混合所有制改革对上市公司股价波动的影响

Study on the Influence of Mixed Ownership Reforms on Listed Company's Share Price Fluctuation

混合所有制改革作为新一轮的经济体制改革,为我国国有企业的快速发展注入新的活力。上市公司是我国经济发展的主要力量,其股票价格受政治因素、体制因素及企业自身管理水平等多种因素交叉影响。采用事件研究法对30家A股上市公司进行实证分析研究,结果表明,混合所有制改革对我国上市公司股票价格波动具有显著性的正向影响。

The mixed ownership reform,as a new round of economic system reform,has injected new vitality into the rapid development of China’s state-owned enterprises. The listed companies are the major forces of eco-nomic development in China. Their stock price is impacted by political factors,institutional factors,enterprise man-agerial efficiency and other multiple interactive factors. This article carried out the empirical analysis research on 30 A-share listed companies by event study method. The results show that the mixed ownership reform has a positive effect on the volatility of the stock price of the listed company in China.