二元股权结构下的流通权定价理论与应用  

The Theory of Full Negotiable Price and Application in Chinese Stock Markets

作　　者：陈新宏[1] 

机构地区：[1]广东商学院数学与计算科学系,广东广州510320

出　　处：《商业研究》2006年第4期158-159,共2页Commercial Research

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.

关 键 词：股票市场 全流通价格 每股净资产 流通权价值 

分 类 号：F830.91[经济管理—金融学]