摘要
全流通作为现阶段中国股市结构调整的核心,对股市整体收益有负面冲击,然而调整越早,负面冲击越小。交易税费、公司分红和新筹资金对全收益率的贡献随着全流通的推进有所变化,但是新筹资金对于收益分布始终具有决定性影响。
Total circulating,a core factor for stock market restructuring currently,has a negative impact on total revenue of the stock market.However,the earlier restructuring takes place,the less negative impact it would occur.Transaction fee,corporation dividend and additional fund contribute differently with the promotion of total circulating,while additional fund always plays a deterministic role in revenue distribution.
出处
《经济理论与经济管理》
CSSCI
北大核心
2007年第11期45-50,共6页
Economic Theory and Business Management
关键词
全收益率
全流通
收益函数
total revenue
total circulating
revenue function
