以锡业股份为例从资源角度探寻公司股价表现的实证研究

Empirical Research to Explore Stock Performance from a Resource Perspective-taking Yunnan Tin Company Limited as an Example

对于资源型的上市公司,其资源储量、资源价格对公司股价的影响至关重要。国际金融危机后,中国资本市场的低成本优势得到体现,中国企业有了到海外收购的优势和冲动。选取了锡业股份作为实证研究的对象,建立了多元对数线性模型,对2000年7月到2008年5月的公司数据进行了实证分析,得出了资源储量、资源价格对公司股价影响的敏感性,并对影响机制进行了分析。

The resource reserves and prices have great impact on the stock price of resource-based listed companies. After the financial crisis, Chinese enterprises have more advantages and impulses to purchase resources aboard because of the low cost of Chinese capital market. The empirical research of Yunnan Tin Company Limited and established focused on a multi linear logarithmic model with company data from July 2000 to May 2008. It measures the sensitivity of resource reserves and prices on the stock price of the corresponding companies, and analyzes the mechanism of affect.