摘要
以哈大齐工业走廊的上市公司数据为基础,运用Fama-French三因素模型,实证分析哈大齐工业走廊上市公司市场股票收益率的影响因子。检验三因素模型分析对于哈大齐上市公司股票收益率分析的有效性。结果表明:存在规模与价值效应,股票收益率与公司规模呈负相关关系,而与公司账面市值比呈正相关关系。
Based on the data of the listed corporation of Ha‐Da‐Qi Industrial Corridor ,the Famam‐French three‐factor model is used to analyze the factors that impact market stock return rate of listed corporations in Ha‐Da‐Qi Industrial Corridor . T he effectiveness of analysis is examined by the three‐factor model . Empirical analysis shows the size and value effect ,and the stock returns are negatively related with the company size ,and positively correlated with the corporation book value .
出处
《黑龙江工程学院学报》
CAS
2015年第1期51-53,共3页
Journal of Heilongjiang Institute of Technology
基金
黑龙江省教育厅人文社会科学项目(12532304)
