摘要
针对有效市场假设理论 (EMH)基本假设中关于专业套利者促成市场有效的作用 ,本文提出置疑。根据行为金融学理论 ,建立有限套利的代理模型 ,从理论上揭示专业套利者的套利行为对市场的影响力量是极其有限的 。
The paper puts forward doubt about professional buyers who fraudulently purchase interests and promote markets efficient function under EMH.According to financial theory,to establish acting model for limited purchasing interests fraudulently reveals theoretically that the action of fraudulently purchasing interests influential power for markets is limited and its function for promoting effects of markets is very little. [
出处
《山西高等学校社会科学学报》
2003年第11期41-43,共3页
Social Sciences Journal of Universities in Shanxi
关键词
有效市场
行为金融
专业套利者
有限套利
代理模型
efficient markets
finance of action
buyer to purchase interests fraudulently
limited purchasing interests
acting model
