关于我国证券投资人群分类及其行为特征的实证研究

An Empirical Study of the Group Classification and the Behavior Characteristics of Security Investment in China

由于广大股民的投资行为与证券市场的经济效能密切相关,因此,深入研究投资者的行为特征及其群体分类,对于推动我国证券市场健康发展具有重要的现实意义。而借助于调查取样、统计分析等实证方法对此进行研究,其结论将更具说服力。通过对上海股民随机抽样及问卷分析可知,我国证券投资者的行为特征差异可以从果断冒险、轻松乐观、理智冷静、犹豫依赖与耐心谨慎这五个因素进行分析;投资人群可分为冷静保守型、冒险型与乐观保守型三类。

Because the investment behavior of the stock-holders has much to do with the economic efficiency of the security market, research on the behavioral characteristics and group classification by statistical analysis will be of great practical importance to the promotion of the sound development of Chinese security market. By empirical research, we discover that the characteristic differences of security investors can be analysed in terms of five elements and investing groups can be divided into three types.