论文部分内容阅读
本文选取上海股票市场1997年至2006年中的数据,对BM效应进行检验。研究发现,BM值居中的股票在研究期间内的表现最好,因此建议投资者选取BM值居中的股票进行投资。
This paper selects the data of Shanghai stock market from 1997 to 2006 to test the BM effect. The study found that stocks with the highest BM values performed the best during the study period, so investors are advised to invest in stocks with the middle BM value.