摘要
交易额分布特征研究是股票市场微观研究的主要内容,然而目前还没有从行业角度的研究。本文使用研究社会财富分配的洛仑兹曲线和基尼系数以交易额为指标剖析行业内部和行业之间的交易额分布特征。从沪深两市交易额分布的基尼系数大小排序看,在总交易额中分布比较均匀或者极不均匀的是个别行业；多数属于中间状态,从当前中国证券市场的发展水平看,这是正常的。这项研究对于金融市场和实体经济的行业研究都有参考价值,并且可以服务于上市交易资源配置的进一步研究。
Although the study of characteristic of transaction distribution is crucial for market microstructure study, research at industry level has not yet been done. This paper analyzes the characteristic of transaction distribution within industries and among industries, by borrowing the Gini coefficient method. From the ordering of Gini coefficients, the transaction is uniformly or extremely distributed only in a few industries. For majority the transaction is in the normal state which is consistent with the financial development in China at present. This study is helpful for study of Chinese financial market system and real economy at industry level, and can also serve further study of resource allocation for being listed.
出处
《首都经济贸易大学学报》
2006年第3期77-82,共6页
Journal of Capital University of Economics and Business
关键词
行业研究
交易额分布
市场微观结构
基尼系数
industry study
market microstructure
transaction distribution
Gini coefficients
