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本文以沪深两市148家上市公司与2007年中期的数据为基础,运用回归分析方法,研究在目前国内资本市场中,对于五个不同行业,盈利方面的会计指标对股价的解释能力,在此文中表现为净资产收益率对市净率的解释能力。结果表明,在多数行业中,会计指标对股价有一定的解释能力,但是不同行业有所差别。说明财务指标在资本市场上还是有一定的指导作用。
Based on the data of 148 listed companies in Shanghai and Shenzhen stock markets and the data in the middle of 2007, this paper uses regression analysis method to study the profitability of the accounting indicators in five different industries in the current domestic capital market. This article shows the return on net assets of the book value of the ability to explain. The results show that in most industries, accounting indicators have a certain ability to explain the stock price, but different industries vary. Explain the financial indicators in the capital market or have some guidance.