| 基于有效市场假设的一种股票定价模型研究 |
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| 引用本文： | 温玉杰,王要武,孙青. 基于有效市场假设的一种股票定价模型研究[J]. 学术交流, 2001, 0(3): 104-106 |
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| 作者姓名： | 温玉杰 王要武 孙青 |
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| 作者单位： | 哈尔滨工业大学,黑龙江,哈尔滨,150001 |
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| 基金项目： | 黑龙江省自然科学基金资助项目(G00-15) |
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| 摘 要： | 有效市场假设揭示了股票价格反映会计信息,并且随市场的有效程度不同,股票价格所反映的信息量也不同.但证券市场上"异象"的存在使得人们开始更加关注股票的内在价值,市价/账面净值模型(M/B)便为投资者提供了一种估计股票内在价值的方法,其所反映的股票内在价值和股票市场价格的差异,对会计准则制定机构改进现有准则,完善信息披露制度也颇具价值.
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| 关 键 词： | 有效市场假设 股票内在价值 市价/账面净值模型 |
| 文章编号： | 1000-8284(2001)03-0104-03 |
| 修稿时间： | 2001-01-02 |
A Model Research on Fixing Share Price on the Ground of Efficient Market Hypothesis |
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| WEN Yu-jie,WANG Yao- wu,SUN Qing. A Model Research on Fixing Share Price on the Ground of Efficient Market Hypothesis[J]. Academic Exchange, 2001, 0(3): 104-106 |
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| Authors: | WEN Yu-jie WANG Yao- wu SUN Qing |
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| Abstract: | The efficient market hypothesis aims at reflecting accounting information through share price, the difference of markets effectiveness reflects the difference of the information volume of the share price. But the internal value has been paid more attention due to the"abnomial phenomenon" emerged in stock market, the M/BV provides the investors with a method of estimating the stock' s internal value, the difference between stock' s internal value and the value of stock market price would be more valuable in improving the ongoing accountant regulations and information announcing system. |
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| Keywords: | efficient market hypothesis stock' s internal value M/BV |
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