本文關(guān)鍵詞： A股市場(chǎng) 股票估值 價(jià)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(guó)資本市場(chǎng)近年來(lái)取得了飛速發(fā)展，滬深A(yù)股市場(chǎng)總市值已居全球前幾名。但是中國(guó)的股票市場(chǎng)從制度層面上來(lái)說(shuō)還處于起步階段，股票價(jià)格波動(dòng)幅度大，上市公司的市值不穩(wěn)定，時(shí)常充斥著泡沫論的質(zhì)疑。在發(fā)展成熟的資本市場(chǎng)中，注重探究上市公司的內(nèi)在價(jià)值，注重衡量上市公司的內(nèi)在價(jià)值與市值的關(guān)系，這也必然會(huì)成為研究中國(guó)上市公司的趨勢(shì)。然而鑒于中國(guó)股票市場(chǎng)的獨(dú)特性，生搬硬套西方成熟市場(chǎng)的現(xiàn)有理論是行不通的，因此探索出適合中國(guó)市場(chǎng)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(diǎn)嘗試。本文在介紹和評(píng)析現(xiàn)有股票估值理論的基礎(chǔ)上選取了契合A股市場(chǎng)現(xiàn)狀的估值方法并且加以改進(jìn)，以期增強(qiáng)模型對(duì)股價(jià)的解釋能力，并且通過(guò)市場(chǎng)的實(shí)際數(shù)據(jù)對(duì)改進(jìn)后的模型進(jìn)行了試驗(yàn)與檢測(cè)，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(jí)別】：碩士
【學(xué)位授予年份】：2013
【分類號(hào)】：F832.51

【參考文獻(xiàn)】

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(jìn)探析[D];江西財(cái)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(hào)：1441877