| At present, China is facing the problem of the environment is more and more serious, the pressure of energy saving and emission reduction is huge. Environmental pollution has seriously affected the daily life of residents in our country, become the obstacles of sustainable and healthy development of national economy. It is imperative to promote energy conservation and environmental protection. Energy saving environmental protection industry is one of the seven strategic emerging industry of our country "twelfth five-year" plan, in the period of rapid development, the government in energy saving and environmental protection industry funding and policy support is increasing continuously, which provides excellent opportunities for development for the relevant energy-saving environmental protection plate listing Corporation., The attention of investors for listed companies in energy conservation and environmental protection is increasing gradually. Along with the securities market in our country standard and mature, investors are paying more attention to the financial information of listed companies and investment value. Stock price fluctuation is influenced by many factors, of all the open information the financial indicators of listed companies is the most accessible and can be quantified, therefore the financial indicators become the important reference factors of investors to invest. Learn from research the company’s financial indicators impact on stock prices, construct relevant financial indicator system, Research on energy conservation and environmental protection in our country the financial indicators of listed companies affect stock prices, hope to provide some reference to investors to invest in energy saving and environmental protection listing Corporation stock.First introduce the research background and the practical significance and the theory significance, and discusses the current situation of research on the relationship between financial information and stock prices at home and abroad, puts forward the main research contents and research methods. Then, introduce the theories and concepts, such as the random walk theory, efficient market hypothesis and modern portfolio theory. The energy conservation and environmental protection industry in China is studied and its current development status of listed companies as well as the factors affecting the development of energy conservation and environmental protection industry listed companies. Then empirical analysis, in the process of concrete research, this paper selected the2011to2013energy-saving environmental protection listing corporation’s financial indicators and from2012to2014each year in April30th to June30th the average price between the stock after the restoration of rights as basic data,.In the analysis, use statalO software to descriptive statistics analysis, correlation analysis, factor analysis and stepwise regression method to do multiple linear regression analysis of financialindicators and stock price. Through analysis, it is concluded that the financial indicators of the impact of stock price, which, on behalf of the profitability of the financial indicators of the impact of stock prices is the largest, but overall financial indicators for the interpretation of the stock price level is not strong, this may be due to the stock price is not only influenced by the company’s financial factors, also affected by the non-financial factors. Finally, combined with the result of analysis in this paper and the future trend of the development of energy conservation and environmental protection industry, put forward some suggestions for the development of China’s energy saving and environmental protection of the listing Corporation. |
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