沪市A股弱式有效性实证研究——基于行业角度的检验

发布时间：2018-05-25 01:20

  本文选题：沪市A股 + 行业数据　； 参考：《求索》2011年08期

【摘要】：作为新兴证券市场的中国证券市场是不是已经达到弱式有效的问题,国内学术界尚存不同见解。基于此,本文在弱式效率细分的基础上,建立一个统一的实证检验方法体系,并运用这一新的体系对沪市各行业的弱式效率进行了实证检验。研究表明,沪市A股21个行业市场效率都已达到弱式有效Ⅰ,只有印刷、信息与房地产行业达到弱式有效Ⅱ水平,但这三个行业都没有达到弱式有效Ⅲ。只有整个市场中各行业的效率都达到了弱式有效,整个市场才能达到弱式有效。因此,沪市各行业目前只是处于弱式有效的初级水平。
[Abstract]:As the emerging securities market, the Chinese securities market has reached the weak effective question, the domestic academic circles still have different views. Based on this, this paper establishes a unified empirical test method system on the basis of weak efficiency subdivision, and uses this new system to test the weak efficiency of Shanghai stock market. The results show that the market efficiency of 21 A-share industries in Shanghai stock market has reached weak efficiency 鈪，

本文编号：1931432