我国股市高系统性风险分析及券商对策  

Analysis of High System Risk in China Stock Market and Countermeasures for Securities Company

作　　者：罗庆忠[1] 郑丕谔[1] 林松[1] 

机构地区：[1]天津大学管理学院,天津300072

出　　处：《西北农林科技大学学报（社会科学版）》2004年第6期40-44,共5页Journal of Northwest A&F University(Social Science Edition)

摘　　要：根据相关的统计数据和实证研究的成果,分析了我国股票市场高系统性风险的特性和现阶段券商所面临的严峻挑战。通过对我国股票市场系统性风险的成因分析,结合国内券商的特点和国内外最新研究成果,阐明券商可以在加强研究能力、加强风险管理、加强业务结构调整和增加资本金等方面寻求对策的可能性。据此,为券商提出了基于分形市场理论、行为金融理论、VaR技术、强化投资分析、调整业务结构和增加资本金等方面的对策。Through the statistical data and the achievement of empirical study,the high system risk character of Chinese stock market and its high challenge for securities companies at present are revealed. Following the analysis of the cause of system risk in Chinese stock market as well as the character of securities company and the updated study, it has been clarified that securities company can seek for the feasibility of coping with system risk by reinforcing the study power,risk management, business adjustment and capital increase. Based on the fractal market theory,behavioral finance,VaR, reinforcement of investment analysis,business adjustment and capital increase,some countermeasures are brought forward to securities company.

关 键 词：股票市场 券商 系统性风险 风险管理 分形市场 行为金融学 

分 类 号：F830.91[经济管理—金融学]