| 机构投资者套利限制研究 |
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| 引用本文： | 王歌.机构投资者套利限制研究[J].聊城大学学报(社会科学版),2011(2):283-284. |
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| 作者姓名： | 王歌 |
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| 作者单位： | 郑州大学商学院,河南郑州,450001 |
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| 摘 要： | 机构投资者由于在资金、人才和管理等方面的比较优势,投资行为较少依赖噪音或市场情绪,使其部分抵消个人投资者的非理性行为。但机构投资者的投资偏好和成本等的制约,与客户代理关系所涉及的道德风险等,使得机构投资者的套利行为受到限制。利用对有效市场假说的反驳,在各种客观约束下对机构投资者的有限套利行为进行研究,从而验证机构投资者的套利行为受到限制。
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| 关 键 词： | 机构投资者 有效市场假说 套利限制 |
The Research of Arbitrage Restrictions of Institutional Investors |
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| WANG Ge.The Research of Arbitrage Restrictions of Institutional Investors[J].Journal of Liancheng University:Social Sciences Edition,2011(2):283-284. |
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| Authors: | WANG Ge |
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| Institution: | WANG Ge(School of Business,Zhengzhou University,Zhengzhou,450001) |
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| Abstract: | Institutional investors depend on the advantages of funds,talent and management,and less relay on noise and market sentiment.So they can partly offset individual investors' irrational investment.On the other hand,because of institutional investors' preferences,cost of investment,and risk of agent,their arbitrage restrictions are limited.Utilizing the rebuttal of Efficient Market Hypothesis to study the limited arbitrage in a variety of objective constraints on institutional investors to verify the arbitrage... |
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| Keywords: | Institutional investor Efficient Market Hypothesis Arbitrage restriction |
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