Bussiness ManagementMBAstrategyHuman ResourceMarketingHospitalityE-commerceInternational Tradingproject managementmedia managementLogisticsFinanceAccountingadvertisingLawBusiness LawEducationEconomicsBusiness Reportbusiness planresearch proposal
英语论文题目英语教学英语论文商务英语英语论文格式商务英语翻译广告英语商务英语商务英语教学英语翻译论文英美文学英语语言学文化交流中西方文化差异英语论文范文英语论文开题报告初中英语教学英语论文文献综述英语论文参考文献
ResumeRecommendation LetterMotivation LetterPSapplication letterMBA essayBusiness Letteradmission letter Offer letter
澳大利亚论文英国论文加拿大论文芬兰论文瑞典论文澳洲论文新西兰论文法国论文香港论文挪威论文美国论文泰国论文马来西亚论文台湾论文新加坡论文荷兰论文南非论文西班牙论文爱尔兰论文
小学英语教学初中英语教学英语语法高中英语教学大学英语教学听力口语英语阅读英语词汇学英语素质教育英语教育毕业英语教学法
英语论文开题报告英语毕业论文写作指导英语论文写作笔记handbook英语论文提纲英语论文参考文献英语论文文献综述Research Proposal代写留学论文代写留学作业代写Essay论文英语摘要英语论文任务书英语论文格式专业名词turnitin抄袭检查
temcet听力雅思考试托福考试GMATGRE职称英语理工卫生职称英语综合职称英语职称英语
经贸英语论文题目旅游英语论文题目大学英语论文题目中学英语论文题目小学英语论文题目英语文学论文题目英语教学论文题目英语语言学论文题目委婉语论文题目商务英语论文题目最新英语论文题目英语翻译论文题目英语跨文化论文题目
日本文学日本语言学商务日语日本历史日本经济怎样写日语论文日语论文写作格式日语教学日本社会文化日语开题报告日语论文选题
职称英语理工完形填空历年试题模拟试题补全短文概括大意词汇指导阅读理解例题习题卫生职称英语词汇指导完形填空概括大意历年试题阅读理解补全短文模拟试题例题习题综合职称英语完形填空历年试题模拟试题例题习题词汇指导阅读理解补全短文概括大意
论文作者:留学生论文论文属性:短文 essay登出时间:2014-10-30编辑:felicia点击率:9825
论文字数:3082论文编号:org201410301810042015语种:英语 English地区:澳大利亚价格:免费论文
关键词:
7. Conclusion:
Reviewing previous literatures, we can draw a conclusion that there is a close relationship between inflation, interest rate, and stock return, which is also a controversial debate, and interest rate and cash flows are two mainly factors fluctuated by inflation. The government wants less budget deficits by implementing monetary policy which is mainly consisted by interest rate changes; the changes of interest rates as discount rates are used in calculation of stock market. Little researches have been done in discovering how inflation influences on concentrated companies and competitive companies respectively, which is an area that my dissertation focus on.
I suppose that the specific inflation can affect stock returns through changes cash flows; and general inflation through influence on interest rates to affect on stock market. Therefore, specific Inflation can be seen as a double-edges sword impact on companies’ cash flows. On the one hand, it can enhance companies’ cash flows due to higher selling prices. On the other hand, as general goods prices are increased by inflation, the cost of productions getting higher as well. Inflation can induce a broader fierce competition and make companies less profitability due to higher selling prices and higher costs respectively. Therefore, it is worth to consider whether or not specific inflation could really enhance cash flows of companies, and then increase share prices. As concentrated companies who are enough mightiness, powerful and monopolistic in the industrial field, seems always get benefits from inflation, because concentrated companies play a dominant role in the market: the customers have no alternative options to choose and have to accept higher purchasing prices; Moreover, taking advantages of famous brands and economic strengths, the concentrated companies may not be impacted by higher material costs. In contrary, competitive companies have to code with more fierce competitions because customers want to find the lowest price from a general higher prices list. My dissertation on the one hand focuses on how general inflation affects on interest rate and then affect on share prices. On the other hand it will concentrate on how specific inflation influence on concentrated companies and competitive companies respectively.
Books:
1. Nellis.J G&Parker.D, (2004), Principles of Macroeconomics, England, Pearson Education Ltd.
2. Fisher, I. (1930). ‘The theory of interest’, New York, Macmillan Co.
3. Paper C04, Fundamentals of Business Economics, Relevant for 2009 Computer-Based Assessments, The Official CIMA Learning System.
Journals: articles
1. Barnes.M & Boyd.J.H& Smith.B.D, (1999), Theories of Money: ‘Credit and Aggregate Economic Activi本论文由英语论文网提供整理,提供论文代写,英语论文代写,代写论文,代写英语论文,代写留学生论文,代写英文论文,留学生论文代写相关核心关键词搜索。