摘要
利用2001年第3季度至2007年第2季度的季度指标,从宏观角度分析证券投资基金发展对沪深两市大盘指数的影响。实证研究结果表明:基金数量、封闭式基金数量、开放式基金数量和基金规模等四个表征基金发展水平的指标,以双对数线性模型形式影响沪深大盘指数,且影响程度和方向各不相同,而基金公司数量和基金份额的变动,对指数不产生影响。
Based on quarterly indicators from the 3rd quarter in 2001 to the 2nd quarter in 2007, this paper Analyses the impact of Securities Investment Fund on the stock market index from a macro point of view. The results of the empirical analysis show that, the number of fund, closed-end funds, open-end funds and the scale of funds have impact on the stock market index in the form of double loglinear model, and the extent and direction are different. However the number of Fund Management Company and the fund share do not have any impact on the index.
出处
《财经理论与实践》
CSSCI
北大核心
2008年第2期69-72,共4页
The Theory and Practice of Finance and Economics
基金
湖南省统计科研项目(200433)
