“沪港通”对中国A、H股市场分割的影响被引量：15

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摘要通过建立动态面板模型,针对AH股市场,实证检验了市场分割性的三大假说。结果表明,信息不对称假说和流动性假说对我国AH股市场的分割性具有较强解释能力。通过AH股溢价率的基本统计特征,得出"沪港通"政策的推出使得AH股溢价率下降的初步结论。再采用事件研究法分析,得出结论:"沪港通"政策使AH股市场分割性降低。并利用时间趋势变量,发现AH股溢价率随时间推移降低,验证了我国AH股市场一体化趋势的预期。

作者屠年松吴常娟

机构地区昆明理工大学管理与经济学院

出处《管理现代化》 CSSCI 北大核心 2016年第2期14-20,共7页 Modernization of Management

基金国家自然科学基金项目(41461026) 云南省人民政府与中国社会科学院合作资助项目"中国与东盟国家和谐关系研究"(SYHZ2014004)

关键词沪港通市场分割股市

分类号 F832.5 [经济管理—金融学]

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