本文關(guān)鍵詞： 供求關(guān)系 股票市場 價格波動　出處：《暨南大學(xué)》2013年碩士論文　論文類型：學(xué)位論文

【摘要】：隨著股票市場在我國金融市場中地位的不斷提高，股票市場價格波動對宏觀經(jīng)濟的影響一直受到管理層和學(xué)術(shù)界的關(guān)注，當前我國股票市場無論在參與者人數(shù)，還是在上市公司數(shù)量方面，，都已今非昔比。本文結(jié)合當前股票市場供求關(guān)系現(xiàn)狀，從供給與需求兩個方面討論了影響我國股票市場價格波動的影響因素并進行了研究和檢驗，探討了股票市場和宏觀經(jīng)濟之間的傳導(dǎo)機制，并對規(guī)范市場發(fā)展提供了相關(guān)的政策建議，揭示了股票市場波動對宏觀經(jīng)濟的深遠影響。 本文主要從市場供求關(guān)系分析的視角闡釋了影響我國股票市場波動的主要作用機制。研究發(fā)現(xiàn)，供求關(guān)系影響因素在股票市場價格波動中至關(guān)重要。影響股票價格波動的因素很多，通過對影響因素進行供給和需求的劃分，同時引入到股票資產(chǎn)的供求分析中，進而構(gòu)建股票價格的相對變化和股票供需缺口之間的正比關(guān)系模型，從而把股票供給和需求兩個方面因素結(jié)合在一起得到了簡化形式的二階差分方程，根據(jù)差分方程穩(wěn)定性條件，推出了影響我國股票市場穩(wěn)定性的重要因素和防范市場大幅波動的條件。差分方程的穩(wěn)定構(gòu)成了供需之間實現(xiàn)均衡的重要條件，文章以此為重要前提進行了深入的討論。本文以我國上證指數(shù)為樣本，以國泰安提供的數(shù)據(jù)為依據(jù)，采用多元線性回歸等方法，對影響因素的顯著性進行了檢驗和分析。 通過以上從供求關(guān)系的視角對股票市場價格波動的研究，本文結(jié)合全文的分析過程給出了穩(wěn)定我國股票市場、防范大幅波動的政策建議，同時對當前市場價格波動研究提供了一個研究思路和合理解釋，最后對本文研究的不足和未來進一步研究方向進行了總結(jié)和分析。
[Abstract]:With the increasing position of stock market in Chinese financial market, the impact of stock market price fluctuation on macro economy has been concerned by management and academic circles. At present, the number of participants in stock market in our country is no matter the number of participants. In terms of the number of listed companies, this paper discusses the factors that affect the price fluctuation of the stock market in China from the two aspects of supply and demand, combining with the current situation of supply and demand in the stock market. This paper probes into the transmission mechanism between the stock market and the macro economy, and provides relevant policy suggestions for regulating the development of the market, and reveals the profound influence of the stock market fluctuation on the macro economy. From the perspective of market supply and demand analysis, this paper explains the main mechanism that affects the volatility of stock market in China. The influence factors of supply and demand are very important in the price fluctuation of stock market. There are many factors that influence the fluctuation of stock price. By dividing the factors of supply and demand, it is introduced into the analysis of the supply and demand of stock assets at the same time. Then a model of the proportional relationship between the relative change of stock price and the gap between supply and demand of stock is constructed, and then the simplified second-order difference equation is obtained by combining the two factors of stock supply and demand. According to the stability conditions of the difference equation, the important factors affecting the stability of the stock market in China and the conditions to prevent the large volatility of the stock market are deduced. The stability of the difference equation constitutes the important condition for achieving the equilibrium between supply and demand. Based on the data provided by Guotai'an, this paper tests and analyzes the significance of the influencing factors by using multiple linear regression method and so on, taking the Shanghai Stock Exchange Index as the sample and the data provided by Cathay Tai'an as the basis. Through the above research on the stock market price fluctuation from the angle of supply and demand, this paper gives some policy suggestions to stabilize our stock market and guard against the large fluctuation, combined with the analysis process of the full text. At the same time, it provides a research idea and reasonable explanation for the current market price fluctuation research, and finally summarizes and analyzes the deficiency of this paper and the future research direction.
【學(xué)位授予單位】：暨南大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2013
【分類號】：F832.51;F224

【參考文獻】

相關(guān)期刊論文 前10條

1 陳靜;李漢東;;中國市場匯率變動與股票市場價格波動的相關(guān)性研究[J];北京師范大學(xué)學(xué)報(自然科學(xué)版);2008年06期

2 魏杰，徐有柯;中國資本市場發(fā)育中的缺陷及其基本架構(gòu)選擇[J];長白學(xué)刊;1996年05期

3 謝佩洪;王在峰;;基于制度基礎(chǔ)觀的ICP范式的構(gòu)建及其分析——對我國企業(yè)多元化經(jīng)營的剖析[J];財經(jīng)科學(xué);2008年02期

4 唐平;劉燕;;基于宏觀經(jīng)濟變量的中國股市波動分析[J];財經(jīng)科學(xué);2008年06期

5 劉勇;;銀行業(yè)產(chǎn)業(yè)組織研究:綜述與展望[J];財經(jīng)問題研究;2007年03期

6 段小茜;;國內(nèi)外金融穩(wěn)定有關(guān)問題研究進展與述評[J];財貿(mào)經(jīng)濟;2006年07期

7 晏宗新;銀行業(yè)的管制與競爭:產(chǎn)業(yè)組織分析[J];產(chǎn)業(yè)經(jīng)濟研究;2005年04期

8 鄒輝文,謝勝強,湯兵勇;股票價格的波動機理與股市政策對股價波動的影響[J];東華大學(xué)學(xué)報(社會科學(xué)版);2005年03期

9 楊棟;張建龍;張小濤;;“大小非”解禁沖擊了中國證券市場嗎[J];當代經(jīng)濟科學(xué);2009年02期

10 黃建歡;尹筑嘉;;解禁特征、市場環(huán)境與公司績效:市場反應(yīng)的影響因素研究[J];當代經(jīng)濟科學(xué);2009年05期

相關(guān)博士學(xué)位論文 前1條

1 方毅;股市行為特征研究[D];吉林大學(xué);2008年

本文編號：1537194