文档介绍：本科毕业论文(设计)
题目市盈率对股票市场成交量的影响
——以沪市A股为例
学院经济管理学院
专业金融学
年级
学号
姓名
指导教师副教授
成绩
目录
摘要 2
Abstract 2
引言 3
1股票市场市盈率对股票成交额的理论分析 3
2上海A股市场实证研究分析 5
5
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6
7
7
8
…..11
3结论与政策含义 ……………………………………………………………..13
参考文献 .15
致谢 16
市盈率对股票市场成交量的影响
——以沪市A股为例
西南大学经济管理学院,重庆 400715
摘要:本文基于中均价格以及货币供应量对股票成交额的影响。研究结论是:在长期,市盈率对股票成交量的影响具有负向作用关系,而股票平均价格和货币供应量对股票成交量的影响呈现正向作用关系。市盈率与成交量的负向关系说明我均价格和货币供应量与成交量的长期关系符合经济原理,说明我国货币政策有效影响我国股票市场。在短期,市盈率对股票成交量仍然具有负向作用关系,股票平均价格呈现正向作用关系,但货币供应量呈现负向作用关系,这说明我国货币政策在实施过程中存在明显的时滞问题。
关键词:沪市A股;市盈率;股票平均价格;货币供应量;成交量
The Impact of Price-earning Ratio to Volume in the Stock Market
Shanghai Stock Market as an Example
Wu Xuanling
College of Economics and Management, Southwest University, Chongqing 400175, China
Abstract: This paper is a empirical research which based on the data of the Chinese A-share market analysed the impact of the price-earnings ratio, average price of the stock market and money supply . the conclusions are: In the long term, price-earnings ratio and volume have a negative relationship, but average price of the stock and money supply show a positive relationship. the negative relationship between Price-earnings ratio and the volume illuminates that China’s price-earnings ratio is not in the normal range; the long-term relationship of the average price of the stock market and money supply and volume is according with economic principles, and it illuminates China’s ary policy has an effective impact on China’s stock market. In the short term, price-earnings ratio and stock volume still have a negative relationship, and it has a positive relationship of the average price of the stock, however, it has a negative relationship of money supply, so it shows that China’s ary policy has time-lag problem in the implementation process.
Key words: A-shares of Shanghai Stock Market; price-earnings ratio; average pri