上市银行股价与财务指标分析——基于多元分布滞后模型

Analysis on the Stock price and Financial Index of Listed Banks

通过相关性矩阵的主成分分析和因子分析选取财务指标,构建多元分布滞后模型分析财务指标对上市银行股价的影响。结果表明:每股公积金、销售净利率和权益乘数的当期值对股价由正向影响,变化值对股价有负向影响。营业利润率当期值对股价有负向影响,其变化值对股价有正向影响。资产负债率和营业外收支净利润率的当期值对股价有负向影响,其变化值对股价没有影响。

The main component analysis and factor analysis of correlation matrix are used to select financial indicators,and the multiple distribution lag model is constructed to analyze the impact of financial indicators on the stock price of listed banks.The results show that the current value of per share accumulation fund,sales net interest rate and equity multiplier has a positive impact on the stock price,and the change value has a negative impact on the stock price.The current value of operating profit rate has a negative impact on the stock price,and its change value has a positive impact on the stock price.The current value of the asset liability ratio and the non operating income and expenditure net profit ratio has a negative impact on the stock price,and its change value has no impact on the stock price.