技术经济与管理研究
技術經濟與管理研究
기술경제여관리연구
TECHNOECONOMICS & MANAGEMENT RESEARCH
2014年
1期
75-79
,共5页
金融控股公司%财务绩效%利率变动率%指数变动率%汇率变动率
金融控股公司%財務績效%利率變動率%指數變動率%彙率變動率
금융공고공사%재무적효%리솔변동솔%지수변동솔%회솔변동솔
Financial holding company%Financial performance%Changes in interest rates%Changes in the stock index%Changes in exchange rate
金融控股公司专业分工的强化、经营效率、资源共享和财务管理弹性化也是金融控股公司的优势,因此在成立金融控股公司后会替其带来正向绩效。为了解金融控股公司的财务绩效与股价之间的关联性,即各个财务比率对股价是否呈现显著的正负向关系,以提供投资人对金融控股产业股票价格的预期依据。探讨获利性、成长性、规模以及风险性财务指标对股价影响,研究结果发现获利性以及成长性对金控股价有显著影响。将金融控股公司依照其主要业务类型分成保险业、银行业、证券业三大类,可能造成各家金融控股公司的股价报酬率不同,探讨其财务指标在不同主体类型中是否有显著差异。最后,纳入对金融业最重要的三个变动率:利率变动率、指数变动率、汇率变动率进行分析对不同主体金融控股公司股价报酬率的影响。
金融控股公司專業分工的彊化、經營效率、資源共享和財務管理彈性化也是金融控股公司的優勢,因此在成立金融控股公司後會替其帶來正嚮績效。為瞭解金融控股公司的財務績效與股價之間的關聯性,即各箇財務比率對股價是否呈現顯著的正負嚮關繫,以提供投資人對金融控股產業股票價格的預期依據。探討穫利性、成長性、規模以及風險性財務指標對股價影響,研究結果髮現穫利性以及成長性對金控股價有顯著影響。將金融控股公司依照其主要業務類型分成保險業、銀行業、證券業三大類,可能造成各傢金融控股公司的股價報酬率不同,探討其財務指標在不同主體類型中是否有顯著差異。最後,納入對金融業最重要的三箇變動率:利率變動率、指數變動率、彙率變動率進行分析對不同主體金融控股公司股價報酬率的影響。
금융공고공사전업분공적강화、경영효솔、자원공향화재무관리탄성화야시금융공고공사적우세,인차재성립금융공고공사후회체기대래정향적효。위료해금융공고공사적재무적효여고개지간적관련성,즉각개재무비솔대고개시부정현현저적정부향관계,이제공투자인대금융공고산업고표개격적예기의거。탐토획리성、성장성、규모이급풍험성재무지표대고개영향,연구결과발현획리성이급성장성대금공고개유현저영향。장금융공고공사의조기주요업무류형분성보험업、은행업、증권업삼대류,가능조성각가금융공고공사적고개보수솔불동,탐토기재무지표재불동주체류형중시부유현저차이。최후,납입대금융업최중요적삼개변동솔:리솔변동솔、지수변동솔、회솔변동솔진행분석대불동주체금융공고공사고개보수솔적영향。
The strengthening of the financial holding company specialized division of labor, management efficiency, resou-rce sharing and flexible financial management is also the advantage of financial holding company, so after establish the financial holding company can bring forward for its performance. To understand financial holding company of the correlation between finan-cial performance and stock price, namely the financial ratios of shares whether present significant positive and negative to the rel-ationship, to provide investors with financial holding industry based on stock price expectations. To investigate the profitability, growth, size and financial indicators of risk impact on stock prices, researchers found that profitability and growth for financial holdings have a significant effect. In accordance with the financial holding company whose principal business types into insurance, banking, securities three categories, may cause various financial holding company stock returns are different, and explore its main financial indicators in different financial holding companies have a significant difference. Finally, the inclusion of the financial sector three most important change rates: interest rate of change in the index rate of change in exchange rates of change was analyzed on different subjects financial holding company stock returns impact.