家电制造业上市公司经营绩效的实证分析

近几年家电制造业上市公司经营业绩呈现下滑趋势 ,一些大型家电制造商在 2 0 0 1年陷入严重亏损 ,究其原因 ,营业费用比率的逐年过度上涨占很大一部分。本文试以实证的方法来分析两者的相关性 ,并且从中发现问题 ,提出相应的建

Share Repurchase and Corporation Value——Theoretical and Empir ical Analysis

股票回购是西方发达国家上市公司一种常见的股利分配政策和资本运作方式 ,在回顾与总结国内外相关理论的基础上 ,从实证角度分析了股票回购对于我国上市公司价值的影响。研究结果表明 ,股票回购对于我国上市公司具有特殊的积极意义 ,有利于公司价值的提升。As a general policy of dividend distribution and means of ca pital operation, share repurchase has important impact on corporation value.In t his paper, we theoretically and empirically examine the relevance of share repur chase and corporation value .The results indicate that share repurchase has posi tive significance on the enhancement of corporation value

Empirical Study on Chinese Security Investment Fund Performance Evaluation

内容摘要 随着我国证券投资基金的迅猛发展，证券投资基金的投资理念越来越受到投资者的推崇和青睐，基金业绩评价也变得越来越重要，评价结果对于基金投资者、基金经理和基金管理公司等的利益具有相当重要的现实意义。而且，基金业绩是否跑赢大盘的实证检验一直以来都是国内外投资实践和金融理论研究领域的热点问题。而要回答这一问题却需要一个合理的基金业绩评价体系，否则将会得到错误的答案。同时，基金体现着一种分散投资和专家理财制度，对基金业绩的评价又不局限于此。现代投资理论认为优秀的投资收益可通过优秀的市场时机选择和证券选择来获得，所以有必要进一步分析基金业绩的归属。其次，由于投资风格和操作方式等的不同，各基金业绩...ABSTRACT With the surge in the prominence of securities investment funds sector in financial markets, its principle is accepted by more and more people, and the ability to accurately measure the risk-adjusted performance of these funds has become vital. It is more important for investors、fund administer and fund management company to evaluation fund performance. The performance of security in...学位：经济学硕士院系专业：经济学院计划统计系_国民经济学学号：20011000

Empirical Research on Stock Price Effect of Rights Issuance

随着我国股市的发展 ,上市公司的融资方式也不断创新 ,配股融资作为股权融资的一种方式逐渐成为上市公司再融资的首选。配股融资虽然具有许多优点 ,但是我国上市公司没有充分发挥配股融资的长处 ,为了“圈钱”而“圈钱” ,并且资金配置效率低下 ,对股市的负面影响日渐突出。通过 2 0 0 0年实施配股的 4 3家样本公司配股公告日股价的变动 ,对配股融资的股价效应进行实证分析 ,并提出相应的政策建议。With the development of China stock market, the financing method of public companies is becoming creative. As a kind of method of financing, rights issuance is gradually becoming the first for public companies refinancing. Although rights issuance has many advantages, public companies in our country do not take full advantage of rights issuance, but for the sake of “collect money”for“collect money”. The distribution efficiency of the raised funds though rights issuance is low, and negative influence on stock market is gradually outstanding. This article tries to analyze the stock price effect of rights issuance by the empirical research methodology though the fluctuation of rights issuance announcing day's stock price of 43 sampled public companies which implemented rights issuance in 2000. Finally we put forward appropriate policy suggestions