对于股票价格波动、股票收益、股票资产价格风险而言,行业因素一直以来都有着十分重要的影响,并且在学界与业界有着极高的关注度。就世界资本市场发展史来分析,随着股票市场制度化建设越来越成熟,政府采取了各种措施严厉打击违规操作,有效遏制住了投机倒把行为,人们对价值投资的理念予以了肯定,因此宏观经济因素、行业因素以及因素等成为了影响股票价格波动的重要研究内容。 For the stock price volatility, stock returns, stock asset price risk, the industry has always been a very important factor, and in academia and industry have a high degree of attention. With regard to the history of the world capital market, with the institutionalization of the stock market becoming more and more mature, the government has taken various measures to crack down on illegal operations and effectively curbed speculation. People have affirmed the concept of value investment. Therefore, Macroeconomic factors, industry factors and factors have become important research contents that affect the stock price volatility.