The Research on Influencing Factors of Stock Price Fluctuation of Listed Companies in China Based on PCA-Multiple Regression - Open Journal of Social Sciences

JSS > Vol.9 No.3, March 2021

Volume 9, Issue 3 (March 2021)

ISSN Print: 2327-5952 ISSN Online: 2327-5960

Google-based Impact Factor: 0.73 Citations

The Research on Influencing Factors of Stock Price Fluctuation of Listed Companies in China Based on PCA-Multiple Regression ()

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Download as PDF (Size: 252KB) PP. 305-315

DOI: 10.4236/jss.2021.93020 538 Downloads 2,634 Views Citations

Author(s)

Yan Ma

Affiliation(s)

Faculty of Accounting, Anhui University of Finance and Economics, Bengbu, China.

ABSTRACT

Taking the transportation industry as an example, aiming at the research problem of influencing factors of stock price fluctuation of listed companies in China, this paper selects 70 listed companies from A-share companies of Shanghai Stock Exchange, eliminates ST companies and companies with incomplete data, and takes the average closing price of each trading day of the remaining 63 listed companies from May 1 to June 30, 2020 as the explanatory variable. After that, the principal component comprehensive evaluation method is used to calculate the main factors affecting the stock price fluctuation of listed companies in the transportation industry as the explanatory variable. Eviews9.0 was used to carry out multiple linear regression analysis on the data, and the analysis results showed that the index data related to debt paying ability, asset appreciation ability and profitability were important factors affecting the stock price fluctuations of the listed companies in the transportation industry.

KEYWORDS

Stock Price, Financial Indicators, Panel Data, Principal Component Regression

Share and Cite:

Ma, Y. (2021) The Research on Influencing Factors of Stock Price Fluctuation of Listed Companies in China Based on PCA-Multiple Regression. Open Journal of Social Sciences, 9, 305-315. doi: 10.4236/jss.2021.93020.

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