Empirical Study on the Main Factors Affecting Price-Earning Ratio of Listed Companies in China

摘要：

The theoretical calculation model for price-earning ratio (PE) is deduced through transforming the dividend discount model so as to find out the main factors affecting price-earning ratio in theory. Stocks of Shanghal Stock Exchange (SSE) 180 index are selected as the sample, and empirical study on the main factors affecting price-earning ratio is carried out based on the panel data during the 2002-2005 periods with variable intercept model The possible reason of theoretical deviations from analysis results is explained.

关键词： Price-earning ratio Variable intercept model SSE 180 index

作者: TIAN Yuehong ZHENG Jianxin

作者单位: College of Economy and Management,Henan Polytechnic University,P.R.China,454000

会议类型: 国际会议

会议名称: The 5th International Annual Conference on WTO and Financial Engineering(第五届WTO与金融工程国际会议)

会议地点: 杭州

会议语种:英文

页码: 483-486

在线出版日期: 2008-05-18（万方平台首次上网日期，不代表论文的发表时间）