The Influence Of Investment Growth Rate Of Real Estate Corporation In Stock Price

According to the Efficient Market Hypothesis, The price is free to change according to the relevant information; and the information about securities to fully disclose and evenly distributed, which means that Any financing or management behavior of the listing Corporation will reflect in stock price. Corporate investment behavior is refers to the company in order to obtain the proportion and the risk expected return within a certain period of time and its own resources(mainly capital), the investment behavior of enterprises will cover the investment and financing, affect the company's operation and caused stock market for the listing Corporation to re valuation of stocks, resulting in the enterprise the price fluctuation. Western scholars were relatively abundant in the study on stock pricing, providing theoretical and empirical basis like:three factor model, early classical CAPM model and APT. Rearchers have started to study and add different risk factors on stock pricing. Research shows that, in the financing listing Corporation expansion at the same time, the company's stock price will be decreased. Based on the existing research results, using real estate listing Corporation in china as the data sample research on corporate investment behavior to influence stock returns.From the whole article, the time span of data is from 1998 to 2013. Applying asset growth(AG) as the proxies of corporate investment, two pervasive conclusions have been shown as corporate investment behavior and the stock's expected rate of return is negatively related.