The Empirical Study Of The Affect Factors About Listed Bank's Market Value In China

As China's capital market "stock tradable" era is coming, the market management has aroused widespread concern related, in our weak efficient capital market, the size of the market value of listed companies is indeed closely related with the stock price ups and downs, but the real decision not the stock market, but stock behind the underlying value of price factors, is the overall quality or value of the company embodies。What factors affect the market value of listed banks on earth, the authors attempt to explore this issue, this paper choose 14 listed banks as the research object, Using factor model as the theoretical basis, empirical analysis of panel data model with a stock market return volatility, the Shanghai government bond market index return volatility, trade-weighted exchange rate fluctuations in the rate of return, deposit and loan interest rates fluctuate the market value of listed banks (stock returns) affect the sensitivity of empirical results show that:the stock market return volatility, fluctuations in interest rates for deposits and loans market value of listed banks significantly affected, and the market value of the bank were 578% and an average of 76% is related to the financial situation from the perspective of banking data model with a cross section of bank is expected to further analysis of the systemic risk factors, evidence that:market volatility of bank profitability, non-performing loan ratio and the bank's high growth will increase the risks banks are facing, and the benchmark stock market risk difference, the article also found through empirical that large banks do not have the advantage of reducing its exposure to stock market risk.