我国上市公司净资产收益率剧烈波动的影响因素分析——来自深圳A股市场2001年度的证据

Analysis of the Affecting Factors in the Sharp Fluctuation of Net Assets Income in China's Listed Companies

本文采用实证研究的方法,对我国深圳股票市场2001年度净资产收益率大幅下降的原因进行了分析。我们得到的证据是:已处于亏损境地企业的该指标变动,是深市净资产收益率大幅下降的最主要因素;其他因素虽有一定影响,但不够显著。本文旨在分析和探讨净资产收益率变动的规律,以为相关研究提供思路。

In an empirical approach, this paper analyzes the reasons for the sharp decrease in the net assets income rate in China's Shenzhen stock market in 2001. The evidence obtained through analysis is that the change of such index in loss- incurring enterprises is the major reason for the sharp decrease of net assets income rate in Shenzhen stock market. Other factors, though exerting some influence, do not play a distinctive role. The purpose of this paper is to analyze and explore the regular patterns of the net assets income rate change so as to provide some reference for related research.