中文会议: 2006年中国国际金融年会论文集
会议日期: 2006-01-01
会议地点: 西安
主办单位: 清华大学中国金融研究中心
机构地区: 厦门大学管理学院
出 处: 《2006年中国国际金融年会》
摘 要: IN CHINA, STOCK PRICES TEND TO MOVE UP OR DOWN TOGETHER, WHICH IMPLIES THE LOW FIRM-SPECIFIC INFORMATION BEING CAPITALIZED INTO STOCK PRICES. THIS PAPER AIMS TO TRACK THE CHANGE OF THE INFORMATION CONTENT OF STOCK PRICES BY A SAMPLE OF LISTED COMPANIES FROM 1994 TO 2005 IN CHINA. THE RESULTS OF EMPIRICAL INVESTIGATION SHOWS THAT WITH THE EVOLVEMENT OF INSTITUTION CONSTRUCTION, THE INFORMATION CONTENT OF STOCK PRICES DISPLAYS A LONG-TERM UPWARD TREND.
分 类 号: [ZZ]
领 域: [文化科学]