上市公司四大能力对股价的影响实证研究
An Empirical Study on the Impact of the Four Capabilities of Listed Companies on Stock Prices

本研究实证分析了上市公司四大能力——盈利能力、偿债能力、营运能力、发展能力对股价的影响。结果显示，这四大能力均对股价有显著影响。盈利能力直接关联公司价值，偿债能力反映公司财务稳健性，营运能力体现管理效率，发展能力预示未来增长潜力。综合考量这些能力，投资者可更准确地评估公司价值，作出投资决策。
This study empirically analyzes the impact of four major capabilities of listed companies—profitability, solvency, operational capability, and development capability—on stock prices. The results show that all four capabilities have a significant impact on stock prices. Profitability is directly related to company value, solvency reflects the financial stability of the company, operational capability demonstrates management efficiency, and development capability indicates future growth potential. By comprehensively considering these capabilities, investors can more accurately assess company value and make investment decisions.