| 经营利润率、股东收益与股票价格的价值相关性研究 |
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| 引用本文： | 张腾文,黄友. 经营利润率、股东收益与股票价格的价值相关性研究[J]. 会计研究, 2008, 0(4) |
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| 作者姓名： | 张腾文 黄友 |
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| 作者单位： | 西南财经大学会计学院,610074;西南财经大学会计学院,610074 |
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| 摘 要： | 本文以沪、深两市A股上市公司为研究对象,在F-O模型(剩余收益定价模型)的基础上,进一步探讨了分解后的会计信息:经营利润率和股东收益与股价的价值相关性。研究结果表明,上市公司的经营利润率和股东收益对股价有显著的解释能力。本研究的贡献在于进一步拓展了市场定价模型,为证券投资提供具有实用价值的参考。
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| 关 键 词： | F-O模型 价值相关性 经营利润率 股东收益 |
A Value Relevance Study about Return of Operation, Earning of Shareholder and Stock Price |
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| Zhang Tengwen,Huang you. A Value Relevance Study about Return of Operation, Earning of Shareholder and Stock Price[J]. Accounting Research, 2008, 0(4) |
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| Authors: | Zhang Tengwen Huang you |
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| Abstract: | We have studied the value relevance about return of operation,earning of shareholder and stock price listed in Shanghai Stock Exchange and in Shenzhen Stock Exchange.The study is based on the F-O model.The results show that there are a positive correlation between the stock price and return of operation.there are a positive correlation between the stock price and earning of shareholder in China's stock market.The contribution of this research lies in developing F-O model,and offering a reference with practical value for investment. |
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