| 熊市中我国少数股票暴涨的原因探析--基于2010-2012年沪市涨幅前20名的股票实证分析 |
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| 引用本文： | 童元松,;王光伟.熊市中我国少数股票暴涨的原因探析--基于2010-2012年沪市涨幅前20名的股票实证分析[J].西安石油大学学报(社会科学版),2014(4):31-34. |
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| 作者姓名： | 童元松 ;王光伟 |
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| 作者单位： | [1]苏州大学商学院,江苏苏州215021; [2]无锡市广播电视大学,江苏无锡214021 |
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| 摘 要： | 利用 Stata12、Excel 软件对2010-2012年熊市中的暴涨股票进行多元回归分析，结果显示：机构投资者在熊市中持股量越大，越有利于暴涨股票获取超额收益；个股换手率越高，流通股数越少，预期市盈率越低，暴涨股票越易于获取超额收益率，对此国家必须加强对股市的监管力度。
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| 关 键 词： | 股票 机构投资者 超额收益率 个股换手率 市盈率 |
Cause Analysis of Minority Skyrocketing Stock in a Bear Market-Empirical Analysis Based on the Top 20 of the Shanghai Stock Market in 2010 - 2012 |
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| Institution: | TONG Yuansong, WANG Guangwei (1. School of Commerce, Suzhou University, Suzhou,Jiangsu,215021 ,China; 2. Wuxi Radio and TV University, Wuxi ,J iangsu ,214021, China) |
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| Abstract: | Multiple regression analysis about soaring stocks in 2010 - 2012 is carried out by means of Stata12 and Excellsoftware. The empirical results show that the more stocks the institutional investors in a bear market hold,the better the soaring stocks obtain excess returns;and the higher the turnover rate of individual stocks is,the less the number of circulative stocks is,the lower the expected market earning rate is,so the easi-er the rocketing stocks get excess returns. Therefore,it is necessary for government to strengthen the supervision on the stock market. |
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| Keywords: | stocks institutional investors excess returns individual stock turnover rate market earning rate |
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