The Volatility Research Based on the Except of Share Merger Reform

摘要：

Based on the foreign research model, the expression of equilibrium price based on the expected full circulation is obtained in the text with consideration of the actual factors of the bond markets in China, and a volatility model is set up through the analysis of factors of equilibrium price as well. The study indicates that enterprises with less equity scale will encounter higher volatility, and the share merger reform will help to decrease the market volatility.

关键词： equity scale full circulation expectation market microstructure non-tradable ratio the share merger reform volatility

作者: Zhang Xiao-mao

作者单位: Institute of Technology Economics and Management, Changsha University of Science and Technology Changsha, P. R. China, 410076

会议类型: 国际会议

会议名称: 第三届IEEE无线通讯、网络技术暨移动计算国际会议

会议地点: 上海

会议语种:英文

在线出版日期: 2007-09-21（万方平台首次上网日期，不代表论文的发表时间）