本文關(guān)鍵詞： 股票價格 形成機(jī)制 價格波動 資本論　出處：《武漢工程大學(xué)》2013年碩士論文　論文類型：學(xué)位論文

【摘要】：馬克思在《資本論》中闡述了虛擬資本的基本理論，從對以股票為代表的虛擬資本的運行特點分析中，提到股票的價格：“股票價格在很大程度上是由預(yù)期利潤決定的，它通過股票供求在股票市場上反映出來”。 股票市場行情中最活躍的部分是股票價格。很大程度上，股票價格的的穩(wěn)定與否直接影響到股票市場中行情的穩(wěn)定。同時，它又是最重要的股市信號和掌握股市資金流量方向與速度的操控桿。我國的股票市場要保持高效和穩(wěn)定，就需要有一個完善的股票市場價格形成機(jī)制，這樣，才會有公平合理的股票價格。所以，股票市場是否成熟的標(biāo)志之一就是是否具有其完善的股票價格形成機(jī)制。 由此，系統(tǒng)全面地分析股票市場的價格形成及機(jī)制，準(zhǔn)確掌握股市價格的波動規(guī)律，改善影響股票價格的相關(guān)政策，對投資者理性判斷，國家合理調(diào)控股市使股票市場合理發(fā)展都具有重要的理論與現(xiàn)實意義。論文以系統(tǒng)分析的角度出發(fā)，從宏觀經(jīng)濟(jì)形勢、宏觀調(diào)控政策、上市公司績效與行為和投資者與群體行為等方面系統(tǒng)分析了股票市場價格形成機(jī)制中存在的問題與原因。 最后，對改善股票市場價格形成機(jī)制的相關(guān)問題給出政策性建議，希望政府改善自身在股票市場中的定位，消除群體性非理性行為，建立誠信市場完善投資者保護(hù)機(jī)制，并強(qiáng)化相關(guān)部門在制度上的配套改革，以求進(jìn)一步完善我國股票市場價格形成機(jī)制，，保障中國股票市場健康、穩(wěn)定發(fā)展。
[Abstract]:Marx explained the basic theory of fictitious capital in Capital, and analyzed the operation characteristic of fictitious capital represented by stock. When it comes to the price of stocks: "Stock prices are largely determined by expected profits, which are reflected in the stock market through the supply and demand of stocks." The most active part of the stock market is the stock price. To a large extent, the stability of the stock price directly affects the stability of the stock market. At the same time. It is also the most important signal of the stock market and a lever to master the direction and speed of the stock market flow. In order to maintain the efficiency and stability of the stock market in our country, we need a perfect stock market price formation mechanism. Therefore, one of the signs of the maturity of the stock market is whether it has its perfect stock price formation mechanism. Therefore, the paper systematically and comprehensively analyzes the price formation and mechanism of the stock market, accurately grasps the fluctuation law of the stock market price, improves the related policies that affect the stock price, and judges the investors rationally. The rational regulation of the stock market by the state has important theoretical and practical significance. This paper starts from the point of view of system analysis, from the macroeconomic situation, macro-control policy. This paper systematically analyzes the problems and causes in the stock market price formation mechanism from the aspects of performance and behavior of listed companies and investor and group behavior. Finally, to improve the stock market price formation mechanism of the relevant issues put forward policy recommendations, hoping that the government to improve its own position in the stock market, eliminate group irrational behavior. In order to further improve the price formation mechanism of China's stock market and ensure the healthy and stable development of China's stock market, we should set up a credit market to perfect the investor protection mechanism and strengthen the institutional reform of the relevant departments in order to further improve the price formation mechanism of our country's stock market.
【學(xué)位授予單位】：武漢工程大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2013
【分類號】：F832.51

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