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论机构投资者的持股特征 被引量:8

On the Preferences of Institutional Investors for Stock Characteristics
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摘要 本文对机构投资者的持股特征进行了全面、系统的理论分析,并介绍国内外在实证研究方面取得 的成果,最后指出在现阶段研究我国证券投资基金持股特征的重要性。 The preferences of institutional investors for stock characteristics are analyzed comprehensively and systematically in this paper, And the empirical conclusions a-bout it are summarized in home and abroad country, Finally the importance of the research on preferences of investment funds for stock characteristics is emphasized in our country.
出处 《上海管理科学》 2004年第4期12-14,共3页 Shanghai Management Science
基金 国家自然科学基金项目(中国证券投资基金绩效评估与风险控制)的资助
关键词 机构投资者 证券投资基金 中国 股票制度 institutional investors, investment funds, stock characteristics, prudent rule
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参考文献4

  • 1[1]Badrinath,S. G. ,Gerald D. Gay,Jayant R. Kale, 1989, "Patterns of Institutional Investment, Prudence, and the Managerial 'safety - net'Hypothesis, " Jouranl of Risk and Insurance, 56 : 605 - 629. 被引量:1
  • 2[2]Del Guercio,D. , 1996, "The Distorting Effect of The Prudentman Laws on Institutional Equity Investments" Journal of Financial Economics,40 : 31 - 62. 被引量:1
  • 3[3]Fama,Eugene and Kenneth French, 1992, "The Cross- section of Expected Stock Returns,"Journal of Finance 46: 427 - 466. 被引量:1
  • 4[4]Gompers,Paul and Andrew Metrick, 1999, "Institutional Investors and Equity Prices,"NBER, working paper. 被引量:1

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