摘要
利用模拟的方法研究了操纵所造成的股价行为以及可以采取的监管措施。结果表明 ,模拟出来的股价行为符合实证研究的结果 ;涨跌停板等监管措施无法对操纵产生本质影响 。
The paper studies the manipulation effect on stock price and the regulation methods that can be used through simulation analysis. The results of stock price from the simulation are consistent with that of empirical studies. It is found that current regulation methods such as price limit cannot essentially restrict manipulation, and that it is most important to introduce rational investors to the market to avoid manipulation.
出处
《财经理论与实践》
CSSCI
北大核心
2004年第4期61-65,共5页
The Theory and Practice of Finance and Economics
