Title :
Research on influencing factors of price-earning ratio of individual stock in China
Author_Institution :
Sch. of Econ. & Manage., Henan Polytech. Univ., Jiaozuo, China
Abstract :
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 Shanghai 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 2005-2008 periods with variable intercept model. The possible reason of theoretical deviations from analysis results is explained.
Keywords :
pricing; stock markets; China individual stock; Shanghai stock exchange; dividend discount model; influencing factors; price-earning ratio; variable intercept model; Analytical models; Companies; Data models; Estimation; Indexes; Mathematical model; Stock markets; Listed Companies; Price-Earning Ratio; affecting factor; panel data model;
Conference_Titel :
Artificial Intelligence, Management Science and Electronic Commerce (AIMSEC), 2011 2nd International Conference on
Conference_Location :
Deng Leng
Print_ISBN :
978-1-4577-0535-9
DOI :
10.1109/AIMSEC.2011.6010260
