股票投资价值研究

Studies on the value of stock investment

本文对股票的投资价值进行了理论分析，提出股票投资价值具有主观性的特点，同时它是企业经营者与股东之间、股东与股东之间博弈的产物。文章同时指出目前普遍采用的用净利润代替股利进行股票投资价值判断的方法具有较大的误差，提出中国目前亟需通过法律手段来约束企业的股利分配政策以促进中国股市的健康发展。

This paper offers theoretical analysis of the value of stock investment, and points out that the value of stock investment bears the characteristic of being subjective. The widely adopted method of using net profit to evaluate the value of investment is inaccurate to some degree. The suggestion is provided that legal means should be adopted to develop China’s stock market along the right track.