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《Economic Research Journal》 2005-02
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The Theory of the Stock Intrinsic Value and the Bubble of China's Stock Market

Liu Huangsong (Shanghai Academy of Social Science)  
The theory of the stock intrinsic value is very important to the investor and decision-maker. To estimate the intrinsic value accurately is the only way which the investor and decision-maker treat the stock bubble problem rightly . So the paper discusses the intrinsic value and the stock bubble .Firstly, the paper surveys the theory of the stock intrinsic value . Secondly, the paper modifies the Feltham-Olson model, and make it more applicable. Thirdly, it measures the bubble volume of China's stock market by the modified F-O model .We find that the absolute and relative scale of the bubble of China's stock market have dropped sharply in the previous three and half years. At the end ,the author gives some suggestions.
【CateGory Index】: F832.5
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