| 合格境外机构投资者投资行为的实证分析 |
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| 引用本文： | 邢学艳,曹阳.合格境外机构投资者投资行为的实证分析[J].经济经纬,2008(5). |
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| 作者姓名： | 邢学艳 曹阳 |
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| 作者单位： | 华东师范大学,商学院,上海,200062 |
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| 摘 要： | 根据QFII每季度公布的投资组合数据,对其交易行为进行研究,结果发现:QFII存在正向反馈策略和"羊群行为",而已有的研究证明,正向反馈策略和"羊群行为"不利于股票市场稳定。因此,要注意加强对QFII投资的监管,尤其是QFII信息披露的监管。
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| 关 键 词： | QFII 反馈策略 羊群效应 |
An Empirical Analysis of QFII Investment Behavior |
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| XING Xue-yan,CAO Yang.An Empirical Analysis of QFII Investment Behavior[J].Economic Survey,2008(5). |
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| Authors: | XING Xue-yan CAO Yang |
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| Abstract: | According to the portfolio data released by QFII every quarter,QFII's transaction behavior is studied.The result finds that positive feedback strategy and "herding behavior" exist in QFII.The existing researches demonstrate that positive feedback strategy and "herding behavior" are not beneficial for the stabilization of stock market.Therefore the supervision of QFII's investment should be strengthened,especially the supervision of QUII's information disclosure. |
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| Keywords: | QFII feedback strategies herding effect |
| 本文献已被 CNKI 维普 万方数据 等数据库收录！ |
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