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.
（1）公司治理是通过调整折现率，不能通过调整市盈率吗？ （2）有点不太理解市盈率。怎么能形象的理解市盈率呢？是指的投入的钱几年能回本吗？老师上课中说，公司治理越差，市盈率越低？市盈率低不是很快就能股票回本吗？
