| 基于剩余收益模型:银行股票定价的实证分析 |
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| 引用本文： | 佟孟华,陈传秀.基于剩余收益模型:银行股票定价的实证分析[J].数学的实践与认识,2010,40(7). |
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| 作者姓名： | 佟孟华 陈传秀 |
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| 作者单位： | 1. 东北财经大学,数学与数量经济学院经济计量分析与预测研究中心,辽宁,大连,116025
2. 用友软件股份有限公司银行事业部,北京,100085 |
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| 基金项目： | 国家社会科学基金(07BJY159); 辽宁省教育厅创新团队项目(20097028) |
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| 摘 要： | 利用会计信息对股票价值进行评估的研究是理论界一个长期关注和重视的热点,运用剩余收益模型结合杜邦财务分析体系,对上海浦东发展银行在2005年以及2006年前三个季度的股票价值进行了估计,通过与实际市场价值的比较,发现估计的股票价值与实际市场价值存在差异,但差异不大,并分析了可能产生差异的原因,最终得出该模型对股票的价值具有一定的解释和预测能力.
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| 关 键 词： | 剩余收益模型 银行股票 定价 |
An Empirical Study about the Bank Stock Pricing Based on Residual Income Value Model |
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| TONG Meng-hua,Chen Chuan-xiu.An Empirical Study about the Bank Stock Pricing Based on Residual Income Value Model[J].Mathematics in Practice and Theory,2010,40(7). |
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| Authors: | TONG Meng-hua Chen Chuan-xiu |
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| Institution: | TOHG Meng-hua~1,Chen Chuan-xiu~2 (1.School of Mathematics & Quantitative Economics,Econometric Analysis & Forecast Center,Dalian 116025,China) (2.University of Finance & Economics,China) |
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| Abstract: | Estimating stock values with accounting imformation is a long term and wellconcerned discussion in the thoery circle.This paper estimates the stock values of Shanghai Pudong Development Bank during 2005 and the first three quarters in 2006 by using residual income value model and the Du Pont system.Compared with the real market value,this article finds out there is a small difference between the estimated values and the real ones. The writer also provides several possible reasons to account for the differen... |
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| Keywords: | residual income value model bank stock price-making |
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