摘要
BD(I波罗的海干散货运价指数)是反映国际航运市场的重要指标之一,揭示了全球干散货船的运价水平及市场供需情况。目前,越来越多的航运企业成为上市公司,其在资本市场上的表现能通过股票价格充分体现。这篇文章主要运用面板模型,选取运输类、港口类及船舶制造类三种航运上市公司从2007年至今的股票价格数据,探讨BDI与其之间的数量关系,以航运公司为桥梁,分析航运市场与资本市场的内在联系。研究发现,BDI与国内航运上市公司的股票价格之间存在一定的关系,这一定程度上能为此类股票的投资者提供决策参考。
BDI （Baltic Dry Index） is an important index reflecting the international shipping market, it represents the tariff of the global bulk shipping and the demand and supply of the market. Now more and more shipping companies become listed, and we can judge them from their stock price in the capital market. With the panel data model, the paper selects some shipping companies to find out the relation between the BDI and the stock price of domestic listed shipping companies. Results indicates that there exists relation between the BDI and stock price of domestic listed shipping companies, which can provide some references to the related stock investors.
出处
《财务与金融》
2012年第5期17-21,共5页
Accounting and Finance
关键词
BDI指数
航运上市公司
股价关系
BDI
Domestic Listed Shipping Companies
Stock Price
Relation
