Empirical study on the main factors affecting price-earning ratio of listed companies in China

被引：0
|
作者：
Tian Yuehong [1 ]
Zheng Jianxin [1 ]
机构：
[1] Henan Polytech Univ, Coll Econ & Management, Jiaozuo 454000, Peoples R China
来源：
MODERN FINANCE AND GLOBAL TRADING COOPERATION: PROCEEDINGS OF THE 5TH INTERNATIONAL ANNUAL CONFERENCE ON WTO AND FINANCIAL ENGINEERING | 2008年
关键词：
price-earning ratio; variable intercept model; SSE; 180; index;
D O I：
暂无
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
The theoretical calculation model for price-earning ratio (PE) is deduced through transforming the dividend discount model so as to find out the main factors affecting price-earning ratio in theory. Stocks of Shanghai Stock Exchange (SSE) 180 index are selected as the sample, and empirical study on the main factors affecting price-earning ratio is carried out based on the panel data during the 2002-2005 periods with variable intercept model. The possible reason of theoretical deviations from analysis results is explained.
引用
收藏
页码：483 / 486
页数：4
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