我國股票β系數(shù)與會計變量關(guān)系的實(shí)證研究.pdf

1、碩士學(xué)位論文Y825327我國股票13系數(shù)與會計變量關(guān)系的實(shí)證研究EmpiricalStudyontherelationshipbetweenBetaCoefficientandaccountingvariablesinChineseStockMarket作者姓名：學(xué)科、專業(yè)：學(xué)號：指導(dǎo)教師：完成日期：鯉盛班會讓堂2Q呈!l!QQ割艷汪2Q籩：!!：!Q大連理工大學(xué)DalianUniversityofTechnology錚琳琳：我莓段票

2、13系數(shù)與會計變整關(guān)系豹實(shí)證研究EmpiricalStudyontherelationshipbetweenBetaCoefficientandaccountingvariablesinChineseStockMarketAbstractInmodemeconomicalliferiskisaconceptionwhichpeoplepaymoreattentiontoEspeciallyinthesecuritiesmarketsit

3、uationchangesconstantlySincetheCAPMmodelcameout，betacoefficientisallimportantparameterwhichdescribetherelationshipbetwcenasset01“assetsportfolioandmarketcollectivityItisallimportantsystematicriskindexbecauscitcallmeasnre

4、systematicriskofassetOwingtOthedifficultyofestimatingbetacoefficientmanyinvestorsn。。drl’testimatebetacoefficientButitisrequiredtodiscover：whichfatorinfluencesbetacoefficientandinfluencedegreeAtthesametime，thispapernotonl

5、yexplainstheinstabilityofbetacoefficientinthecertainextenLbutalsoprovidesthescientifictheorybasisandtheanalysismethodfortheforecastofbetacoefficientCompanysbasiccharacteristic，suchasproductlifecycle，financialpolicymadSOo

6、n，wouldchangealongwithtimethatcouldinevitablyleadtothechangeofstockpriceThusitwillcausethechangeofbetacoefficientFirstlythispapergiwsacomprehensiveandsystemicintroductiontothetheorystudyofbetacoefficientInthebasicofthis，

7、thispalerchoosessampling293AstocksfromtheShanghaiandSbenzbenStockExchangeswhichcomeintomarketbefore1997Startingwiththecompany’Scharacteristic，thispaperselectsrelatedaccountingvariablesandm婦theresearchsupposition。Thenthea

8、uthoridentifiesandevaluateswhatfactorssignificantlyaffectallindividualstock’SbetabyapplyingclustermethodcorrelationmethodandmultipleregressionanalysismethodfortheperiodfromJanuary1998toDecember2004Intheexistingliterature

9、，empiricalresearchonbetabyusingChinesestockmarketdatabaseisvery囊Ireup幻nOWThemajorinadequaciesofthepreviousstudiesInadebyChina’Sscholarsarelackofcomprehensiveandindepthresearchesbecausemostofthemhavenarrowsampleperiodsori

10、nadequacysamplesize，usingonlyoneortwoanalysismethodsThispapermakesagreatimprovementinthoseaspectsSOthatthisresearchconclusionsfilegeneralizedandmorereliableThispaperinvestigateswhetherthereexistconsistentrelationshipsbet