中國(guó)證券市場(chǎng)效率問(wèn)題研究.pdf

1、華中科技大學(xué)碩士學(xué)位論文中國(guó)證券市場(chǎng)效率問(wèn)題研究姓名：葉建國(guó)申請(qǐng)學(xué)位級(jí)別：碩士專業(yè)：國(guó)民經(jīng)濟(jì)學(xué)指導(dǎo)教師：李焜文2002.11.8華中科技大學(xué)碩士學(xué)位論文口口_目R|_目__●ll__l●__l_●I_l_=111％__●___●I___III11I__=_t===≈=；=====自AbstractAlongwiththedevelopmentofsecuritiesmarketinoRrcountry，studyingsecuritie

2、smarkete硒ciencyrosequietlyinpast10yearsSecuritiesmarkethasdistinctfunctionsinthenationaleconomyforthisrfasonresearchingsecuritiesmarkete銜ciencyhasimportantacademicandrealisticmeaningMostofdomesticandoversea3scholarshavef

3、ocusedonmarketc艏ciencywhentheystudiedsecuritiesmarketMarkete墑ciencyiScalledpricecmciencyButmarketeft]ciencyismoreextensivemeaningthanpriceefficiencyasaconceptinthispaperInvieWofrealisticconditionsofsecuritiesmarketinChih

4、aauthorstudyprimarilypriceefficiencyandICsourcesallocatingcmciencyofsecuritiesmarketandprimarilystudytheproblemofthelOWefficiencyinsecurities●marketThPrearethreeformsofvricecmciency=cordingtodefinitionsinFama：weakformcmc

5、iencysemistrongformefficiencyandstrongformemciencyEachformhastherelatedexaminationmethodBecausedomesticscholarshavedonemorestudyonexperientialstudyforthisaspectthearticleonlyintroducestheoreticallysometestmethodsTherea∞t

6、woformsofresourcesdistributionemclencyandeachhasdifferentmethodtotesLSpeculationsandbubblesinsecuritiesmarkethavegreateffectsonmarkete硒ciency。soauthoralsoanalyzesspeculationsbehaviors，mechanismsofbubblesandeffectsmadebyt

7、hemOnthebaseoftheoreticanalysis，thearticlestudiescha／sctcrsofpricefluctuationandsomespecialeffectsaboutpriceefficiency11忙problenlofresourcedistributionisalsoanalyzedandauthorhasdoneexperientialstudyAccordingtostatistical

8、dataexperientialstudyofperfonnenceofspeculationsendbubbl船iSmadefromseveralaspectsn埒resultindicatesthatthemarketefficiencyiSlOWAuthor吼強(qiáng)咖咂arizcsfivereasonscamingthelowe丘iciencyinsecuritiesmarketTherearesystemrootstockstnlc

9、ture，informationpublicizinginvestorbehaviorendmarketmechanismCombinedtheactualcircumstanceoftheourcountrysecuritiesmarketandaimed砒therootsoflowmarketc歷ciencyauthorputsforwardsomepoliticsuggestions，such鷴innovatingsystem，s

10、ettlingstockstructurereasonably，strengtheninginformationpublicationcultivatinginstitutioninvestorsandimprovingthelevelofsupervisalandmanagementKeywords：SecuritiesMarketPriceEfficiencyResourceDistributionSpeculations&Bubb