摘要
基于有效市场假说理论的局限性 ,讨论并评述了使用传统有效市场检验方法对中国股票市场的有效性检验 ,阐述了不能用弱型有效市场理论来定位中国股市定价的有效性问题的观点 .并认为 ,对于中国股市的效率 ,必须将其自身的运行机制同外部制度、经济环境结合起来加以考察 ,才能比较完整和准确地把握 .
According to the limitation of the theory of Efficient Market Hypothesis(EMH),the paper discusses empirical studies about China's stock markets' efficiency with traditional methods of EMH, and expounds that the conclusion of weak-form efficient marketis irrational to describe China's stock markets' efficiency. To understand the theme of China's stock markets' efficiency more completely and correctly, we must consider both the running mechanism of China's stock markets and their institutional and economic contexts.
出处
《郑州纺织工学院学报》
2001年第4期42-45,49,共5页
Journal of Zhengzhou Textile Institute
