答案:cost of capital(降低),DCF(下调 down)等的影响,要分清楚哪些是升哪些是降(Chapter 7 P391-393)E、S、G 相关因素的改变对于 DCF 模型和 P/E ratio 的影响( 1 ) Alternatively, weak governance identified in a private company(proved by a board with poor skills, not independent, non-diversified thinking):► increased risk of negative capital allocation decisions► lower future cash flows or difficulty in IPO to capital markets► lower valuation or increased bankruptcy risk