摘要
中国股票市场流通制度的缺陷是市场系统性风险的根源所在,出路在于股票市场非流通股的全流通。全流通成功的关键在于合理确定全流通的股票价格。必须依据一个基本的定价模型,以此来逐步解决股票市场的全流通问题。
The defects in circulation system of Chinese stock markets lie in the risks of market mechanism.The solution is to circulate non - circulating stocks in an all - round way that may fix a reasonable price for these stocks.The paper finds a basic model about circulating stocks, consequently raises a solution to full negotiable stock price.
出处
《商业研究》
北大核心
2006年第4期158-159,共2页
Commercial Research
关键词
股票市场
全流通价格
每股净资产
流通权价值
stock market
full negotiable price
net asset per share
negotiability right
