银行业：收益、股价及投资价值的比较分析  

作　　者：黄叶苨[1] 吴文平[2] 黄志刚[2] 

机构地区：[1]山东大学经济学院 [2]福州大学管理学院

出　　处：《企业经济》2012年第3期179-182,共4页Enterprise Economy

基　　金：福建省社科基金重点项目“基于我国汇率制度风险控制的汇率弹性空间研究”(批准号:2009A032);福建省科技厅重点项目“风险投资与福建技术创新”(批准号:2009R01020084)

摘　　要：近年来,我国股票市场出现了一个奇异现象,即银行板块业绩优异,但其股价却严重偏离其价值。研究表明,出现这一奇特现象,不是因为该行业的股票盘子大,也不是因为政府融资平台和房地产泡沫等问题的存在导致该行业风险大,而是因为银行股波动性小,同时,也是因为相对来说我国上市公司中银行业经营管理规范、稳健,没有太多可炒作的题材,因此不受市场的投机性资金追捧。In recent years, there is a strange phenomenon in Chinese stock market. Banking sector have meritorious achievements, but the prices of banking shares have had a serious deviation from its intrinsic value. The reason is neither the large market value of banking sector, nor the greater risk caused by the government financing platform, and the real estate bubble. This research shows that there are two reasons for this strange phenomenon. First, less volatility of banking shares. Seeand, the speculative capital do not prefer the banking shares. Meanwhile, respectively speaking, the management of our country＇ s listed companies in the banking sector is relatively standardized and is solid so that that there are no much space for speculation, which is diffleuh tn attract sneculative car,ital.

关 键 词：银行业板块 背离现象 成因分析 

分 类 号：F830[经济管理—金融学]