摘要
自沪深证券交易所建立和运行以来,中国含股市在内的现代资本市场已经运行20年。学界主要分别从资本(金融或证券)市场整体、直接相关的股票市场发展和结构性的区域板块等三个层面研究了上市制度对经济增长的影响。虽然从理论上讲上市将带来资本集中和公司内外治理水平提高等诸多促进经济增长的效果,但是,实证研究所得出的结论却是不一的,上市制度绩效变化的谱域呈自显著促进、不显著正相关、不确定、不显著负相关至明显阻碍,对其中的成因进而对策的探究显得意义十分重大。
Chinese Modern Capital Market（including Stock Market） has been in operation for about 20 years since Shanghai and Shenzhen Exchangers were established.Chinese researchers mainly studied the influence of listing institution on economy growth from the following three respective aspects： overall capital（financial or securities） market,direct relative development of stock market,and structural regional plates.Although being listed would bring capital concentration and improving management for companies to promote the economy growth theoretically,empirical results were not the same： the performances spectrum domain of listing institution varied from significant promotion,no significant positive relation,uncertain,no significant negative relation to significant block.It＇s important to explore the causes and countermeasures.
出处
《晋中学院学报》
2011年第1期53-57,共5页
Journal of Jinzhong University
关键词
资本市场
上市制度
经济增长
capital market
listing institution
economy growth
