EVA与股票超额风险溢价的相关性研究——基于投资者角度的中期报告.docxVIP

EVA与股票超额风险溢价的相关性研究——基于投资者角度的中期报告 摘要： 本文以投资者角度出发，探讨企业价值创造能力与股票超额风险溢价之间的相关性。研究以经济增值（EVA）作为企业价值创造能力的衡量指标，以股票超额风险溢价作为股票市场的风险指标。研究发现，EVA与股票超额风险溢价存在显著的负相关关系。进一步分析表明，在不同的行业中，EVA与股票超额风险溢价的相关性存在差异，其中高科技行业的相关性最为显著。 关键词：经济增值，股票超额风险溢价，企业价值创造能力 Abstract： This paper explores the correlation between a companys value creation ability and stock market risk premium from the perspective of investors. The study uses economic value added (EVA) as the measure of a companys value creation ability and stock market risk premium as a measure of market risk. The results show a significant negative correlation between EVA and stock market risk premium. Further analysis shows that there are differences in the correlation between EVA and stock market risk premium in different industries, and the correlation in the high-tech industry is the most significant. Keywords: economic value added, stock market risk premium, value-creation ability