本文選題：融資融券　切入點(diǎn)：滬深指數(shù)　出處：《會(huì)計(jì)之友》2017年02期

【摘要】：文章以滬深300指數(shù)為樣本數(shù)據(jù)研究2014年9月22日第四次擴(kuò)容前后,融資融券交易對(duì)我國股票市場波動(dòng)性的影響。研究表明兩融標(biāo)的證券第四次擴(kuò)容對(duì)市場波動(dòng)性有顯著的正向影響。進(jìn)一步對(duì)兩個(gè)分樣本估計(jì)結(jié)果顯示,隨著時(shí)間的推移,融資融券業(yè)務(wù)平抑股票市場波動(dòng)的效果更加穩(wěn)定。最后將實(shí)證結(jié)果與我國融資融券發(fā)展現(xiàn)狀相結(jié)合提出相關(guān)對(duì)策建議。
[Abstract]:Based on the sample data of CSI 300 index, this paper studies the influence of margin trading on the volatility of Chinese stock market before and after the fourth expansion on September 22, 2014.The results show that the fourth expansion of the securities with two financial targets has a significant positive effect on market volatility.The results of two sample estimates show that with the passage of time, the securities financing and short selling business is more stable in stabilizing the volatility of the stock market.Finally, the empirical results are combined with the current situation of margin financing in China to put forward relevant countermeasures.
【作者單位】： 天津科技大學(xué);
【基金】：天津科技大學(xué)金融工程與風(fēng)險(xiǎn)研究中心資助項(xiàng)目
【分類號(hào)】：F832.51

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本文編號(hào)：1726966