自从Feltham和Ohlson(1995)的剩余收益模型提出后,剩余收益持久性这一概念逐渐引起了学界的注意。剩余收益持久性和会计盈余的持久性有着密切的联系,当净营业资产增长率大于零时,该持久性与边际投资收益率这一因素有着负相关的关系。实证检验结果与理论分析一致。 Since the model of the residual income of Feltham and Ohlson (1995) was proposed, the concept of residual income persistence gradually attracted the attention of the academic circle. The persistence of surplus income and the persistence of accounting earnings are closely related. When the growth rate of net operating assets is greater than zero, the relationship between persistence and the return on marginal investment is negatively correlated. The empirical test results are in line with the theoretical analysis.