股票内在价值、投资者关注与企业价值

发布时间：2018-03-14 07:11

本文选题：内在价值　切入点：企业价值　出处：《财会通讯》2017年24期 　论文类型：期刊论文

【摘要】：本文选用2009-2015的3362家上市企业为研究对象,分析了企业价值、投资者关注度与股票内在价值三者之间的关系。研究表明:内在价值与企业价值呈现显著正相关,即内在价值越大,企业价值越高;投资者关注度与企业价值正相关,即投资者关注度越强,企业价值越高;另外,内在价值与投资者关注度存在增量价值相关性,即两者共同解释企业价值可以增加解释力;同时利用弹性系数对比分析内在价值和投资者关注度对企业价值的影响,发现内在价值对于企业价值变动的影响更大。本文的最后分别从政府监管部门和投资者的角度为企业价值稳定及投资者理性投资提出相应的对策,从而为我国企业自我良性发展提供参考依据。
[Abstract]:This paper selects 3362 listed enterprises in 2009-2015 as the research object, analyzes the relationship among the enterprise value, the investor's attention and the stock's intrinsic value. The study shows that the intrinsic value is positively correlated with the enterprise's value, that is, the greater the intrinsic value, the greater the intrinsic value. The higher the enterprise value is, the higher the enterprise value is, the higher the investor attention is, the higher the enterprise value is, in addition, the increment value correlation exists between the intrinsic value and the investor concern. That is to say, both of them can increase the explanatory power by explaining the enterprise value together; at the same time, using the elasticity coefficient to analyze the influence of the intrinsic value and investor's attention on the enterprise value, It is found that the intrinsic value has a greater impact on the change of enterprise value. Finally, from the angle of the government supervision department and the investor, the author puts forward the corresponding countermeasures for the enterprise value stability and investors' rational investment. Thus provides the reference basis for our country enterprise self-benign development.
【作者单位】：安阳学院财会学院;
【分类号】：F275;F832.51

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