本文選題：DEA + 綜合估值要素��； 參考：《中國管理科學(xué)》2012年03期

【摘要】：本文從綜合估值要素和相對(duì)動(dòng)態(tài)估值的視角,基于有效市場中的每一只股票都應(yīng)被合理估值的思想,提出了一個(gè)體現(xiàn)綜合、相對(duì)和動(dòng)態(tài)評(píng)估思想的DEA估值效率模型和市場估值無效指數(shù),據(jù)此可以計(jì)量分析市場估值效率、市場估值偏好等市場運(yùn)行特征和演變規(guī)律。以深交所行業(yè)分類指數(shù)為樣本的實(shí)證分析結(jié)果顯示,它比市盈率等傳統(tǒng)指標(biāo)更全面地反映出市場及內(nèi)部各行業(yè)相對(duì)估值效率的特征和變化趨勢。
[Abstract]:In this paper, from the perspective of comprehensive valuation elements and relative dynamic valuation, based on the idea that every stock in an efficient market should be reasonably valued, a comprehensive approach is proposed.The DEA valuation efficiency model and the market valuation invalid index based on the relative and dynamic evaluation ideas can be used to measure and analyze the market operating characteristics and evolution rules such as market valuation efficiency and market valuation preference.The empirical analysis of Shenzhen Stock Exchange shows that it reflects the characteristics and trends of relative valuation efficiency of market and internal industries more comprehensively than traditional indexes such as price-earnings ratio.
【作者單位】： 中國計(jì)量學(xué)院經(jīng)濟(jì)與管理學(xué)院;
【基金】：國家自然科學(xué)基金項(xiàng)目資助(70873115,71173203) 浙江省高校人文社科重點(diǎn)研究基地資助 浙江省哲學(xué)社會(huì)科學(xué)重點(diǎn)研究基地資助
【分類號(hào)】：F832.51

【參考文獻(xiàn)】

相關(guān)期刊論文 前4條

1 易榮華,達(dá)慶利;基于DEA的股票相對(duì)投資價(jià)值評(píng)價(jià)與投資策略研究[J];東南大學(xué)學(xué)報(bào)(哲學(xué)社會(huì)科學(xué)版);2004年05期

2 劉q，

本文編號(hào)：1756811