摘要
中国证券市场自成立以来,股价一直处于异常的波动中。本文通过构建机构和散户的博弈模型,分析了由于信息不对称,导致了机构操纵股价;构建机构和机构的博弈模型,分析了机构联合操纵股价和股市泡沫的问题;并针对股价异动提出相应对策。
Since the stock markets were established in China,the stock price have fluctuated abnormally.This paper establishes game model of institutional investor and individual investor,and analyses that the condition of information dissymmetry between institutional investor and individual investor leads institution investor to manipulate stock price.With establishing game model of institutional investors,this paper elaborates that institutional investors jointly manipulate stock price and bubble exists in stock market.Finally it raises the proposal to resolve abnormal fluctuation.
出处
《华东经济管理》
2004年第2期136-138,共3页
East China Economic Management
基金
陕西省软科学立项课题<陕西上市公司股权融资行为研究>的阶段性成果
课题编号2002KR11。
