本文選題：醫(yī)藥行業(yè) + 股票價(jià)格��； 參考：《北京理工大學(xué)》2015年碩士論文

【摘要】：醫(yī)藥行業(yè)在各國(guó)國(guó)民經(jīng)濟(jì)中有著重要的地位,醫(yī)藥工業(yè)生產(chǎn)總值占國(guó)民生產(chǎn)總值的比重也在不斷的增加。醫(yī)藥上市公司在國(guó)民股票中的地位也是很重要的。因此,正確的分析醫(yī)藥股票價(jià)格的影響具有重要的意義。對(duì)醫(yī)藥行業(yè)的上市公司股票價(jià)格估計(jì),一般分為相對(duì)估值法和絕對(duì)估值法兩種。但是在實(shí)際應(yīng)用中,絕對(duì)估值法在準(zhǔn)確性上比較有限,因此相對(duì)估值法在醫(yī)藥類上市公司的股票價(jià)格研究中有著廣泛的應(yīng)用。而市盈率法就是相對(duì)估值法中應(yīng)用最廣泛的方法之一。本文首先以市盈率作為衡量醫(yī)藥股票價(jià)格的標(biāo)準(zhǔn),市盈率是股價(jià)與每股收益率的比率,可以作為衡量股票價(jià)格是否虛高的標(biāo)準(zhǔn)。因此本文首先研究影響醫(yī)藥行業(yè)市盈率的因素,如:β系數(shù)、固定資產(chǎn)周轉(zhuǎn)率、換手率;其次研究了那些影響醫(yī)藥行業(yè)的特殊因素,如:申請(qǐng)專利數(shù)量、研發(fā)費(fèi)用占營(yíng)業(yè)收入的比例;最后,對(duì)影響醫(yī)藥行業(yè)市盈率的因素進(jìn)行了實(shí)證分析,得出最終的醫(yī)藥行業(yè)上市公司股票市盈率的決定模型。
[Abstract]:The pharmaceutical industry plays an important role in the national economy of various countries, and the proportion of the gross domestic product (GNP) of the pharmaceutical industry is also increasing. Pharmaceutical listed companies in the national stock position is also very important. Therefore, the correct analysis of the impact of pharmaceutical stock prices has an important significance. The stock price estimation of listed companies in pharmaceutical industry is generally divided into two kinds: relative valuation method and absolute valuation method. However, in the practical application, the absolute valuation method is relatively limited in accuracy, so the relative valuation method has been widely used in the research of the stock price of pharmaceutical listed companies. The price-earnings ratio method is one of the most widely used methods in the relative valuation method. In this paper, the price / earnings ratio is the ratio of the stock price to the return per share, which can be used as a measure of whether the stock price is false or not. Therefore, this paper first studies the factors that affect the P / E ratio of the pharmaceutical industry, such as 尾 coefficient, turnover ratio of fixed assets, turnover ratio of the fixed assets, and then studies the special factors that affect the pharmaceutical industry, such as the number of patent applications, Finally, the factors that affect the P / E ratio of the pharmaceutical industry are analyzed empirically, and the final decision model of the P / E ratio of the listed companies in the pharmaceutical industry is obtained.
【學(xué)位授予單位】：北京理工大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2015
【分類號(hào)】：F832.51

【參考文獻(xiàn)】

相關(guān)期刊論文 前1條

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本文編號(hào)：1786779