摘要
壳资源是当前中国资本市场的热点。我们考察了2001,3,1-2002/7/30的26只在上海证券交易所交易的ST股票,利用CAPM模型,分析ST股票与市场综合收益,得出ST股票的超额回报,从而反映控制上市公司或是企业控制上市公司的大股东们为了保持壳资源而注入上市企业的优良资产的价值。
'Shell resources'is a hot spot in china's capital maket. Examining 26 pieces of ST shares in Shanghai Stock Exchange from 1st march, 2001 to 30th jaly, 2002. And making use of the CAPM model we analyze the return of ST shares and market respectively. Then we could get the excess return of ST shares. These returns could reflect the value, which the Listed company or the controlling shareholders inject good assets into ST companies for the sake of keeping shell
出处
《商业研究》
北大核心
2003年第22期12-14,共3页
Commercial Research
