| 基于EVA的中国纺织业上市公司股价泡沫分析 |
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| 引用本文： | 唐建新,彭飞. 基于EVA的中国纺织业上市公司股价泡沫分析[J]. 财会通讯, 2008, 0(6): 3-7 |
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| 作者姓名： | 唐建新 彭飞 |
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| 作者单位： | 武汉大学经济与管理学院,湖北武汉430072 |
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| 摘 要： | 本文使用基于EVA的企业价值评估方法，对2006年年末以及2007年第三季末中国纺织业上市公司的股价泡沫状况进行了实证研究。通过对沪深两地纺织业上市公司的绝对泡沫以及泡沫度的计算发现，2006年年末中国纺织业上市公司的股票价格两极分化严重：大部分股票价格偏离价值形成泡沫，还有部份股票价格低于价值而被低估。而2007年第三季度末股价泡沫则非常明显，绝大部份公司股价存在泡沫。
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| 关 键 词： | EVA 企业价值 股价泡沫 |
Analysis of the Stock Price Bubble of China's Listed Companies in Textile Industry based on EVA Model |
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| Tang Jianxin Peng Fei. Analysis of the Stock Price Bubble of China's Listed Companies in Textile Industry based on EVA Model[J]. Communication of Finance and Accounting, 2008, 0(6): 3-7 |
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| Authors: | Tang Jianxin Peng Fei |
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| Affiliation: | Tang Jianxin Peng Fei(Ecomomics , Management School,Wuhan University,Wuhan,Hubei 430072) |
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| Abstract: | In this paper, we make a positive analysis to test whether stock market bubble exists among the textile listed companies using EVA model and with the sample period of Dec,2006 to Oct 2007.The result shows that in 2006,two thirds of the companies experienced bubbles while the remains' stock prices are lower than their intrinsic value. In 2007, the result is quite different, nearly 95% corporations' intrinsic value are overvalued, and the stock market bubble exists. |
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| Keywords: | Stock market bubble Intrinsic value EVA |
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