基于主成分分析的股价因素分析

发布时间：2018-03-18 21:27

本文选题：股票市场价格　切入点：主成分分析　出处：《兰州大学》2013年硕士论文　论文类型：学位论文

【摘要】：我国股票市场自1990年代成立至今取得了一定的成就,至今已有2000多家公司在沪深两市上市,形成一定规模。但是,我国股票市场由于起步晚,与发达国家股票市场相比,仍存在很多问题,需要进一步探讨研究。因此,本文以股票市场为对象,研究影响股票市场价格的因素。本文首先对国内外学者关于股票价格影响因素的研究进行了综述,在此基础上提出了文章的理论观点,将影响股票价格的因素归纳为宏观因素、行业因素和微观因素三大类,其中宏观因素包括国家政治因素、货币供应量、通货膨胀和汇率水平等,行业因素包括经济周期和行业生命周期等,微观因素包括公司盈利能力、偿债能力、发展能力和营运能力等。本文采用定量分析方法,搜集了2012年我国沪深两市2000多家上市公司股票相关数据,以股票价格为因变量,以总资产增长率、资产剧转率、流动比率、每股收益率和负债比率等作为自变量,对数据进行了主成分分析法和线性回归分析,并通过结果分析对文章观点进行验证。
[Abstract]:China's stock market has made some achievements since its establishment in the 1990s. So far, more than 2000 companies have been listed in the Shanghai and Shenzhen stock markets, forming a certain scale. However, due to the late start of the stock market in China, compared with the stock markets in developed countries, There are still many problems, which need to be further studied. Therefore, this paper takes the stock market as an object to study the factors that affect the price of stock market. Firstly, this paper summarizes the research on the influencing factors of stock price by domestic and foreign scholars. On this basis, the paper puts forward the theoretical point of view of the article, the factors that affect the stock price are classified into three categories: macro factor, industry factor and micro factor, among which macro factors include national political factor, money supply factor, and so on. Inflation and exchange rate level, industry factors include business cycle and industry life cycle, micro factors include profitability, solvency, development ability and operation ability, etc. The quantitative analysis method is used in this paper. In 2012, more than 2 000 listed companies in Shanghai and Shenzhen stock markets were collected, with stock price as dependent variable, total asset growth rate, asset turnover rate, current ratio, yield per share and debt ratio as independent variables. The data are analyzed by principal component analysis and linear regression analysis.
【学位授予单位】：兰州大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F832.51;F224

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