| 机构投资者行为模式及对市场定价效率的影响 |
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| 引用本文： | 黄革,李林.机构投资者行为模式及对市场定价效率的影响[J].系统工程,2011(2):21-26. |
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| 作者姓名： | 黄革 李林 |
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| 作者单位： | 湖南大学工商管理学院; |
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| 摘 要： | 从机构投资者行为模式与资本市场定价效率关系的角度出发,对我国机构投资者行为模式进行归纳总结,并利用证券投资基金的持股数据实证研究了基金持股行为及持股变动对资本市场定价效率的影响,研究发现我国证券投资基金的持股及持股变动行为在总体上有利于提高资本市场的定价效率.
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| 关 键 词： | 机构投资者 行为模式 市场定价效率 持股集中度 |
Institutional Investors' Behavior Patterns and Their Influence on Pricing Efficiency of Capital Market |
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| HUANG Ge,LI Lin.Institutional Investors' Behavior Patterns and Their Influence on Pricing Efficiency of Capital Market[J].Systems Engineering,2011(2):21-26. |
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| Authors: | HUANG Ge LI Lin |
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| Affiliation: | HUANG Ge,LI Lin (School of Business Administration,Hunan University,Changsha 410082,China) |
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| Abstract: | Based on the relationship between institutional investors' behavior patterns and capital market pricing efficiency,this paper summarizes institutional investors' behavior patterns in China.In this research,the influence of holding securities conduct and the changes in shareholdings of investment funds on pricing efficiency of capital market has been investigated by using the data of fund holding securities.Results indicate that the conduct of holding securities by investment funds is helpful to improve the ... |
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| Keywords: | Institutional Investors Behavior Patterns Pricing Efficiency of Capital Market Stock Concentration Degree |
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