Using cash to buy back equity boosted earnings per share, making it easier for companies to meet quarterly profits targets.
利用现金回购股票[注4],提高每股收益,使得企业能更容易地实现季度利润目标。
Performance measures such as earnings per share or return on equity may encourage excessive risk-taking.
每股收益、股权回报率等业绩衡量指标可能会鼓励过度冒险。
This is at odds with how global fund managers base their decisions - on details such as earnings per share, return on equity and the consistency and transparency of a company's operations.
这与全球基金经理的决策依据不符。他们依据的细节包括:每股盈利、股本回报率、公司业务的连贯性和透明度。
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