个体投资者投资行为特征:来自新疆的样本

新疆财经 ›› 2015,Issue (3): 12-19.

个体投资者投资行为特征:来自新疆的样本

陈小昆, 王法宝

新疆财经大学统计与信息学院,新疆乌鲁木齐 830012

收稿日期:2015-03-02 出版日期:2015-06-25 发布日期:2020-12-14
作者简介:陈小昆(1963-),女,教授,研究方向:市场调查;王法宝(1989-),男,硕士研究生,研究方向:市场调查。
基金资助:
新疆维吾尔自治区研究生教育创新计划新疆研究生科研创新项目“个人投资者行为特征的调查研究——来自新疆的样本”(XJGRI2014134)

An Analysis of Features of Individual Investors’Behaviors : Samples from Xinjiang

Chen Xiaokun, Wang Fabao

Xinjiang University of Finance and Economics,Urumqi 830012,China

Received:2015-03-02 Online:2015-06-25 Published:2020-12-14

摘要/Abstract

摘要： 个体投资者的行为对于证券市场的平稳运行有着重要影响。本文依据新疆地区272位股票市场个体投资者的有效问卷数据对新疆个体投资者的行为特征进行分析,结果表明:64%的新疆个体投资者具有风险意识,其中学历和久期与其正相关;68%的投资者更关注技术分析,而基本分析中更关注微观上市公司分析;新疆个体投资者普遍具有过度自信、损失厌恶、从众心理等非理性心理,但心理账户和跟庄心理并不严重。为此,相关部门应开展行之有效的投资者教育活动,投资者也应培养自身良好的心理素质,以提升其理性投资的行为。

关键词: 个体投资者, 行为特征, 心理特征, 股票市场

Abstract: Individual investors’behavior has a significant impact on the smooth operation of the securities market.In this paper,according to the survey data of 272 individual investors in stock market in Xinjiang,we analyzed the behavior of individual investors of Xinjiang,the results showed that:64% of individual investors have risk awareness in Xinjiang,wherein the degree and duration was positively correlated;68% Investors are more concerned about technical analysis,and in the basic analysis,they are more concerned about microscopic analysis;Xinjiang individual investors generally have such non-rational psychological activities as overconfidence,loss aversion and herd mentality,however,their mental accounting and following the banker psychological activity are not serious. To this end,the relevant departments should conduct effective investor education activities,and investors should cultivate their fine psychological quality,in order to enhance rational investment behavior of investors.

Key words: Individual Investors, Behavior Features, Psychological Features, Stock Market

中图分类号:

F832.48

陈小昆, 王法宝. 个体投资者投资行为特征:来自新疆的样本[J]. 新疆财经, 2015, (3): 12-19.

Chen Xiaokun, Wang Fabao. An Analysis of Features of Individual Investors’Behaviors : Samples from Xinjiang[J]. Finance & Economics of Xinjiang, 2015, (3): 12-19.

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