Phân tích tư tưởng của nhân dân qua đoạn thơ: Những người vợ nhớ chồng… Những cuộc đời đã hóa sông núi ta trong Đất nước của Nguyễn Khoa Điềm
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However, an alternative interpretation might suggest that the size of the effect is far fromtrivial. Consider a large, risky project – let us choose as an example the Saturn project undertakenby General Motors some time ago. How much does such a project change the volatility of a firm’sreturns? The answer depends on many factors, such as the market’s view of to what extent thesuccess of the project is a signal of the firm’s future growth prospects. But it is not likely we wouldexpect such a project to change GM’s annual volatility from 30% to 50%. ...
Nội dung trích xuất từ tài liệu:
DOES GREATER FIRM-SPECIFIC RETURN VARIATION MEAN MORE OR LESS INFORMED STOCK PRICING?
