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ID:39115255
大小:2.95 MB
页数:65页
时间:2019-06-25
《财务指标与股票价格相关性分析--基于上证50指数股的实证分析》由会员上传分享,免费在线阅读,更多相关内容在学术论文-天天文库。
1、AbstractWithtockpricesvaryfromminutetominute,theformationofstockpricesistheresultofmanyfactors,andinthenumerousoffactors,influencingannouncedfinancialreportcontainsaccountinginformationfortheinvestor’Sdecisionisespeciallyremarkable.Focusattentiontoinvestorsiscontainedinfinancia
2、lreportsoflistingCorporationaccountinginformation,itsmessageisengagedinthebasicinformationneededtoinvest,andfinancialindicatorsareconcentratedmostofaccountinginformationinthefinancialstatement,becauseofthispeoplemoreattentiontothefinancialrelationshipbetweenstandardandstockpric
3、ehasmore,onbetweenaccountinginformationandstockpriceisnotrelevantandrelateddegreetocarryonquantitativeanalysisandverificationhelpsinvestorstoimproveinvestmentdecision—making.Accountinginformation,thesecuritiesmarketasthemainsourceofinformation,isformedonthestockprice,investorsp
4、layanimportantroleininvestmentdecision.ThispaperfromtheeffectivemarkettheoryandfunctionlocktheorystudyingtherelationbetweentheperformanceandthestockpricesoflistingCorporationinchina.Firstestablishedbytheresidualincomemodel,fmancialdatafrom2009—2013yearsinShanghaiandShenzhen50in
5、dexstocklistingCorporationastudysample,accordingtothecompany’Soperations,respectivelyfromthethreeaspectsofcompanyprofitability,growthabilityandcashflowwereselectedfromtwotothreerepresentativefinancialindexasthedependentvariabledatatheempiricalpart,ShanghaiandShenzhen50indexfrom
6、2009-2013annualreportdisclosureafterfifthdaysoftheclosingpriceasthedependentvariable,andthecorrelationofeachindexandthestockoffinancialindicatorsselectedinprice.Theempiricalanalysisofthispaperareasfollows:firstly,validityanalysisaccordingtothegrowingprofitabilityindex,capacityi
7、ndex,cashflowindex,factoranalysisiscarriedoutbasedontheaboveanalysis,accordingtothefactoranalysisresultsisvalidity;again,onthefinancialindexoflistingCorporationstockpricepointsandsummaryofcorrelationtest;finally,basedontheresultsofthecorrelationtest,throughregressionanalysis,ar
8、egressionequation.IIThroughthefactorof2009to2013oflist
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