Study On Correlation Between Invest Value And Stock’s Market Expression Of China Real Estate Industry Listed Companies

The early1980s, a small enterprise started spontaneously issuing stock or bondfunds to social or enterprise internal, and then this range is expanding. In1990, China’ssecurities market became operational. Its development has played a huge role in China’seconomic development, and it improves continuously. But with the mature markets itlags far behind. In the process of development, speculation become the dominant force inthe market, investors think the hype as a profitable way. They don’t care about thedevelopment of the enterprise; don’t care about the operation of the business. Theexpression of stock has separated from the basic level of the companies operation.Speculation has existed for a long time and it is growing, it has severely affected thehealthy development of China’s securities market. This phenomenon has become themost important and most urgent problems in China’s securities market. To deal with thisproblem, we need to use empirical data to confirm the speculation. In this paper, we useempirical analysis and data to illustrate the problem. This article takes a shares listedcompanies in the real estate industry as the research objects, proofs the relationshipbetween the invest value of listed companies in the real estate and expression on stockmarket, tries to reflect the speculative defects of the securities market and then proposessolutions to the proposal.It’s composed of five parts. The introduction introduces the study on backgroundand purpose, describes the related literature, the structure and the perspective. The firstpart introduces invest value of companies and the research way. The second part analyzesthe invest values of the real estate listed companies by way of Factor Analysis. The thirdpart is the critical part, firstly, it delimits related index to the market expression, secondly,it analyzes the relationship between the invest value and expression on stock marketthrough Pearson Correlation coefficient, and then to track how the invest value impact onthe expression in stock market through regression analysis. Part four concludes the article,proposes the research suggestion.This article is not only analyzes invest value of the sample listed companies duringthe recent2years, but also compares with the actual situation. It proofs that there is little relationship between listed companies invest value in the real estate and the expression instock market, which is verified by the third part of this study. It also reflected that thereare so many speculations in the securities market and investor’s invested decisions is notbased on the invest value of listed companies.