摘要
阐述了托宾Q及其与市场绩效的一般关系,引出本文的假设;然后从财务困境与市场绩效之间的相关性角度,也就是从公司陷入财务困境与市场绩效之间的关系以及影响市场绩效的因素等方面展开,进行实证研究,得出中国的ST公司股价受到公司基本面影响的程度是非常小的,股价更多的是受到其他因素的影响。
Starting with the introduction of Tobin＇s Q and market performance, Then followed by a hypothesis related, from the respect of the correlation between financial distress and market performance, an empirical study is launched. Finally, a conclusion is drawn that the stock price of China＇s ST Corporations is more correlative to other factors instead of its fundamental situation
出处
《价值工程》
2007年第4期155-157,共3页
Value Engineering
关键词
财务困境
市场绩效
托宾Q
financial distress： market oerformance
Tobin＇s Q
