發(fā)布時間：2018-01-19 00:30

  本文關(guān)鍵詞： A股市場 股票估值 價值投資　出處：《蘇州大學(xué)》2013年碩士論文　論文類型：學(xué)位論文

【摘要】：眾所周知，中國資本市場近年來取得了飛速發(fā)展，滬深A(yù)股市場總市值已居全球前幾名。但是中國的股票市場從制度層面上來說還處于起步階段，股票價格波動幅度大，上市公司的市值不穩(wěn)定，時常充斥著泡沫論的質(zhì)疑。在發(fā)展成熟的資本市場中，注重探究上市公司的內(nèi)在價值，注重衡量上市公司的內(nèi)在價值與市值的關(guān)系，這也必然會成為研究中國上市公司的趨勢。然而鑒于中國股票市場的獨特性，生搬硬套西方成熟市場的現(xiàn)有理論是行不通的，因此探索出適合中國市場的股票估值方法就顯得尤為重要，，本文試圖在這一方面做出一點嘗試。本文在介紹和評析現(xiàn)有股票估值理論的基礎(chǔ)上選取了契合A股市場現(xiàn)狀的估值方法并且加以改進，以期增強模型對股價的解釋能力，并且通過市場的實際數(shù)據(jù)對改進后的模型進行了試驗與檢測，取得了較好的結(jié)果。
[Abstract]:As we all know, China's capital market has made rapid development in recent years, Shanghai and Shenzhen A-share market total market value has ranked the first few in the world, but China's stock market from the institutional level is still in its infancy. The stock price fluctuates greatly, the market value of the listed company is unstable, often filled with the query of the bubble theory. In the mature capital market, pay attention to explore the intrinsic value of the listed company. The emphasis on measuring the relationship between the intrinsic value of listed companies and market value will certainly become the trend of studying Chinese listed companies. However, in view of the uniqueness of the Chinese stock market. It is not feasible to apply the existing theories of western mature market mechanically, so it is very important to explore the method of stock valuation suitable for Chinese market. This paper attempts to make a little attempt in this respect. Based on the introduction and evaluation of the existing stock valuation theory, this paper selects and improves the valuation method which fits the current situation of A-share market. In order to enhance the explanatory ability of the model to the stock price, and through the actual data of the market, the improved model is tested and tested, and good results are obtained.
【學(xué)位授予單位】：蘇州大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2013
【分類號】：F832.51

【參考文獻】

相關(guān)碩士學(xué)位論文 前2條

1 胡建波;剩余收益模型的改進探析[D];江西財經(jīng)大學(xué);2010年

2 蔣乾;A股上市銀行估值及投資策略優(yōu)化研究[D];天津大學(xué);2010年

本文編號：1441877