本文選題：銀行業(yè)　切入點(diǎn)：市盈率　出處：《復(fù)旦大學(xué)》2012年碩士論文

【摘要】：隨著我國(guó)資本市場(chǎng)的不斷發(fā)展成熟,投資者理性的投資方式逐步取代傳統(tǒng)非理性的投資思維,投資理念越來(lái)越趨于以上市公司市盈率的分析為主。而銀行業(yè)是我國(guó)金融業(yè)的核心,其穩(wěn)定和發(fā)展對(duì)于國(guó)民經(jīng)濟(jì)起著至關(guān)重要的作用,但我國(guó)銀行業(yè)上市公司的高利潤(rùn)率和低市盈率并存現(xiàn)象一直受到證券分析師和投資者的關(guān)注。本文通過(guò)宏觀及微觀兩個(gè)層面的研究,旨在揭示我國(guó)銀行業(yè)上市公司市盈率的影響因素及其影響程度,并希望為投資者的投資決策提供參考與幫助。 本文共有六章。第一章主要闡述本文的選題背景及意義,研究對(duì)象,目標(biāo)及思路。第二章主要概述了市盈率理論及國(guó)內(nèi)外相關(guān)文獻(xiàn)的回顧。第三章介紹了本文要研究的八個(gè)影響我國(guó)銀行業(yè)上市公司市盈率的因素。第四章詳細(xì)介紹了樣本的選擇,研究變量的計(jì)算方法以及本文的具體分析方法。第五章首先對(duì)我國(guó)銀行業(yè)上市公司市盈率進(jìn)行了描述性的統(tǒng)計(jì)分析,然后進(jìn)行了實(shí)證研究。第六章為本文的研究結(jié)論、難點(diǎn)及局限。 本文在研究中主要分析了影響我國(guó)銀行業(yè)上市公司市盈率水平的四個(gè)宏觀經(jīng)濟(jì)層面因素和四個(gè)上市銀行經(jīng)營(yíng)因素,對(duì)于市盈率的解釋度為84.01%,不足之處在于對(duì)一些如管理人員的管理水平、品牌效應(yīng)、多元化水平等非量化因素未能考慮在內(nèi)。
[Abstract]:With the continuous development and maturity of China's capital market, investors' rational investment mode is gradually replacing the traditional irrational investment thinking. The investment concept is more and more based on the analysis of the price-earnings ratio of listed companies, and the banking industry is the core of our financial industry, and its stability and development play a vital role in the national economy. However, the coexistence of high profit margin and low P / E ratio of listed companies in China's banking industry has always been the concern of securities analysts and investors. The purpose of this paper is to reveal the influencing factors and extent of the price-earnings ratio of listed companies in China's banking industry, and to provide reference and help for investors to make investment decisions. There are six chapters in this paper. The first chapter mainly describes the background and significance of this topic, the research object, The second chapter summarizes the theory of price-earnings ratio and the review of relevant literature at home and abroad. The third chapter introduces the eight factors that this paper will study that affect the price-earnings ratio of listed companies in China's banking industry. Chapter four introduces the selection of samples in detail. The fifth chapter analyzes the price / earnings ratio of listed companies in China's banking industry, and then carries on the empirical research. Chapter 6 is the conclusion of this paper. Difficulties and limitations. In this paper, we mainly analyze four macroeconomic factors and four operating factors of listed banks that affect the level of price-earnings ratio of listed companies in China's banking industry. The explanation of price-earnings ratio is 84.01, but the deficiency is that some non-quantitative factors, such as management level, brand effect and diversification level, can not be taken into account.
【學(xué)位授予單位】：復(fù)旦大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2012
【分類(lèi)號(hào)】：F832.51

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