中國股票市場有效性及行為金融研究.pdf

1、目錄摘要3第一章導言511研究背景512研究意義8第二章研究綜述。1021認知心理學1022前景理論1222行為金融學15第三章投資者行為分析及理論基礎(chǔ)1731對投資者的假定1732對市場的假定2033投資者在市場上的行為表現(xiàn)22第四章實證方法和步驟2441樣本選取2442實證分析24421股價異動對后市表現(xiàn)的影響25422結(jié)合交易量的股價異動對后市表現(xiàn)的影響27423對于盤整股票的考察30424魯棒性檢驗。33第五章結(jié)論34參考文獻3

2、sAbstractOverthepastfewdecades，thereisanenormousdiscrepancybetweenwhattraditionalstandardfinancialtheorysaysandwhattherealfinancialmarketgoesonFinancialmarketbubbles，abnormalreturnsaroundspecificeventsandrecognizedunreas

3、onablefinanciaitimeseriespatternsareobservedeverywhereandatalmosteverytimeperiodinthehistoryAsaresult，anemergingdiscipline，calledbehavioralfinance，comesintesearchers’’eyetosolvethequestionsmentionedaboveDrawingonaspectso

4、fbothpsychologyandfinance，behavioralfinanceisfoundedonthepremisethathumanbeingsarefundamentallyirrationalandmotivatedbyunconsciouscognitivebiasesThosecognitivebiasesoftenpreventpeoplefrommakingrationaldecisions，despiteth

5、eirbesteffortsThisrationaleoffersaradicallydifferentviewaboutthewayspeopleandorganizationsreallyoperateThisThesisbasesitselfontheBehavioralFinanceandmakesanalysisoninvestors’psychologyandinvestmentpatternsDifferenttypeso

6、fmarketfeaturesonreturnandturnoveraredistinguishedSOastecognizethosestockpatternsthatarebiasedbythemarketThereturnsontheobservationperiodaremeasuredtotesttheeffectivenessofthemarketandthefinancialbehaviorsthatareirration