SAM Rainsyសហស្ថាបនិកគណបក្សសង្គ្រោះជាតិ

លោក សម រង្ស៊ី បានផ្តួចផ្តើមបដិវត្តន៍ហិរញ្ញវត្ថុ ទី៧ ក្នុងប្រវត្តិសាស្ត្រហិរញ្ញវត្ថុពិភពលោក / Sam Rainsy has initiated, through the Potential Payback Period (PPP), the seventh financial revolution in the history of global finance

ចែករំលែក ៖​

១៩ កុម្ភះ ២០២៥ / 19 February 2025

អត្ថបទមួយ ចុះផ្សាយថ្ងៃ ១៨ កុម្ភៈ ២០២៥ ក្នុងទស្សនាវដ្ដី Revue Française d'Economie et de Gestion ("ទស្សនាវដ្ដីបារាំង លើវិស័យ សេដ្ឋកិច្ចនិងការគ្រប់គ្រង") បង្ហាញថាលោក សម រង្ស៊ី បានផ្តួចផ្តើមបដិវត្តន៍ហិរញ្ញវត្ថុ ទី៧ ក្នុងប្រវត្តិសាស្ត្រហិរញ្ញវត្ថុពិភពលោក។

ខ្លឹមសារសង្ខេប នៃអត្ថបទនេះ មានដូចតទៅ៖

ក្នុងប្រវត្តិសាស្ត្ររបស់ហិរញ្ញវត្ថុ មានបដិវត្តន៍ ឬការផ្លាស់ប្តូរគំនិតជាមូលដ្ឋាន ប្រាំមួយដងរួចមកហើយ ដែលបានកំណត់ប្រព័ន្ធដំណើរការ និងឧបករណ៍ហិរញ្ញវត្ថុ ដែលយើងប្រើប្រាស់ មកដល់សព្វថ្ងៃ។ អត្ថបទនេះ ពិភាក្សាអំពីបដិវត្តន៍មុនៗទាំងនោះ មុននឹងពន្យល់ពីឧបករណ៍ហិរញ្ញវត្ថុថ្មីមួយ ហៅ Potential Payback Period (PPP) បង្កើតឡើងដោយលោក សម រង្សុី ដែលបង្ហាញអំពីការផ្លាស់ប្តូរគំនិតជាមូលដ្ឋាន លើកទីប្រាំពីរ ក្នុងវិស័យហិរញ្ញវត្ថុ។

An article published on February 18, 2025, in the Revue Française d'Economie et de Gestion ("French Journal of Economics and Management") highlights that Sam Rainsy has initiated, through the Potential Payback Period (PPP), the seventh financial revolution in the history of global finance.

RÉSUMÉ

Tout au long de l’histoire de la finance, six révolutions conceptuelles majeures ont redéfini notre compréhension des marchés et des instruments financiers. Cet article explore ces étapes avant d’introduire le Potential Payback Period (PPP), une importante innovation qui présente les dimensions d’une septième révolution financière. Le PPP surmonte les limites des outils traditionnels, tels que le PER et le PEG, en intégrant la croissance, le risque et le taux d’intérêt dans une évaluation synthétique et dynamique. En tant que "PER Dynamique", le PPP généralise le PER, établit un lien direct entre actions et obligations via le Taux de Rentabilité Interne (IRR) et reste applicable dans des contextes complexes tels que les entreprises en forte croissance ou en redressement. En renforçant la validité de l’Hypothèse des Marchés Efficients et en fournissant un cadre universel et cohérent pour l’évaluation des actifs, le PPP marque un saut conceptuel majeur. Il ouvre la voie à une nouvelle ère pour l’analyse financière moderne, rendant les marchés plus efficients et offrant des perspectives élargies pour les investisseurs.

_______________________________________

ABSTRACT

Throughout the history of finance, six major conceptual revolutions have redefined our understanding of markets and financial instruments. This article explores these milestones before introducing the Potential Payback Period (PPP), a significant innovation that embodies the dimensions of a seventh financial revolution. The PPP overcomes the limitations of traditional tools, such as the P/E and PEG ratios, by integrating growth, risk, and interest rates into a synthetic and dynamic evaluation framework. As a "Dynamic P/E," the PPP generalizes the P/E ratio, establishes a direct link between equities and bonds via the Internal Rate of Return (IRR), and remains applicable in complex contexts such as high-growth or turnaround companies. By strengthening the validity of the Efficient Market Hypothesis and providing a universal and coherent framework for asset evaluation, the PPP represents a major conceptual leap. It paves the way for a new era in modern financial analysis, making markets more efficient and offering broader perspectives for investors.

https://www.revuefreg.fr/inde.../home/article/view/2003/1608