ANALYSIS INTERNAL AND EXTERNAL FACTORS TOWARD STOCK PRICE AT MANUFACTURING INDUSTRY IN CHINA

Abstract

The price of stocks is different from general physical commodities, and it has special decisions and influencing factors. Generally speaking, the factors that affect stock prices include both internal and external factors toward stock price at manufacturing industry in China. In order to study the internal and external factors affecting China stock price, the sample of this research is selected from 5 companies in China from 2009-2018. In this study, a multiple regression model method was used to perform a t-test on the model representing the consensus to obtain a significance level, and an f-test to determine the significance level of each factor on China's manufacturing stocks. Then use SPSS model to verify the relationship of these factors to Chinese manufacturing stocks. Obtained the results from multiple regression test which shows that earning per share, gross domestic product have the positive influence China stock price, while assets liability ratio and customer price index have no influence on China stock price.