期刊文献+

B股折价之模型与实证解析─—论B股市场开放的适时性和有效性 被引量:1

Theoretical Model and Empirical Verification on B Share Discounts-Study on Timelyness and Effectiveness of B Share Market's Open Policy
下载PDF
导出
摘要 在证券市场高度割裂前提下,由B股市场一系列制度缺陷所导致的境内外投资者之间的信息不对称效应会造成严重的B股折价,进而成为制约B股市场发展的重要因素。若从这一角度看,目前政策的重要意义就在于降低市场割裂和信息不对称程度,改善B股折价问题,为A、B股市场的统一和发展消除障碍。 The opening and developing of Chinese B share markets have become a hotspot of academe and securities busi- ness. From the point of B share discount problem, the author makes a systemic study on timelyness and effectiveness, background and reason of B share market's open policy. With the developing theoretical model and empirical verifica- tion, he provides a further quantitative analyse and brings forward some feasible policy proposals.
作者 范钛
出处 《西南民族学院学报(哲学社会科学版)》 北大核心 2001年第6期187-192,共6页 Journal of Southwest University for Nationalities(Philosophy and Social Sciences)
  • 相关文献

参考文献8

  • 1Sze(1993)和 Kaye and Cheng(1992).
  • 2Domowitz (1997). Alexander(1987).
  • 3Alexander, G. J., C. Eun and S. Janakiramanan, 1987, "Asset Pricing and Dual Listing on Foreign Capital Markets: A Note," Journal of Finance, 42, 151 - 158.
  • 4Domowitz, 1, J. Glen and A. Madhavan, 1995, "International Cross- Listing, Ownership Rights and Order Flow Migration: Evidence form Mexico," unpublished working paper.
  • 5Grossman, S. J. and J. E. Stiglitz, 1980, "On the Impossibility of Informationally Efficient Markets," American Economic Review, 70, 393-408.
  • 6Kaye, L. and E. Cheng, 1992, "Babes in the Bourse," Far Eastern Economic Review, 16 July1992, 48 - 50.
  • 7Sze, J. W. , 1993, "The Allure of B Shares," The China Business Review, January- February 1993, 42-48.
  • 8Wo, C. S., 1997, "Chinese Dual - Class Equities: Price Differentials and Information Flows," Emerging Markets Quarterly, Summer 1997,47 - 62.

同被引文献5

引证文献1

二级引证文献3

相关作者

内容加载中请稍等...

相关机构

内容加载中请稍等...

相关主题

内容加载中请稍等...

浏览历史

内容加载中请稍等...
;
使用帮助 返回顶部