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。
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.
出处
《西安石油大学学报（社会科学版）》
2014年第4期31-34,60,共5页
Journal of Xi’an Shiyou University:Social Science Edition
关键词
股票
机构投资者
超额收益率
个股换手率
市盈率
stocks
institutional investors
excess returns
individual stock turnover rate
market earning rate
