价值投资在我国股市的适用性研究  

Study on Applicability of Value Investment in China's Stock Market

作　　者：曾贵[1] 李轶敏[1] 

机构地区：[1]湖南工程学院经济系,湖南湘潭411104

出　　处：《湖南财政经济学院学报》2015年第3期61-68,共8页Journal of Hunan University of Finance and Economics

基　　金：湖南省软科学研究计划项目"区域软环境与中小企业竞争优势的关系研究"(项目编号:2010ZK3083);湖南省教育厅重点项目"湖湘文化创意产业利用外资挖掘与创新发展战略研究"(项目编号:12A034)

摘　　要：价值投资不适论者常以国情不同、证券市场不成熟、上市公司缺乏投资价值等外在环境因素来否定价值投资在我国股市的适用性。价值投资作为一种与股票投机相对的、基于商业经营视角的企业股权投资理念,具有普适性,仍然适用于我国。我国投资环境尚不理想更加凸显了价值投资的必要性和重要性。但是,绝大部分股市投资者误解错用了价值投资。价值投资在股权文化的建设、投资者利益的保护、股市功能的发挥等方面具有重要作用,我国股市的健康发展需要大力弘扬价值投资。Because of extrinsic environmental factors, such as different national conditions, immaturity of stock market and lack of good listed companies, many commentators deny the applicability of the value investment in China＇ stock market. Being different from the stock speculation, value investment is a corporate equity investment philosophy that is based on the perspective of the business operations. It is universal and still applicable to our country. That our investment environ- ment is not ideal highlights the necessity and importance of the investment. However, most stock investors misunder- stand and misuse of value investing, The value investment plays an important role on the construction of equity cultural, the protection of investors＇ interests, the play of stock market function and so on. We need to carry forward the value investment vigorously for the healthy development of China＇ stock market.

关 键 词：价值投资 股市 适用性 不适论 

分 类 号：F832.5[经济管理—金融学]