机构投资者一定能够稳定股市吗？——来自中国的经验证据
Institutional investors have long been advocated for their significant function in stabilizing the Chinese stock market especially in decreasing stock price volatility. This paper studies institutional investors’ impact on stock price volatility in detail. We find that the different types of institutional investors with very different trading behaviors, the overall impact of institutional investors on stock market volatility is statistically insignificant; and the impact of the mutual funds on stock price volatility varies with the structure and the environment of the stock market.
Institutional Investors Stabilizing Stock Market Buying and Selling Behavior
何佳 何基报 王霞 陈建瑜
香港中文大学工商管理学院 深圳证券交易所综合研究所 518028
国际会议
成都
中文
2007-07-09（万方平台首次上网日期，不代表论文的发表时间）