Guangxi Listed Company's Share Price Performance And Financial Condition Of The Relationship Between The Study

In recent years, rapid development of China's stock market, China's stock market and investors have reached an unprecedented scale. Stock price as an external signal, fluctuating around the value of the company. In order to fully understand and can explain and expected stock price, the market is largely based on investors in publicly listed companies to invest in financial reporting and decision-making. Listed companies in different types of external reporting, corporate annual financial report communicated to the stock market, financial information, and financial indicators is the concentration of financial reporting, financial condition and stock price and thus study the relevance of it is very necessary. In this paper, stock market,2001-2010 Guangxi years of financial data is analyzed, focusing on analysis of financial condition of listed companies in Guangxi and the relationship between stock price performance. This article uses statistical software SPSS 13.0, theoretical and operability are strong Olsen (Feltham-Ohlson) model, based on extraction of Guangxi, the stock market listed companies in 2001-2010 accounting data for the sample with the stock market in Guangxi characteristics of empirical research. The empirical analysis conducted in two parts. In the empirical part, the share price as the dependent variable, the first two model-based system F-O based financial indicators earnings per share and net assets per share as the independent variable, then adding cash flow targets. Two variables were established and three variable pricing model for correlation and regression analysis and compared to distinguish Gongchu affect the company's stock price of primary and secondary financial indicators; evidence for the second part of the model variables to expand, adding a variable to reflect the outstanding shares of the market accounted for ratio, size and other indicators started to expand research, study and analysis of these indicators added after pricing model to explain the significance and power of the degree of change. The article finally concludes and outlier analysis and interpretation. Based on the above five indicators and the correlation between stock prices and regression analysis, verification Feltham-Ohlson model, the applicability of the stock market in Guangxi, Guangxi,26 listed companies to reveal the financial condition and stock price between the laws. Finally, to determine the impact on stock prices of listed companies in Guangxi the major factors and secondary factors, for Guangxi's investment and construction companies to make recommendations for investors and operators of the decision-making.