摘要
以2013-2017年每个季度国内农业上市公司财务数据为样本,从盈利能力、成长能力、营运能力及偿债能力4个方面选取8个财务指标,运用面板数据模型,研究财务绩效对股票价格的影响。研究发现:盈利能力与股票价格明显相关,成长能力、营运能力及偿债能力与股票价格的相关性不大。
Based on the financial data of domestic agricultural listed companies in each quarter from 2013 to 2017,this study selects eight financial indicators from the four aspects of profitability,growth capacity,operational capacity and solvency,and uses panel data model to analyze the impact of financial performance on stock prices.The study find that profitability is significantly related to stock prices,while growth capacity,operational capacity and solvency are not closely related to stock prices.
作者
朱星杰
刘洪久
胡彦蓉
Zhu Xingjie;Liu Hongjiu;Hu Yanrong(Information Engineering School,Zhejiang Agriculture and Forestry University,Hangzhou,Zhejiang 311300)
出处
《嘉兴学院学报》
2019年第4期124-130,共7页
Journal of Jiaxing University
基金
教育部人文社会科学研究规划基金项目(14YJA630030)
浙江省自然科学基金(LY18G010005,LY17G020025)
浙江省哲学社会科学规划课题(17NDJC262YB)
杭州市哲学社会科学规划课题成果(Z18JC110)
关键词
农业
上市公司
财务绩效
股价
面板数据模型
agriculture
listed companies
financial performance
share price
panel data model
