Traditional measures have been largely based on growth in EPS, which has encouraged companies to seek to increase short-term earnings at the expense of long-term earnings, eg. by cutting back capital programmes. Even worse, concentrating on growth in earnings per share can result in a reduction in shareholder value, eg. by companies borrowing and investing in projects that produce a return in excess of the interest charge, but less than the return expected by equity investors. 是什么意思啊 ？谢谢！
发表于 2008-7-22 12:03
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