The Commodity Price Change And Substantial Evidence Of Monetary Policy And Listed Company Results Research

This thesis combined with commodity price fluctuation, monetary policy and the capital structure of the companies, makes a substantial evidence research on the relation of performance of our listed companies by the research methods of substantial evidence analysis, normative analysis, comprehensive analysis, as well as the combing method of comparative analysis, theoretical analysis and policy design. The main purpose of using the LOS back to return analytical method, classifying according to different trades, is to verify whether there is relativity between the commodity price fluctuation, the monetary policy, the capital structure and the company performance, and what kind of companies are concerned.; whether the relativity is positive or negative, obvious or not, and which type of companies are prominent in the relativity. Based on the above-mentioned analysis, this thesis draws some conclusions as the follows:1. Among the six main profession indexes of our listed companies, the performance index that has the greatest relativity with the commodity price fluctuation and monetary policy of the nation are the equity multiplies and the property liabilities rate. While the relativity between the rates of net profits of property, the property rate of turnover and the variety of the CPI, M₁ is the least. This may result from two points: first, the property liabilities rate and the equity multiplies are seldom influenced by other factors, second, the above two indexes have close relationship to the change of our monetary policy and the variety of the commodity price. At the same time, we also know, the property clean interest rate and the property rate of turnover are affected by many factors. The change of monetary policy and the variety of the commodity price are in inferior position in the change. So, compared with the rights multiple and the property liabilities rate, the relativity between the change of rate of earning, the sale profit, and the change of the CPI and the M₁ becomes less.2. Among the 12 industries in the listed companies of our country, three industries as information industry, wholesale and retails trade, and comprehensive enterprise...