Price Limit, Superior Information and Investor Behavior:Evidence from China Stock Market

被引：0
|
作者：
范利民 [1 ]
龙正平 [2 ]
朱宝军 [3 ]
机构：
[1] Business School,Guangxi University
[2] International Business Management and Administration School,Shanghai University of Finance and Economics
[3] Management School,Shanghai Jiaotong University
来源：
Journal of Donghua University(English Edition) | 2007年 / 04期
关键词：
price limit; price discovery; superior information; trade delay;
D O I：
10.19884/j.1672-5220.2007.04.026
中图分类号：
F832.51 [];
学科分类号：
020204 ; 1201 ;
摘要：
The mechanism of price limit impacts on informed traders’ behavior. To find out what effects related to price limit, three hypotheses caused by price limit are analyzed. Comprehensive method of event study and comparative grouping is used to test the performance of price limit in Chinese stock market. The result of test indicates that price limit policy impedes fulfillment of traders and delays the discovery of stock price so it should be abolished.
引用
收藏
页码：560 / 564
页数：5
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