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近期的研究文献表明,亏损上市公司股票价格与会计盈余之间存在负相关关系。鉴于此种“反常”现象,本文以股票内在价值为理论为核心,针对中国股票市场的特殊性,从政策制度、市场环境、亏损上市公司内在价值、亏损上市公司行为、投资者心理多个方面讨论了影响亏损上市公司股票定价的因素。
Recent research literature shows that there is a negative correlation between the stock price of loss-making listed companies and the accounting earnings. In view of this “abnormal ” phenomenon, this article takes the intrinsic value of stock as the core, in view of the particularity of China’s stock market, from the policy system, market environment, the intrinsic value of loss-making listed companies, the loss of listed companies, investors and more This part discusses the factors that affect the pricing of loss-making listed companies.