| 摘要:（摘要内容经过系统自动伪原创处理以避免复制，下载原文正常，内容请直接查看目录。） 市场有用性假说作为古代金融投资实际的基石，因其具有直不雅的实际与理论意义，国际外很多学者曾经运用该实际对列国股票市场作了年夜量的实证研究，为加倍深刻的熟悉股票市场和更好的选择投资战略供给了实际和实证上的支撑。自1990年11月以后，中国的股票市场赓续成长强大，逐步成为我国市场经济的主要构成部门。固然如斯，中国股票市场能否到达了弱式有用性却仍在争辩傍边。俄罗斯股票市场与中国股票市场同龄，也都阅历了各类轨制和标准的改造，然则使人惊奇的是，中俄两国股票市场在有用性方面却出现出较年夜的差别。文章重要对中国上海市场和俄罗斯市场停止比较剖析，俄语论文范文，经由过程比较剖析来看出我国市场的现实情形和能否有用。经由过程剖析成果对中国股票市场的成长完美提出建议。文章共分五个部门第一部门重要论述研究配景、意义，解释研究的内容、办法和立异的地方；第二部门是有用市场实际文献评述论述有用市场假说的构成与成长、界说和分类，论述了论文前面研究剖析的实际基本。同时对有用市场磨练办法停止归结；第三部门是对中俄两国股票市场有用性的实证研究解释磨练措施，俄语专业论文，数据选择和描写和磨练成果剖析；第四部门是对中俄两国股票市场有用性比拟剖析依据第三章得出的结论，对我国股票市场有效性的缘由停止了剖析，同时略论俄罗斯股票市场弱式有用的缘由，并将二者停止比拟；第五部门对全文停止总结。 Abstract: As the actual foundation of the ancient financial investment, the market usefulness hypothesis has been applied to the stock market in the world because of its practical and theoretical significance. Many scholars have applied this theory to the stock market, which provides a practical and empirical support for the more profound understanding of the stock market and the better choice of investment strategy. Since November 1990, China's stock market gengxu growth strong, and gradually become important component of market economy in our country. In spite of this, Chinese stock market could reach the weak but still useful in the debates. Russian stock market and the Chinese stock market peers, but also experienced the transformation of various types of rail system and standards, but the surprise is that the stock market in China and Russia in terms of usefulness but there is a big difference. This article is important to China's Shanghai market and the Russian market to stop the comparative analysis, through the process of comparative analysis to see the reality of the market and the actual situation in our country can be useful. Recommendations for the growth of China's stock market through the analysis of results. Article is divided into five parts. The first part discussed the research background, significance, research to explain the content, methods and innovation; Second Department is useful actual market literature review discusses the efficient markets hypothesis formation and growth, definition and classification, discussed in the previous papers discuss analysis of the real basic research. At the same time the useful market measures to stop it; the third sector is the Sino Russian stock market usefulness of the empirical research methods, data selection and description and test results analysis; the fourth section is the comparison of the two countries stock market usefulness analysis based on the conclusions drawn from the third chapter, the reason for the effectiveness of China's stock market analysis, while the Russian stock market weak useful reason, and the two to stop the comparison; fifth. 目录: 内容摘要 4-5 ABSTRACT 5 第一章 导论 8-12 1.1 探讨背景及意义 8-10 1.1.1 探讨背景 8-9 1.1.2 探讨意义 9-10 1.2 探讨内容和措施 10 1.2.1 探讨内容 10 1.2.2 探讨措施 10 1.3 本文的创新 10-12 第二章 有效市场理论文献评述 12-23 2.1 有效市场理论文献综述 12-17 2.1.1 有效市场理论 12-15 2.1.2 有效市场理论检验措施 15-17 2.2 国内外探讨近况 17-21 2.2.1 市场有效性理论国内外探讨近况 17-19 2.2.2 俄罗斯股票市场有效性探讨近况 19 2.2.3 中国股票市场有效性探讨近况 19-21 2.3 探讨措施及探讨成果评述 21-23 第三章 中俄两国股票市场有效性的检验 23-43 3.1 股票市场有效性检验措施 23-29 3.1.1 分布性检验 24 3.1.2 单位根检验 24-26 3.1.3 游程检验 26-27 3.1.4 时间序列的自相关检验 27-28 3.1.5 检验措施的比较 28-29 3.2 样本的选择和确定 29-30 3.2.1 样本的选择 29 3.2.2 对中俄两国数据的描述和统计 29-30 3.3 实证过程 30-42 3.3.1 分布性检验 30-32 3.3.2 单位根检验 32-38 3.3.3 游程检验 38-40 3.3.4 时间序列自相关检验 40-42 3.4 实证结果略论比较 42-43 第四章 中俄两国股票市场有效性比较略论 43-57 4.1 中国股票市场无效的原因略论 43-46 4.1.1 企业的股权制度分置 43-44 4.1.2 交易制度不完善 44 4.1.3 投资者的投资行为非理性 44-45 4.1.4 信息披露不完善 45-46 4.2 俄罗斯股票市场弱式有效的原因略论 46-48 4.2.1 高度的市场化和国际化 46 4.2.2 市场规模狭小且交易品种单一 46-47 4.2.3 商业银行是证券市场的投资主体 47-48 4.3 对改进中国股票市场效率低下的政策建议 48-57 4.3.1 中国对俄罗斯股票市场经验借鉴 48-50 4.3.2 对改进中国股票市场效率低下的政策建议 50-57 第五章 总结 57-58 参考文献 58-61 后记 61-62 |
