摘要
个体投资者的行为对于证券市场的平稳运行有着重要影响。本文依据新疆地区272位股票市场个体投资者的有效问卷数据对新疆个体投资者的行为特征进行分析,结果表明:64%的新疆个体投资者具有风险意识,其中学历和久期与其正相关;68%的投资者更关注技术分析,而基本分析中更关注微观上市公司分析;新疆个体投资者普遍具有过度自信、损失厌恶、从众心理等非理性心理,但心理账户和跟庄心理并不严重。为此,相关部门应开展行之有效的投资者教育活动,投资者也应培养自身良好的心理素质,以提升其理性投资的行为。
Individual investors＇ behavior has a significant impact on the smooth operation of the securities market. In this paper,according to the survey data of 272 individual investors in stock market in Xinjiang,we analyzed the behavior of individual investors of Xinjiang,the results showed that： 64% of individual investors have risk awareness in Xinjiang,wherein the degree and duration was positively correlated; 68% Investors are more concerned about technical analysis,and in the basic analysis,they are more concerned about microscopic analysis; Xinjiang individual investors generally have such non-rational psychological activities as overconfidence,loss aversion and herd mentality,however,their mental accounting and following the banker psychological activity are not serious. To this end,the relevant departments should conduct effective investor education activities,and investors should cultivate their fine psychological quality,in order to enhance rational investment behavior of investors.
出处
《新疆财经》
2015年第3期12-19,共8页
Finance & Economics of Xinjiang
基金
新疆维吾尔自治区研究生教育创新计划新疆研究生科研创新项目"个人投资者行为特征的调查研究--来自新疆的样本"(XJGRI2014134)
关键词
个体投资者
行为特征
心理特征
股票市场
Individual Investors
Behavior Features
Psyeho]osical Features
Stock Market
