基于剩余收益模型的上市行業(yè)價值研究——以我國制造業(yè)為例.pdf

1、中山大學碩士學位論文基于剩余收益模型的上市行業(yè)價值研究——以我國制造業(yè)為例姓名：徐煜申請學位級別：碩士專業(yè)：金融學指導教師：陳浪南20080528ResidualIncomeModelforEValuatingtheIntrinsicVralueofStockListedIndustriesAnEmpiricalAnalysisofChina’sManufacturingIndustrvVMajor：FinanceName：XuyuSu

2、pervisor：ProfessorChenLangnanAbstractAlon2withthediversificationofCIlina’ssecuritiesmarketinrecentVears，雒weUaswiththeirratioIlalspeculationsiIlthemarket，corporateval咖ionhasbecomeacriticalissuefIorn1肛nerouspublicinvestors

3、Compa】edwithasinglefim’sinl：rinsicvalue，valuationofanentireindustrVismorerepresentativeandmorereferableTllisthesiswillcar珂outthestudyonval刪ionofChina’smanufacturingindustrybymeansoftheResidualIncomeModelasproposedbyOhlso

4、n7rheresultoftheval刪iondemonstratesthatattheendof2006，theweightedaveragepricepershareofthelistedmaIluflacturingfinIlsinChina’sstockmarketbasicanyreflectsthe、vholeindllstnr’sintrinsicvalue，bmwitllinnleindustrythereisobvio

5、usstmcnlralimbalance鋤ongthesub—industriesBasedonResiduaIIncomeTheory，thispapermakessomeadaptationst0theFOmodelfromtheperspectiVeofawholeiIldustry，themethodofwhichcanbeuSedforreferencefortheapplicationofResidualIncomeMode

6、linotherfieldsTheresultofthevaluationaIsoprovidestheinvestors、ⅣithadefiIlites切ndardoftheintrinsicvalueofthem砌mfacnlringindustryanditssIlbindustries，whichcanpromotethevalueorientedinvestingstr乏negyandprevemexorbit鋤specula