AHP法在二板市场风险评价中的应用

The Application of Analytic Hierarchy Process in Risk Assessment of Growth Enterprise Market

二板市场在我国是一个新生事物,二板市场信息的残缺性,使得定量评价二板市场的风险极为困难,但其风险评价对我国具有重要的指导意义。本文结合国情,在分析了二板市场的风险因素之后,建立了系统、完整的风险评价指标体系,采用将专家意见量化的思路,运用层次分析法对我国二板市场的风险作出模糊评价,实现了对我国二板市场的科学测度,得出我国设立二板市场所面临的风险介于“较高风险”和“一般风险”之间的结论。

Growth enterprise market （ GEM ） is new to China, and the incompleteness of information for it makes it extremely difficult to quantitatively assess its risk. However; the assessment is of great guiding significance to China. In light of China actual conditions, this paper analyzes the risk elements in GEM and establishes a systematic and integral risk assessment indicator system. It quantifies experts＇opinions , uses analytic hierarchy process （AHP） to make a fuzzy risk assessment of China＇s GEM, and accomplishes the scientific measurement of the market. It is concluded that the risk for establishing GEM in China is between “higher risk” and “ medium risk”.