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荒诞的肉丸 · 2023年11月09日

这道题对应讲义的哪个部分

NO.PZ2022072501000003

问题如下:

Qualitative analysts and portfolio managers seek to integrate their qualitative investment opinion by incorporating:

选项:

A.

Negative screening.

B.

Quantitative adjustments to financial models and valuations.

C.

Qualitative measures only.

D.

None of the above.

解释:

解析:

选项B正确。投资小组在做ESG定性分析时,通常会有三个程序。他们首先会分析ESG数据来形成自己的观点,然后将这些观点和财务分析结合起来,最后会将最终观点以量化的方式来调整财务模型中的假设,完成整合工作。

Qualitative ESG analysis typically involves three procedures.

First, investment teams analyse ESG data to form their opinion on the ability of the firm to manage certain ESG issues.

Second, they combine this opinion with their financial analysis by linking specific aspects of the company’s ESG risk management strategy to different value drivers (such as costs, revenues, profits and capital expenditure requirements.

Third, analysts and portfolio managers then seek to integrate their opinion in a quantified way in their financial models by adjusting assumptions used in the model, such as growth, margins or costs of capital.

请问定性和定量一定是要结合分析么?可以单纯的只定性或者定量么

1 个答案

王岑 · 2023年11月10日

嗨,爱思考的PZer你好:


从广泛的意义上而言,有些投资方式可以是完全定性的,比如说分析管理层的治理水平,也有些投资方式是定量的,比如说高频交易(high frequency trading)。但在ESG投资是把定性和定量相结合的。

这个知识点可以看一下第七章水印版讲义的第14-16页。

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就算太阳没有迎着我们而来,我们正在朝着它而去,加油!

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