中国股市投资者开户与股市波动相关性分析

Relationship between Investors of Chinese Stock Market and Vibration of Stock Market

本文针对目前我国股市中投资者新增开户数存在随股票价格指数波动而变化的趋势,运用有关信息经济学原理和金融理论中的正反馈理论、投机理论对其进行理论上的分析,并收集有关数据进行了实证分析。得出的结论是:稳定发展的股市有利于吸引更多的投资者开户,而频繁大幅震荡的股市容易形成投资者的不确定性预期,造成新增开户数的相应波动。

By analyzing the trends of index vibr ation change of stock prices of new in vestors in Chinese stock market,by u sing positive feedback theory and speculative theory in information economics principle to make theoretical analysis and financial theory and by making positive analysis for related data,it is concluded that stable developm ent of stock market helps to attract m ore investors and uncertain pre-diction of investors can be easily fo rmed in frequent vibration stock market and related vibration of new inve stors is so formed.