摘要
为了防范机构投资者操纵股市的行为,保护中小投资者的利益,提高证券市场效率,利用信息经济学的分析方法,通过信号传递博弈模型,对中国证券市场中普遍存在的机构操纵股市行为产生的条件、机制、制约因素,以及对证券市场效率的影响作了分析。最后依据分析的结果提出了具有建设性的建议。
In order to guard against the manipulation on the stock market made by institutional investors, protect personal investors' benefits, and improve the efficiency of stock market, this article attempts to analyze the institutional manipulation that often happens in our country's stock market, its conditions, mechanism, restriction factors, and its impact on the efficiency of securities market. The analysis is conducted by employing the methods used in the information economics and the signaling game model. Furthermore, basing on the analysis results, the article proposes some constructive suggestions.
出处
《重庆大学学报（自然科学版）》
EI
CAS
CSCD
北大核心
2005年第3期136-140,共5页
Journal of Chongqing University
基金
重庆市教育委员会 2004人文社科基金资助课题
关键词
博弈
机构投资者
散户投资者
game
institutional investor
personal investor
