Title :
Notice of Retraction
Can PER be effective in investment analysis and decision—Data from China A-Share stock market
Author :
Gongrong Chen ; Ran Liu
Author_Institution :
Bus. Sch., Hunan Univ., Changsha, China
Abstract :
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
The model of NPVGO indicates PER plays an important role in investment analysis and decision, which reflects stock returns and risks, conveys information about a company´s growth and profitability. However, data from China A-Share stock market states that lacks of Value-Investment concept make PER ineffective to reflect a company´s growth and profitability; PER can just be a consultative target. Only by improving supervision mechanism in stock market, establishing information disclosure system, setting up the value-investment concept, and setting up a more effective market, can PER be decisive.
Keywords :
investment; macroeconomics; profitability; risk analysis; stock markets; China A-share stock market; NPVGO model; PER; company growth; information disclosure system; investment analysis; profitability; stock return; stock risk; value-investment concept; Companies; Correlation; Indexes; Industries; Investments; Profitability; Stock markets; Economic Meaning; Investment Analysis; PER;
Conference_Titel :
Artificial Intelligence, Management Science and Electronic Commerce (AIMSEC), 2011 2nd International Conference on
Conference_Location :
Dengleng
Print_ISBN :
978-1-4577-0535-9
DOI :
10.1109/AIMSEC.2011.6009768
