利率调整与我国股票市场的关联性  

Interest Rate Adjustments and the Relevance of China′s Stock Market

作　　者：吴静婷[1] 

机构地区：[1]安徽财经大学金融学院,安徽蚌埠233041

出　　处：《宜宾学院学报》2011年第11期33-36,41,共5页Journal of Yibin University

摘　　要：在金融因素中,利率水平的变动对股市行情变化具有重要的影响力。利率变动对股市长短期的效应不同:短期内,利率对股价的影响比较明显且迅速,呈负相关关系;中长期内,股价走势由利率和公司财务、行业发展情况与宏观经济等基本面共同决定。In the financial factors,changes in interest rates have an important influence on changes in the stock market.The changes in interest rates on short and long term effects of the stock market are different.For the short term,stock prices are affected by the interest rate significantly and rapidly,being negatively correlated;for the medium to long term,stock prices are detemined by the company′s financial,industrial development and macroeconomic fundamentals.

关 键 词：利率 股票市场 股票定价模型 实证分析 葛兰杰检验 

分 类 号：F832.51[经济管理—金融学]