本文选用实证研究的方法,对2008年到2009年间我国上市公司发行可转换债券后的长期股票市场的价格进行了分析。通过计算发行前后的累计异常收益率以及检验其是否通过了显著性检验,得出的结论是,发行可转换债券公司的长期股票价格在绩效上要比同时期的平均市场水平要好,公司选择发行可转换债券来筹集资本,在一定程度上可以刺激公司的股票价格水平的上升。 This paper selects the empirical research method to analyze the price of the long-term stock market after China’s listed companies issued convertible bonds from 2008 to 2009. By calculating the cumulative abnormal return before and after the issuance and testing whether it passed the significance test, the conclusion is that the long-term stock price of the company issuing convertible bonds is better than the average market level of the same period, and the company chooses to issue Convertible bonds to raise capital, to some extent, can stimulate the company’s stock price level rise.