摘要
本文研究国内外机构投资者的偏好、作用、投资策略、交易策略、交易规模及机构投资者持有量与股票收益波动的关系,综述了机构投资者对股票价格波动的影响。本文的研究将为提高我国机构投资者的业务创新、投资管理等能力,促进我国机构投资者的国际化、本土化、规范化提供理论依据和支持。
This paper analyzes the relationship between stock price volatility and institutional investors and briefly reviews institutional investors＇ preference of selecting stocks, roles in stock market, investment and trading strategies, trading scales, and the relationship between changes in institutional ownership and returns. This research would like to provide theoretical evidences and supports for increasing our institutional investors＇ capabilities of innovation and investment, improving their internationalization, localization and standardization.
出处
《上海财经大学学报》
CSSCI
2006年第5期91-97,共7页
Journal of Shanghai University of Finance and Economics
基金
国家自然科学基金项目(70673056)
上海财经大学"211"科研项目资助
关键词
机构投资者
股票价格波动
股票市场
institutional investors
stock price volatility
stock markets
