search query: @indexterm CAPITAL MARKETS / total: 931
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| Author: | Zhao, Yulong Yi, Zong |
| Title: | An empirical study of growth capability of Chinese industries in future: A market perspective (original in Chinese) |
| Journal: | Economic Research Journal (c)
1999 : 6, p.37-44 |
| Index terms: | ECONOMIC GROWTH ECONOMETRIC MODELS CAPITAL MARKETS CHINA |
| Language: | chn |
| Abstract: | The paper derives the coefficient model for enterprises growth from classic model for share pricing and the model for capital-assets pricing, and then has selected 457 s companies as samples from Shanghai and Shenzhen share markets and classified them into 30 industries. On the bases of the net earnings after tax and major business profits, the paper calculates the coefficient for industries growth to find the capital market how to evaluate and price Chinese industries. The experiences and evidences show that the future growth capability of the development zones, foundation facilities, information industries, high technology and agricultural pharmaceutical have got the highest pricing whereas the perspectives of the industries of oil and chemistry, chemical fertilizers been regarded dim. |
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