摘要
我国股票市场的投资主体以个人投资者占绝大多数,有着较高换手率和市盈率,且信息严重不对称,由此引发了众多“反常”行为。而现代金融理论中的某些经典理论不能对其提出合理的解释,经济预测也常常出现较大的偏差。文章通过对行为金融理论与传统金融理论的比较,以及对行为金融理论模型的介绍和其在我国股票市场运用的实证分析来说明行为金融理论是一种较为有效的分析理论。
In our country＇s stock market,the mass investor is personal investor,transfer rate and payoff rate is high,and information is serious unbalance,caused numerous“abnormal” behaviors.But some classical theory in modern finance theory cans not carry out reasonable explain,the economy forecast show big deviation frequently,the article try to show that behavior finance theory is a effective stock market analysis theory through the comparison between behavior finance theory and traditional finance theory,introduce behavior finance theory mode and its case analysis application in our country＇s stock market.
出处
《广西经济管理干部学院学报》
2005年第3期43-46,共4页
Journal of GuangXi Cadres College of Economic and Management
关键词
行为金融
期望理论
回归分析
behavior finance
expectation theory
regession analysis
