我國(guó)證券市場(chǎng)市場(chǎng)勢(shì)力的統(tǒng)計(jì)測(cè)度與評(píng)價(jià).pdf

1、天津財(cái)經(jīng)大學(xué)碩士學(xué)位論文我國(guó)證券市場(chǎng)市場(chǎng)勢(shì)力的統(tǒng)計(jì)測(cè)度與評(píng)價(jià)姓名：張巖申請(qǐng)學(xué)位級(jí)別：碩士專業(yè)：統(tǒng)計(jì)學(xué)指導(dǎo)教師：李紅繼李臘生20090501AbstractMarketpowerisanabilitythatintermsofimperfectmarketafactoryownermaintainspriceovermarginalcostincertaintimeTheexistenceofmarketpowernotonlydestr

2、oystheefficiencyofresource，butalsodealstotheunfairdistributionofincomewhat’smore，marketpowerwhichisi11stockmarketviolatestheprincipleof“fairustandopen”Unlikethepreviousresearchonmarketpoweraboutproductmarketandthewelfare

3、’slOSSofthesocietythemasterstrokeofthepaperistheempiricalstudyandanalysisaboutmarketpowerinstockmarketItusesthevolumeoftradeofelasticitymonopolyprofitmarginwhichisbuiltinthepaperandregardssecuritiesinvestmentfundassample

4、toanalyzeempirically，andthenitappraisestheresultAccordingtotheresult，itproposessomesuggestionforreducingthemarketpowerofinstitutionalinvestorsinChinesestockmarketIntheprocessofbuildingtheindexaboutmarketpowerofstockmarke

5、tAtfirst，thePaperanalyzesthenotabledistinguishbetweenstockmarketandproductmarket，namelyeveryinvestorisnotonlydemanderbutalsoproviderhisroleinthestockmarketisnotdifferentiatedclearlybesides，theyhavethedifferentpurposeofpu

6、rchasing，thesedifferencesmakethemarketpower’smeasureinthestockmarketismorecomplicatedthanitsintheproductmarketAndthen，fromanalyzingandsummarizingthesubstanceanddefinitionofmarketpowerinstockmarket，weknowthateveniftheelem

7、entsareverycomplicatedinstockmarket，themonopolyprofitisreflectedasthefinalresultofperformingmarketpowerbyinvestors；andinfact，measuringthemarketpowerofstockmarketismeasuringtheinstitutionalinvestors’instockmarketTherefore

8、，fromtheperspectiveofmonopolyprofit，thepaperjudgestheinstitutionalinvestors’marketpowerandbuildsthevolumeoftradeofelasticitymonopolyprofitmarginasthemeasuringindexofmarketpowerAccordingtotheresulttheinstitutionalinvestor

9、s’marketpowermorethanzeronotablysoitconsidersthattheinstitutionalinvestorshavemarketpowerAtthesametime也einstitutionalinvestors’volumeoftradeofelasticitymonopolyprofitmarginisgreaterthatistosaytheinstitutionalinvestors’ma

10、rketpowerisbiggernamelytheyCallusethetradebasedmanipulation’smethod，toagreatextenteffectthestockprice，andthenobtainmoremonopolyprofitButbecauseofthelimitationsofsampledata，dealtotheinstitutionalinvestors’marketpowerisund

11、erestimatedThenthepaperchoosesastrongstocktoanalyzethisquestion，throughtheresultweknowthatthemarketpowerinChinesestcIckmarketmostlyreflectsmanipulationonastockbyinvestorsratherthanthecontrolonthewholestockmarketIntheendo

12、fthePaperaimedattheexistenceandbehavioraboutmarketpowerinChinesestockmarket，fromtherespectofstandardizingmarketenvironment，achievingtheprincipleof“fairjustandopen’，weproposesuggestionasfollows：developtheinstitutionalinve

13、stors’ranksstronglvstrengthentheinstitutiona“nvestors’supervision，andperfectthestockmarket’s仃aderegulationandsoon，inordertoboostthedevelopmentofChinesestockmarketmoreeffectivelyhealthyandsteadilyKeyWords：MarketPower；Stoc