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 negative
corporate governance characteristics, a risk premium, not a discount, is
reflected in the cost of capital.
B is incorrect because proxy advisory firms (a highly
concentrated group led by ISS and Glass Lewis) tend to adhere to the details of
corporate governance codes in giving recommendations on how their clients might
vote. Therefore, proxy votes are not used in investment models but once an
investment has been made and is managed.
C is correct because for many investors integrating
governance factors is a threshold assessment - a formal minimum criterion to
consider before they will consider making an investment at any price.
这题不是很理解，请解释说明。
