| 股指期货对股票市场定价效率的影响 |
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| 引用本文： | 傅坤山,胡敏. 股指期货对股票市场定价效率的影响[J]. 价值工程, 2009, 28(5): 146-148. DOI: 10.3969/j.issn.1006-4311.2009.05.050 |
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| 作者姓名： | 傅坤山 胡敏 |
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| 作者单位： | 山东经济学院,济南,250014;山东经济学院,济南,250014 |
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| 摘 要： | 股指期货的推出,能够大大提高股票市场的定价效率。在动态非均衡市场上,股指期货的价格形成集中并传递大量信息。这些信息通过股指期货市场与股票市场间的套利机制及时传递到股票市场,增加相关股票组合价格的信息含量,引导和发现现货价格,从而提高股市的定价效率。
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| 关 键 词： | 股指期货 价格发现 定价效率 |
The Impacting on Stock Index Futures for Pricing Efficiency of Stock Market |
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| Fu Kunshan,Hu Min. The Impacting on Stock Index Futures for Pricing Efficiency of Stock Market[J]. Value Engineering, 2009, 28(5): 146-148. DOI: 10.3969/j.issn.1006-4311.2009.05.050 |
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| Authors: | Fu Kunshan Hu Min |
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| Affiliation: | Shandong Institute of Economics;Jinan 250014;China |
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| Abstract: | The development of Stock Index Futures Trading has improved the pricing efficiency of stock market.The price of stock index future puts together and transfers large amount of information,and can be immediately transmitted by the arbitrage mechanism between stock market and stock index future market in dynamic non-equilibrium market.Therefore stock index future leads and discoveries stock price and then is beneficial to the improvement of pricing efficiency of stock market. |
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| Keywords: | stock index futures price discovery pricing efficiency |
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