开放式基金对股价波动影响的实证分析

随着我国市场经济的进一步深化和全球经济一体化进程的加快,开放式基金作为一种新的金融投资工具,在我国得到了迅猛的发展。开放式基金的投资行为对市场所产生的影响一直是学术界关注的焦点。因此,文章通过对开放式基金持有个股的比重与个股股价波动的关系进行实证检验,研究了开放式基金的投资行为对市场所产生的影响,得出了开放式基金持有个股的比重与个股的股价波动呈显著的正相关性的结论,并在此基础上提出了我国开放式基金发展的相关政策和建议。

Demonstration Analysis of the Effects of Open-ended Fund on the Volatility of Stock Price

As China's market-oriented economy has been further deepened and the global economic integration has hastened progress, open-ended fund, a new means of financial investment, is developing rapidly in China. The effects of the act of investing open-ended fund on market have been the focus of the academic community's attention. Therefore, an inspection of real demonstrations is done to see the relation between the portion of open-ended fund and the volatility of stock price and the effects of the act of investing open-ended fund on market. The result indicates that there is a significant correlation between the portion of open-ended fund and the volatility of stock price. Based on this, some corresponding policies and suggestions are provided for the development of China's open-ended fund.