| QFII与我国上市公司股价波动率关系研究 |
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| 引用本文： | 张佑辉,李延喜,高锐.QFII与我国上市公司股价波动率关系研究[J].大连理工大学学报(社会科学版),2008,29(2):37-42. |
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| 作者姓名： | 张佑辉 李延喜 高锐 |
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| 作者单位： | 大连理工大学,管理学院,辽宁,大连,116024 |
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| 基金项目： | 国家自然科学基金，辽宁省博士科研项目 |
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| 摘 要： | 文章研究的目的是在充分考虑其他经济因素影响的前提下,准确分析QFII持股对我国上市公司股价波动率的影响.文章控制了大盘波动率、公司每股收益两个影响因素,通过spearman系数检验和多元回归的方法,对2003～2006年上证A股中QFII持股的相关数据进行了实证研究.研究结果显示,QFII持股比例与股价波动率存在正相关关系.这表明,QFII尚未起到稳定资本市场的作用,其持股可能还会加剧股价波动,投资者不应对其盲目跟从.文章还对如何更好地利用QFII稳定市场提出了一些建议.
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| 关 键 词： | QFII 波动率 资本市场 |
Research on the relation between QFII and the volatility rate of the share price of Chinese listed companies |
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| ZHANG You-hui,LI Yan-xi,GAO Rui.Research on the relation between QFII and the volatility rate of the share price of Chinese listed companies[J].Journal of Dalian University of Technology(Social Sciences),2008,29(2):37-42. |
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| Authors: | ZHANG You-hui LI Yan-xi GAO Rui |
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| Institution: | ZHANG You-hui,LI Yan-xi,GAO RuiSchool of Management,Dalian University of Technology,Dalian 116024,China |
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| Abstract: | To precisely analyze the impact of QFII(Qualified Foreign Institutional Investors) on the volatility of the share price of listed companies in China while considering other economic factors sufficiently,this paper controls two factors,the volatility of the stock index and the EPS(Earning Per Share) of the company,and makes an empirical study of relevant data of the stocks of Shanghai Securities held by QFII between 2003 and 2006 through spearman coefficient tests and multiple regressions.This research work ... |
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| Keywords: | QFII |
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