浅析股改前后我国股市文化的变迁  

A Analysis of Cultural Change in the Stock Market During the Share-split Reform

作　　者：姚电[1] 易云鹏[1] 

机构地区：[1]宜春学院,江西宜春336000

出　　处：《宜春学院学报》2010年第10期22-24,108,共4页Journal of Yichun University

基　　金：2009年度江西省高校人文社会科学研究项目"股权分置改革后资本市场估值体系的重构与股市新文化的形成"(项目主持人:姚电;项目编号:JJ0943)的阶段性成果

摘　　要：股改前中国股市的主流文化是投机文化,其形成原因主要是股权分置这一制度性缺陷,同时股票市场供求失衡、市场效率低和股市旧文化的误导也是重要原因。股改后的股东利益的一致、价值中枢的形成及市场扩容、金融产品创新有有利于股市新文化——投资文化的形成。但股市新文化的培育仍然任重道远。Before the share-split reform,the mainstream culture in the China＇s stock market is a speculative culture.The main reason is the the share-split,a defect of the system.Other important reasons include： the imbalance between supply and demand,the inefficient market,the misleading of the old culture.After the share-split reform,the interests of shareholders are consistent,the central value of the maket is formed,the market are expanding,the new financial products are emerging.All of these are conducive to the formation of a new culture-a investment culture.However,there still has a long way to go in the cultivation of the stock market culture.

关 键 词：股权分置改革 投机文化 投资文化 

分 类 号：F830[经济管理—金融学]