中国股市投资者的情商、智商及策略分析研究

发布时间：2018-01-06 08:30

本文关键词：中国股市投资者的情商、智商及策略分析研究　出处：《电子科技大学》2014年硕士论文　论文类型：学位论文

【摘要】：我国股市的发展时间短,但发展速度快,这从表面上看是我国经济快速发展的一个缩影。但从深层次的角度上看,我国股市的快速发展与缓慢的基础建设之间存在着很多的问题,其最根本的问题在股市投资者的投资结构问题。我国是以个体股市投资者为主,机构投资者为辅的投资结构。这使得我国股市的过度波动现象超于其他国家,股市异象影响着股票市场的稳定性。股市投资者在制定投资策略时,会使用到投资智商和投资情商,二者合理的结合可以帮助股市投资者制定出优质的投资策略,获得较高的投资收益。但如果投资情商与投资智商的结合不合理,那么就会产生出很多的问题,像过度自信的心理,从众心理以及对于信息的过度反应或是反应不足等问题。当这些异常的心理现象形成一定的规模,就会产生像过度自信、羊群效应以及过度反应或反应不足等股市异象,造成股价的异常波动,影响股市的稳定性。本文就从股市投资者投资智商和投资情商的角度来研究股市投资者投资策略的制定。智商是由七种能力构成:注意力、记忆力、想象力、观察力、应变能力、思维能力和分析判断能力;而智商是由五种能力构成:自我了解能力、自我管理能力、自我激励能力、了解他人能力以及处理人际关系能力。智商与情商中不同能力的或多或少,都会影响到股市投资者投资策略的制定。而较为常见的,已经形成影响股市异象的过度自信效应、羊群效应和过度反应或反应不足效应就是常见的股市投资者投资情商和投资智商过度结合不当的问题。针对于这个问题,本文采用了问卷调查法,对DY的1000名个体股市投资者进行了问卷调查,并进行了相关性检验和回归分析。并在论文结尾提出了基于股市投资者投资情商、投资智商相结合的股市投资策略制定的建议和对策。
[Abstract]:The development of Chinese stock market is short in time, but rapid in development, which is a microcosm of the rapid economic development in China on the surface, but from a deep perspective. There are many problems between the rapid development of Chinese stock market and the slow infrastructure construction. The most fundamental problem lies in the investment structure of stock market investors. This makes the excessive fluctuation of stock market in our country more than that in other countries. The abnormal phenomenon of stock market affects the stability of stock market. Stock market investors make investment strategy. Will use the investment intelligence quotient and the investment emotion quotient, the two reasonable combination may help the stock market investor to formulate the high quality investment strategy, obtains the higher investment income, but if the investment emotion quotient and the investment intelligence knot is reasonable. Then there will be a lot of problems, such as overconfident psychology, herd psychology and over-reaction to information or insufficient response. When these abnormal psychological phenomena form a certain scale. Stock market anomalies, such as overconfidence, herding and overreaction or underreaction, can lead to abnormal stock price volatility. This paper studies the investment strategies of stock market investors from the perspective of investment IQ and emotional quotient. IQ is composed of seven abilities: attention memory imagination. Ability to observe, adapt, think and analyze; Intelligence quotient is composed of five abilities: self-understanding ability, self-management ability, self-motivation ability, ability to understand others and ability to deal with interpersonal relationship. It will affect the investment strategy of stock market investors, and the more common, has formed the influence of the stock market anomalies of the overconfidence effect. Herd effect and overreaction or underreaction effect are the common problems of excessive combination of investment emotional quotient and investment IQ of stock market investors. In view of this problem, a questionnaire survey method is used in this paper. A questionnaire survey was conducted on 1000 individual stock market investors in DY, and a correlation test and regression analysis were carried out. At the end of the paper, we put forward the investment sentiment quotient (EQ) based on stock market investors. The investment IQ combines the stock market investment strategy formulation suggestion and the countermeasure.
【学位授予单位】：电子科技大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.51

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