中国股票市场泡沫度量——基于流通股内在价值分析
发布时间：2019-05-17 07:04
【摘要】：中国股市的泡沫是否特别严重,需要通过合理的定量方法对股市泡沫大小进行度量才能得出结论。考虑到中国上市公司股本结构比较特殊,公司价值不能直接用以衡量股市泡沫,先运用剩余收益模型评估上市公司内在价值,然后在此基础上分离出流通股内在价值,以度量历年中国股市泡沫大小。研究结果表明,中国股市的泡沫并不是特别严重。
[Abstract]:Whether the bubble of Chinese stock market is particularly serious or not requires a reasonable quantitative method to measure the size of the bubble in order to draw a conclusion. Considering that the equity structure of listed companies in China is relatively special, the value of companies can not be directly used to measure the stock market bubble. First, the residual income model is used to evaluate the intrinsic value of listed companies, and then the intrinsic value of tradable shares is separated. To measure the size of the bubble in China's stock market over the years. The results show that the bubble in the Chinese stock market is not particularly serious.
【作者单位】： 江西财经大学金融与统计学院;江西财经大学公共管理学院;
【分类号】：F224;F832.51
[Abstract]:Whether the bubble of Chinese stock market is particularly serious or not requires a reasonable quantitative method to measure the size of the bubble in order to draw a conclusion. Considering that the equity structure of listed companies in China is relatively special, the value of companies can not be directly used to measure the stock market bubble. First, the residual income model is used to evaluate the intrinsic value of listed companies, and then the intrinsic value of tradable shares is separated. To measure the size of the bubble in China's stock market over the years. The results show that the bubble in the Chinese stock market is not particularly serious.
【作者单位】： 江西财经大学金融与统计学院;江西财经大学公共管理学院;
【分类号】：F224;F832.51
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