统计研究 ›› 2004, Vol. 21 ›› Issue (3): 57-5.

• 论文 • 上一篇    下一篇

基于Feltham—Ohlson模型的中国上市公司股票价格影响因素检验

党建忠 陈军 褚俊红
  

  1. 西安交通大学
  • 收稿日期:1900-01-01 修回日期:1900-01-01 出版日期:2004-03-15 发布日期:2004-03-15

  • Received:1900-01-01 Revised:1900-01-01 Online:2004-03-15 Published:2004-03-15

Abstract: 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.