规范证券投资基金业绩评级机构的意义——基于基金评级参与主体的谈判力

On the Significance of Standardizing Performance Rating Agencies for Securities Investment Fund——On the Bargaining Power of Individual Participant for Securities Investment Fund

目前国内对证券投资基金业绩评级的研究大多数处于建立在数学模型上的学理性分析,针对基金评级的各项技术指标,讨论其评价体系以及评级机构的合理性。目前中国的基金评级市场,分析基金评价体系指标"应该怎么构建"的研究已经做得比较充分,本文以基金业绩评级涉及各个参与主体的谈判力为视角,来探讨"为什么构建"规范的证券投资基金评级机构的问题。

At present,most of domestic studies over the performance rating of securities investment fund are still confined to scientific analyses based on mathematical models,and usually in such analyses,the rationality of the rating systems and rating agencies will be discussed with reference to various technical indexes involved in fund ratings.It is safe to say that so far researches concerning ＂how to construct＂ the fund rating system in China＇s fund rating market have been relatively sufficient.This paper,from the perspective of analyzing the bargaining power of individual participant concerned in the performance rating of securities investment fund,discusses ＂why to construct＂ standardized rating agencies for securities investment funds in China.