Author(s)

Yao Zhang

Corresponding Author

Yao Zhang

Abstract

Considering model uncertainty, this paper discerns macroeconomic indicators affecting the stock index yield of private enterprises 200 based on Bayesian Model Averaging method as well as the monthly data of private enterprises 200 and macroeconomic indicators from 2009 to 2018. The research finds, Currency in Circulation Supply (M0) and Government Revenue are the main factors affecting the stock index yield of private enterprises 200. Volume of Freight Handled in Main Coastal Ports has a certain impact on the yield, but not as significant as the first two variables. Finally, according to the empirical results, this paper puts forward suggestions for promoting the development of private enterprises.

Keywords

Bayesian model averaging method, Private enterprises 200, Macroeconomic indicators, Model uncertainty