Empirical Research On The Effect Between The Growth Of The Listed Company And The Stock Price In The Short And Long Term

With the establishment of main board, small and medium-size enterprise board and growth enterprise board, the multi-level capital market has been formed in China today. It can meet the fund demands of different corporations. The pricing function of capital market is very important as it can lead the capital to the excellent companies.In this paper the author picks the sample companies from these three boards respectively to analyze the relation between stock price and corporate performance. The increases of revenue, net profit and net asset are the independent variables, and the increase of stock price is the dependent variable. Then the arbitrage pricing model is established to use stepwise regression method.Using the increases as the variables is the innovation of this paper. Introducing the stock composite index as the variable wasn't involved before.From the analysis, we found the relation between the increase of net asset and stock price is more stronger than else. In a short time, the relation maybe is weak, the stock price is influenced by the external environment mainly. But in a long time, the relation becomes strong. The stock price of the company with nice performance is higher than the inferiors.