支付行业投资价值实证分析

发布时间：2018-03-22 18:46

本文选题：支付行业　切入点：投资价值　出处：《会计之友》2017年17期 　论文类型：期刊论文

【摘要】：以A股主板上市公司投资于支付行业为研究对象,基于有效资本市场的假设,依据事件研究方法来分析支付行业的投资价值。文章收集了获得支付牌照的全部12家A股上市公司的相关数据,分析这些公司获得支付牌照后公司股价的变化,并将这些A股上市公司所属的不同行业作为分类依据,来分析不同行业投资于支付行业所带来的价值差异。实证结果表明,上市公司投资支付行业后公司的市场价值有了显著的提高,信息技术服务业及电子设备制造业的上市公司投资于支付行业带来的市场价值显著高于其他行业的公司。研究结论能够吸引社会舆论以及更多公司对该行业的关注,能够为其提供强大的资金支持,也对企业进行战略投资决策与多元化发展具有一定指导意义。
[Abstract]:Based on the hypothesis of efficient capital market, A shares listed companies investing in payment industry are studied. This paper analyzes the investment value of the payment industry according to the method of event research. The paper collects the relevant data of all 12 A-share listed companies that have been granted payment licenses, and analyzes the changes in the stock prices of these companies after they are granted payment licences. The different industries of these A-share listed companies are taken as the classification basis to analyze the value differences brought by the investment of different industries in the payment industry. The empirical results show that, The market value of listed companies in the investment and payment industry has increased significantly. Listed companies in the information technology services and electronic equipment manufacturing industries have significantly higher market value in the payment industry than those in other industries. The findings can attract public opinion and the attention of more companies to the industry. It can provide strong financial support, and also has certain guiding significance for enterprises to make strategic investment decisions and diversify development.
【作者单位】：郑州航空工业管理学院会计与财务研究中心;
【基金】：河南省软科学研究计划项目“混合所有制下非国有股东参与管理程度与公司绩效研究”(172400410636) 河南省哲学社会科学规划项目“股权制衡、非国有股东委派董事与公司绩效研究”(2016BJJ055) 河南省普通高等学校人文社会科学重点研究基地资助项目
【分类号】：F275;F832.51

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