Chinese Stock Market Efficiency of Capital Allocation Function

Zhang, Xuan and Ren, Mang (2016) Chinese Stock Market Efficiency of Capital Allocation Function. Wuhan International Conference On E-Bisnis.

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Abstract

Using the efficiency of capital allocation function to characterize the stock market system efficiency.Using panel data analysis method,from a regional perspective empirical analysisto implement the stock market during the capital allocation function efficiency issue approval system for China.The results show: the efficiency of resource allocation of China stock market is lower,and stock market system is inefficient.Point:Chinese stock market institutional change should transform from"government-led" to "market-oriented"and increase penalties for violations to cultivate rational and mature investors in order to achieve the stock market system function better,enhance system efficiency.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
Divisions: Faculty of Industrial Engineering and Informatics > Information System
Depositing User: staff repository 2
Date Deposited: 01 Aug 2018 17:50
Last Modified: 01 Aug 2018 17:50
URI: http://repository.ittelkom-pwt.ac.id/id/eprint/1663

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