Study On The Stock Pricing Theory

With the development of our stock market , many market original defects , such as the low quality and wrong ideas of the investors , have gradually showed up , which led to more fluctuation of the stock price and more speculation in the market , also caused much loss of the investor . Therefore , in order to improve the investors' ability to the stock analysis , this thesis put focus on the way how to estimate the stock value and wish to stimulate the relevent study.This thesis is composed of three parts ,the former two parts respectively introduce the study on the domestic and overseas stock pricing theory,including different schools of thought,present situation and future tendency,their advantage and disadvantage.The third part trys to look for a stock pricing model which can apply to our stock market.By means of special factor selection and abundant data analysis,this paper finally reach its destination,moreover,The empirical test proves this pricing model can say somehow good and can stand out from others.