| 封闭式基金对股价波动影响的实证分析 |
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| 引用本文： | 杜湘红,陈裕泉.封闭式基金对股价波动影响的实证分析[J].西安电子科技大学学报(社会科学版),2006,16(5):61-65. |
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| 作者姓名： | 杜湘红 陈裕泉 |
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| 作者单位： | 1. 中南大学,商学院,湖南,长沙,410083;湖南师范大学,商学院,湖南,长沙,410081
2. 湖南师范大学,商学院,湖南,长沙,410081 |
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| 摘 要： | 针对封闭式基金折价交易现象,本文解释我国封闭式基金折价交易的表现特征。通过对封闭式基金持有个股的比重与股价波动的关系进行实证检验,文章研究了封闭式基金的投资行为对股票市场稳定的影响。结果表明,封闭式基金的投资行为对股市的稳定是积极的。在此基础上文章对改善我国封闭式基金边缘化状况提出若干建议。
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| 关 键 词： | 折价交易 封闭式基金 波动性 |
| 文章编号： | 1008-472X(2006)05-0061-05 |
| 修稿时间： | 2006年7月30日 |
Empirical Research on Effect of Close-end Funds on Stock Volatility |
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| DU Xiang-hong,CHENG Yu-quan.Empirical Research on Effect of Close-end Funds on Stock Volatility[J].Journal of Xidian University (Social Sciences Edition),2006,16(5):61-65. |
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| Authors: | DU Xiang-hong CHENG Yu-quan |
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| Abstract: | With a view to trade at discounts of closed-end funds,this paper tries to answer what is the character of the closed-end fund discount in Chinese market.It empirically analyzes the correlation between the proportion of investment funds' holdings of a stock and the volatility of individual stock to evaluate the effect of their trading on stock markets.The findings show that the effect of investment funds on trading is positive in the stability of stock prices.Finally,the paper gives some suggestions for improving the bordering condition of closed-end fund in Chinese market. |
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| Keywords: | discount close-end funds stock volatility |
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