摘要
卖空交易机制作为现代证券市场中的重要交易制度,对完善整个市场功能起着不可或缺的作用。文章重点探讨了卖空机制价格发现功能的内在机理以及境外市场关于这一功能的实证结果。最后,文章建议我国股市应在适当时机引入卖空交易机制。
As an important trading system, the short selling mechanism plays a vital roles in perfecting the whole market functions. This paper focuses on the intrinsic mechanism of the price discovery function and discusses the empirical results in the overseas securities market. Finally, the paper suggests that the short selling mechanism he implemented in our stock market at appropriate time.
出处
《上海立信会计学院学报》
2006年第1期73-77,共5页
Journal of Shanghai Lixin University of Commerce
基金
上海证券交易所第十一期联合课题
国家自然科学基金项目(70373053)联合资助
关键词
卖空交易机制
价格发现功能
单边市
short selling mechanism
price discovery function
one-side market
