摘要
利用事件研究方法研究证券交易印花税调整对上海证券市场综合指数的影响,指出印花税税率下调会提高股票价格指数水平,而上调会降低股票价格指数水平,即两者之间呈现一种负相关的关系,进而指出证券交易印花税可以作为一种调控证券市场的宏观政策工具。
Using event study, the paper analyzed the effect of adjustment of stamp duty rate, on stock price index and pointed out that decrease of stamp duty rate could raise stock price index and lead to a distinct positive rate of return while increase of stamp duty rate could lower stock price index, and lead to a dis- tinct negative rate of return. The reform stamp duty rate was proven to be a useful macro political instrument.
出处
《大连海事大学学报（社会科学版）》
2007年第6期47-50,共4页
Journal of Dalian Maritime University(Social Science Edition)
基金
国家社会科学基金资助项目(07BJY159)
关键词
上海证券市场
股票综合指数
印花税
Shanghai stock market
stock price index
stamp duty rate
