公司規模、股價、益本比、淨值市價比與股票超常報酬關係之實證研究; Firm Size, Stock Price, E/P Ratio, Book-to-Market Equity, and Abnormal Stock Returns

NCUIR > School of Management at National Central University > Graduate Institute of Business Administration > Electronic Thesis & Dissertation > Item 987654321/11234

Please use this identifier to cite or link to this item: http://ir.lib.ncu.edu.tw/handle/987654321/11234

Title:	公司規模、股價、益本比、淨值市價比與股票超常報酬關係之實證研究;Firm Size, Stock Price, E/P Ratio, Book-to-Market Equity, and Abnormal Stock Returns
Authors:	雷雅淇;Ya-Chi Lei
Contributors:	企業管理研究所
Keywords:	公司規模;股價;益本比;淨值市價比;股票超常報酬;Firm Size;Stock Price;E/P Ratio;Book-to-Market Equity;Abnormal Stock Returns
Date:	2000-06-22
Issue Date:	2009-09-22 14:17:03 (UTC+8)
Publisher:	國立中央大學圖書館
Abstract:	本研究主要基於文獻，以及變數與變數之間的關係：規模為淨值市價比的分母，而公司規模可定義為股價乘以流通在外股數，以及益本比是以股價為分母。所以當公司規模、淨值市價比、益本比、股價高低這四個變數在解釋股票報酬時，可能會產生混淆的效果，為了釐清各變數在解釋股票報酬之貢獻度，遂引發本論文以此四個影響變數為主軸的研究，探討台灣股票上市公司之規模、股價、益本比、淨值市價比與股票報酬之間的關連性。本文利用變異數分析、相關分析及迴歸分析等，來驗證變數個別效果及控制其他變數下之淨效果，研究結果發現股價最能夠解釋股票超常報酬。 This study examines the empirical relation between market value, stock price, book-to-market equity, e/p ratio, and abnormal returns. By applying two-way ANOVA, correlation analysis, and regression analysis, we investigate the individual and net effect of market value, stock price, book-to-market equity, and e/p ratio on the risk-adjusted excess returns. We find stock price is significantly related to returns.
Appears in Collections:	[Graduate Institute of Business Administration] Electronic Thesis & Dissertation

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