| 公司价值与财务信息的相关性:基于中国上市公司的研究 |
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| 引用本文： | 兰永,李仕明,李金.公司价值与财务信息的相关性:基于中国上市公司的研究[J].数理统计与管理,2005,24(6):113-118. |
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| 作者姓名： | 兰永 李仕明 李金 |
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| 作者单位： | 电子科技大学管理学院,四川成都,610054 |
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| 基金项目： | 国家杰出青年科学基金资助项目(79725002) |
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| 摘 要： | 本文以778家上市公司1998—2002年5年间的3890个观测值为样本,研究了公司价值与财务信息的相关性。结果表明,ST、PT公司的价值测度与综合短期利润测度存在不显著的负相关关系;既发行A股又发行B股的上市公司的价值测度与综合短期利润测度在0.01水平下显著正相关性,利润测度提供了约2%的公司价值解释力;对于绝大多数的经营正常的A股公司,价值测度与综合短期利润测度在0.01水平下显著正相关性,利润测度提供了约18%的公司价值解释力。
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| 关 键 词： | 上市公司 公司价值 短期利润 市场增加值 经济增加值 |
| 文章编号： | 1002-1566(2005)06-0113-06 |
| 收稿时间： | 2004-04-23 |
| 修稿时间： | 2004年4月23日 |
The Correlation Between Company Value and Financial Information:A Study on Listed Companies of China |
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| LAN Yong,LI Shi-ming,LI Jin.The Correlation Between Company Value and Financial Information:A Study on Listed Companies of China[J].Application of Statistics and Management,2005,24(6):113-118. |
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| Authors: | LAN Yong LI Shi-ming LI Jin |
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| Institution: | Management School of UESTC, Chengdu, China,610054 |
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| Abstract: | This paper take 3890 observed values as sample from 778 listed companies ranging from 1998 to 2002 and investigate the correlation between company value and financial information.The results show:for ST and PT companies,company value is negatively related with synthetic short-term profit,but not significant;for companies publishing both stock A and stock B,company value is significantly positively related with synthetic short-term profit at the 0.01 level,profit measure provides about 2% explanatory capability to company value;for most normally-running companies publishing stock A,company value is significantly positively related with synthetic short-term profit at the 0.01 level,profit measure provides about 18% explanatory capability to company value. |
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| Keywords: | listed company company value short-term profit market value added economic value added |
| 本文献已被 CNKI 维普 万方数据 等数据库收录！ |
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