摘要
对1998年至2000年我国上市公司经济增加值与股价的对比分析便可发现,股票市场存在价格偏离内在价值的现象。其原因是市场对上市公司未来业绩过高的预期所致。
Through the comparative analysi s of EVA and stock price of our country's listed corporation from year 1998 to yea r 2000,we find that share price deviates its intrinsic value. According to EVA t heory, the reason is that stock market reacts to the listed corporation with mu ch higher expectation to the future performances. That manifests our capital mar ket functions with low efficiency.
出处
《云梦学刊》
2003年第6期42-44,共3页
Journal of Yunmeng
关键词
经济增加值
市场增加值
未来增长价值
上市公司
economic value added
market va lue added
future growth value
listed corporation
