摘要
This paper establishes a experiential model about stock price of Chinese listed company by using Feltham Ohlson stock option theory and model, and examines how listed company accounting statement data of China stock market from 1993 to 2001 affect listed company stock price. It also studies the influence of company growth, capital structure,company core assets profitability and the scale of floating stock on stock price. The result demonstrates that accounting earnings, net assets, the growth of company profitability, company core assets profitability,company scale and the scale of floating stock not only relate with stock price, but also can explain stock price. But capital structure can not explain stock price well.
This paper establishes a experiential model about stock price of Chinese listed company by using Feltham Ohlson stock option theory and model, and examines how listed company accounting statement data of China stock market from 1993 to 2001 affect listed company stock price. It also studies the influence of company growth, capital structure,company core assets profitability and the scale of floating stock on stock price. The result demonstrates that accounting earnings, net assets, the growth of company profitability, company core assets profitability,company scale and the scale of floating stock not only relate with stock price, but also can explain stock price. But capital structure can not explain stock price well.
出处
《统计研究》
CSSCI
北大核心
2004年第3期57-61,共5页
Statistical Research
基金
陕西省软科学基金项目"陕西省上市公司资本结构及其优化研究"资助
