高科技公司投资价值信息识别的实证研究

被引：7

作者：

王咏梅

机构：

[1] 北京大学光华管理学院

来源：

统计研究 | 2003年 / 11期

关键词：

高科技上市公司; 信息识别; 研发密度; 未来成长机会;

D O I：

10.19343/j.cnki.11-1302/c.2003.11.005

中图分类号：

F276.44 [高新技术企业];

学科分类号：

摘要：

The nature of high tech industry is high risk,high return and high growth.Investors need to distinguish its special investment value and growing potential.Based on models to test the relationship between cumulated abnormal return and five independent variables including the structure of ownership,basic situation,R&D intensity,future growth opportunity and current earning index,this paper indicates that the variables representing future growth opportunity play important roles in deciding investment value.Meanwhile,the correlation between CAR and current stock ratio,R&D intensity is evident.The company with high growth flow and low P/E have been considered to be investable most strongly.

引用

页码：23 / 28

页数：6