我国股票市场资本配置效率研究

资本配置效率作为衡量股票市场有效性的重要指标,一直是股票市场发展中的核心问题。我国股票市场经过十几年的发展,上市公司数目不断增加,规模迅速扩大,融资额也创出新高,股票市场的发展为国民经济的发展提供了强大的推动力。但从股票市场本身的资本配置效率来讲,并不能令人满意。

A Study on the Capital Allocation Efficiency in China's Stock Market

As an important index to measure the effectiveness of stock market, the capital allocation efficiency has consistently been a core in the development of stock market. After more than ten years' development in China's stock market, with the number of listed companies increasing continuously, the scale enlarging rapidly and the financing amount coming to a new high, the stock market has given an increasing impetus to the development of national economy. However, it is not satisfactory in the stock market in terms of the capital allocation efficiency.