摘要
我国的开放式基金在迅速发展的同时也经历了大规模的赎回,而基金投资者的流动性需求是导致赎回行为的主要原因.本文运用2004年和2005年开放式基金的季度数据,研究了不同类型开放式基金投资者流动性需求的影响因素.研究表明,投资者流动性需求受多种因素的影响,并且不同类型基金投资者流动性需求的影响因素也是有差异的.
Severe mutual fund redemption has caused instability to the security market.Using a unique data set of fund scale from 2004 and 2005,analyzing different style fund,this study empirically investigates what affect the Open-end fund investor's liquidity demand.It is shown that the fund investor's liquidity demand is related to several factors,and the influence effect on different style fund is different.
出处
《华东交通大学学报》
2006年第6期28-30,56,共4页
Journal of East China Jiaotong University
