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https://ah.lib.nccu.edu.tw/handle/140.119/125105| 題名: | 中國股市熔斷機制對CSI300成份股的影響效果分析 On the impact of China’s Circuit Breaker Mechanism on the CSI300 constituent stocks |
作者: | 薛惠寧 Hsueh, Hui-Ning |
貢獻者: | 王信實 Wang, Shinn-Shyr 薛惠寧 Hsueh, Hui-Ning |
關鍵詞: | 熔斷機制 中國股市 Circuit Breaker China stock market Market efficiency CSI300 Index trade volume |
日期: | 2019 | 上傳時間: | 7-Aug-2019 | 摘要: | 無 The circuit breaker mechanism is primarily used as a financial monitoring tool to prevent extreme price volatility. This study explores whether after implementing the circuit breaker mechanism, the relevant policy will become more effective or will generate market panic and thus affect liquidity. Econometric analyses are used to verify the long-term and short-term impacts of a circuit breaker. The empirical results show that the liquidity has indeed decreased, but it did not exacerbate the investor`s selling behavior due to the policy implementation. Furthermore, the price drop is more severe in the short-term, while the trade volume decrease is more significant in the long-term. |
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資料來源: | http://thesis.lib.nccu.edu.tw/record/#G0106926002 | 資料類型: | thesis |
| Appears in Collections: | 學位論文 |
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