The Discrimination Classification in the Listed Companies in Accordance with the Market Quality Indexes

Xiangli LI, Shaorong SUN

Abstract


All listed companies in the Shanghai Stock Exchange in 2008 were ranked according to the total market capitalization, the revenue and the net profit. The top 100 listed companies and the countdown listed companies were selected. Then the random 100 listed companies were extracted. The two discrimination classification functions of the listed companies in accordance with the market quality indexes were established by the three types companies as categorical dependent variables and the price impacting index, the liquidity index, the large transaction costs and the excess volatility ratio as the independent variables that were selected among the 11 market quality indexes by the forward stepwise method. The accuracy rate of the discrimination classification functions of the listed companies was 77.74% through verifying by the original back substitution. The classification results were significant. Key words: The price impacting index; The liquidity index; The large transaction costs; The excess volatility ratio; The discrimination classification function

Keywords


The price impacting index; The liquidity index; The large transaction costs; The excess volatility ratio; The discrimination classification function

Full Text:

PDF


DOI: http://dx.doi.org/10.3968%2Fj.mse.1913035X20100404.015

Refbacks

  • There are currently no refbacks.


Reminder

If you have already registered in Journal A and plan to submit article(s) to Journal B, please click the CATEGORIES, or JOURNALS A-Z on the right side of the "HOME".


We only use three mailboxes as follows to deal with issues about paper acceptance, payment and submission of electronic versions of our journals to databases:
caooc@hotmail.com; mse@cscanada.net; mse@cscanada.org

Copyright © 2010 Canadian Research & Development Centre of Sciences and Cultures
Address: 758, 77e AV, Laval, Quebec, H7V 4A8, Canada

Telephone: 1-514-558 6138
Http://www.cscanada.net Http://www.cscanada.org