机构地区: 深圳大学经济学院
出 处: 《特区经济》 2011年第7期108-111,共4页
摘 要: 本文选取1991年8月至2010年7月一级市场实际募集资金、上证指数及深成指的月度数据作为样本,运用向量自回归(VAR)模型、格兰杰因果关系检验、脉冲响应分析及方差分解方法分析股市波动与股市募资的关系,实证分析表明:股市波动是股市募资的原因,其中深成指对股市募资的影响较大;股市募资对股市波动短期有强劲的响应,在长期趋于稳定;股价指数和股市募资存在长期均衡关系。并且在定量分析和定性分析相结合的基础上给出相应的对策建议。 This article choose Monthly data (From August 1991 to July 2010)of primary market actual collecting capital、Shanghai composite Index and the Shenzhen composite Index,use the VAR model、Granger method、Impulse response analysis and analysis of variance to examine the relations of stock market fluctuation and stock market capital,we find that the stock market fluctuation is the reason of the stock market capital,Shenzhen index has stronger influence on stock market capital;The stock market capital has strong response to The stock market fluctuation in short time,but tends to be stable in long time;The stock price index and The stock market capital have long-term balanced relations.According to the quantitative analysis and the qualitative analysis,we give appropriate suggestion.
领 域: [经济管理]