NO.PZ2024021802000072
问题如下:
Negative corporate governance characteristics are reflected in investment models through a:选项:
A.risk discount on the cost of capital.
B.proxy vote for low quality of management.
C.threshold assessment prior to investment.
解释:
A is incorrect because, for companies with negativecorporate governance characteristics, a risk premium, not a discount, isreflected in the cost of capital.
B is incorrect because proxy advisory firms (a highlyconcentrated group led by ISS and Glass Lewis) tend to adhere to the details ofcorporate governance codes in giving recommendations on how their clients mightvote. Therefore, proxy votes are not used in investment models but once aninvestment has been made and is managed.
C is correct because for many investors integratinggovernance factors is a threshold assessment - a formal minimum criterion toconsider before they will consider making an investment at any price.
请教一下 对应的课件是哪页呀