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日内回转交易的市场效果:基于上海证券市场的实证研究 被引量:14

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摘要 本文利用沪市逐笔交易数据,实证研究了日内回转交易制度对市场的影响。结果表明,日内回转交易提高了市场流动性和定价效率,但并未加剧价格波动和增加投资风险。波动性与产品特征有关,与日内回转交易制度无关。日内回转交易有助于减少投资者损失,降低交易风险。
作者 刘逖 叶武
出处 《新金融》 2008年第3期38-42,共5页 New Finance
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参考文献11

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