上市公司股票价格与财务指标相关性分析

选取沪深证券交易所1354家上市公司作为研究样本,建立线性回归模型,分析上市公司股票价格上涨率与其财务指标及变动率的相关关系。结果显示:股票价格上涨率与每股收益呈显著的正相关关系,与长期负债比率呈显著的负相关关系;对股票价格产生重要影响的指标短期内主要是每股收益,较长期主要是长期负债比率,且时间跨度越长其影响程度越大;上市公司其他财务变动率类指标对股票价格上涨率的影响非常小。

Correlation Analysis on Stock Price and Financial Indexes of Listed Corporations

Through sampling 1354 Listed Corporations in Shanghai Stock Exchange and Shenzhen Stock Exchange, this paper analyzes the correlation between the rising rate of stock price and their fi- nancial index as well as their change rate by using linear regression model. The result shows that stock price rate and earnings per share has the significant positive correlation, but a significant negative corre- lation with the long-term debt ratio. In short term, the index which affects the stock price is the earn- ings per share, but, in long term, it is mainly the long-term debt ratio, and the longer the time is, the greater the influence will become. However, the change rate of other financial indexes has little impact on the stock price.