教師資料查詢 | 類別: 會議論文 | 教師: 葉怡成 YEH, I-CHENG (瀏覽個人網頁)

標題:Using Quantile Neural Networks to Estimate the Distribution of Enterprise Values for Construction Enterprise
學年105
學期2
發表日期2017/07/04
作品名稱Using Quantile Neural Networks to Estimate the Distribution of Enterprise Values for Construction Enterprise
作品名稱(其他語言)
著者I-Cheng Yeh; Yi-Cheng Liu
作品所屬單位
出版者
會議名稱International Conference on Business and Information (BAI 2017)
會議地點International Conference Center Hiroshima, Hiroshima, Japan
摘要In the cases of corporate investment, financing, or transactions, the probability density function of enterprise values may be more useful. This paper proposes a novel method of employing prediction results of the quantile neural networks to build probability density functions with which we may effectively assess enterprise values. Empirical evidence reveals that the estimated cumulative lognormal distribution curves of the Price-to-Book value ratio (PBR) and the data are well-matched. Thus, the corporate market value is also a lognormal distribution. PBR distributions of construction industries are more skewed to the left, implying that enterprise values of construction industries are lower than those of other industries with the same stockholder equity.
關鍵字Quantile regression analysis;neural network;construction enterprise;enterprise value
語言英文
收錄於
會議性質國際
校內研討會地點
研討會時間20170704~20170706
通訊作者
國別日本
公開徵稿
出版型式
出處International Conference on Business and Information (BAI 2017)
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