CPI Research On Fluctuation Effects On The Profitability Of Listed Companies In Xinjiang

CPI is an indicator that inflation can not be bypassed,and companies will adjust their operations after the country has published the CPI index.On the other hand,agriculture in Xinjiang is a basic and pillar industry in Xinjiang.The development of agriculture in Xinjiang and the living standards of the people living in Xinjiang have been steadily improved,which is closely related to the stability and prosperity of Xinjiang.The profitability of Xinjiang agricultural listed companies plays an important role in the healthy and sustainable development of agriculture in Xinjiang.Agricultural listed companies are sensitive to the volatility of the CPI index because of the nature of their business operations.This paper aims to explore the 2005-2015 Xinjiang CPI index fluctuations on the profitability of Xinjiang agricultural listed companies,and the analysis of the CPI changes on the conduction path of profitability over the same period in Xinjiang agricultural listed companies in the same direction or reverse changes,and using the research conclusion,put forward countermeasures in the face of CPI fluctuation should take Xinjiang agricultural listed companies.First of all,the line chart explores the characteristics and causes of fluctuations in CPI,through the main division analysis method to learn the characteristics of the profitability of agricultural listed companies in Xinjiang.Then,the paper puts forward the hypothesis that the CPI volatility is the Grainger cause of the fluctuation of the profitability of the two listed agricultural listed companies in Xinjiang through the unit root test of the panel data,the cointegration test and the Grainger test.Then,the impulse response function is used to explain the impact of CPI on the profitability of the two listed agricultural listed firms in Xinjiang.Finally,the conclusions drawn from empirical analysis and suggestions are put forward.Through this research,the following conclusions: Xinjiang CPI fluctuation Never mind very significant direct and in addition to the new agricultural development and the other four pear shares of Xinjiang agricultural listed company;Xinjiang CPI Grainger causes xinnongkaifa and pear shares overallprofitability volatility;reflect the new agricultural development and pear shares of Xinjiang has about half of the CPI impact lag;effect of Xinjiang CPI on the new agricultural development and pear shares overall profitability,the effect of the new agricultural development lasts about a year,the pear shares about for a year and a half;Xinjiang CPI applied for the new agricultural comprehensive development and profitability of a unit standard deviation is positive the impact in the first half of the year lag,the overall profitability is about a year will be affected by the reverse effect,then gradually restore smooth,effect of Xinjiang CPI on the pear tends to disappear;Applying shares overall profitability of a unit of standard deviation of the positive impact in the first half of the year lag,the overall profitability is about half a year will be affected by the reverse effect,then gradually restore smooth,effect tends to disappear.I hope this research can help the government of Xinjiang and Xinjiang agricultural listed companies to reduce the adverse effects of the rising CPI on corporate profits.