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文主要研究如何用Ohlson模型对中国银行业上市公司进行股权价值评估以及检验Ohlson模型在中国资本市场的适用性,并找出影响估值的各项因素。论文还介绍了Ohlson模型的基本形式和三个假设。并选取2007年至2012年的中国上市银行的股票价格与估值进行了对比,选择会计因素和非会计因素与估值进行了相关性检验,得出影响估值和银行业发展的因素。
The paper mainly studies how to use Ohlson model to evaluate the value of equity of China’s listed banks and to test the applicability of Ohlson model in China’s capital market and find out the factors that influence the valuation. The paper also introduces the basic form and three hypotheses of Ohlson model. And compares the stock price of China’s listed banks from the valuation between 2007 and 2012. The paper chooses the accounting factors and non-accounting factors to test the correlation between the stock price and the valuation, and obtains the factors that influence the valuation and the banking development.