A Computation Methods for Analysis on the Effect of Stock Market and its Application

Abstract:

As a barometer of the macroeconomic of a country and an important part of the capital market, stock market has attracted increasing and highlighted attention. As is well-known, Chinese stock market is known as 'policy market', however, the issue about whether the stock market is really influenced by these policies is always an important and hot topic. In this paper, by using generalized data envelopment analysis, an analysis on the effect of the new policies carried out in May 2012 is provided based on closing price, Tobin Q, circulation market value, turnover rate, and return on assets. Based on the above results, it can show the effect of stock market policies on Chinese Economy.

• Periodical: Advanced Materials Research (Volume 1078)
• Pages: 444-447
• DOI: https://doi.org/10.4028/www.scientific.net/AMR.1078.444
• Online since: December 2014
• Authors: Zhan Xin Ma*, En Yang Zhao, Xi Ming Lv, Zhi Min Ma
• Keywords: Comprehensive Evaluation, Data Envelopment Analysis, Multiple Objective Decision Making, Sample Unit, Stock Market

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