| 基于行为金融理论的A股市场投资策略研究 |
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| 引用本文： | 夏天翊. 基于行为金融理论的A股市场投资策略研究[J]. 上海金融, 2011, 0(10) |
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| 作者姓名： | 夏天翊 |
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| 作者单位： | 伊利诺伊大学厄本那香槟分校,美国厄本那香槟61801 |
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| 摘 要： | 本文在对行为金融理论介绍基础上，揭示出在非理性行为时有发生的我国证券市场，借鉴行为金融理论进行投资操作具有重要的现实意义。之后，参考Jegadeesh＆Titman（1993）等的方法，利用A股主板市场数据按股票收益率、换手率、市盈率的选股标准在研究期内选择赢家组合和输家组合。考察其在持有期的超额收益率，分析各种投资策略的盈利性，以期寻找适用于我国A股市场的投资策略。
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| 关 键 词： | 行为金融 投资策略 主板市场 选股标准 |
Investment Strategy for A-share Stock Market on the Basis of Behavioral Finance Theory |
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| Xia Tianyi. Investment Strategy for A-share Stock Market on the Basis of Behavioral Finance Theory[J]. Shanghai Finance, 2011, 0(10) |
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| Authors: | Xia Tianyi |
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| Abstract: | The article introduces behavioral finance theory.On this basis,the article reveals that in China's irrational securities market,it is of important significance to refer to behavioral finance theory in the investment.Then,it adopts methods from Jegadeesh&Titman(1993) and other scholars,classifies win combination and lose combination by using criteria such as rate of return on stock,turnover rate and P/E ratio concerning A-share main-board stock market,examines the abnormal return rate of these two groups dur... |
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| Keywords: | Behavioral Finance Investment Strategy Main-Board Market Criteria |
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