An Empirical Study On Excessive Investment In Enterprises Affecting Stock Price Risk

The study of this paper is intended to point out how the risk of the stock market bubble in the capital market is greatly reduced by how to effectively restrain the "excessive investment" of the real economy in the current Chinese economy.On the basis of the relevant economic theory,this paper discusses the effect of overheating of corporate investment on the risk of stock market from the microeconomic level in the domestic capital market through empirical analysis.This paper takes the information disclosed by all A-share listed companies in Shanghai and Shenzhen as the main basis for the ten years(2006-2015).By analyzing the principles and mechanisms of the impact of over-investment on the stock market bubble risk,"Overheating investment" and "stock market risk" relationship by the end of the enterprise over-investment will exacerbate the risk of the stock market bubble conclusion.There is a significant proportional relationship between the overheated business and the risk of the stock market,which means that the continuation of investment overheating and the delay in the response to unfavorable information will bring the value of the enterprise into a unique situation.