我国机构投资者行为特征及其对市场有效性影响的分析.pdf

我国机构投资者的行为特征及je对市场有效性的影响分析 Abstract withthefinancial socialdivisionoflabor Along industry unceasing institutionalfor the evolution， investors，examplesuperannuation insurancefundandtheinvestmentfundare fund，the deVelopingrapidly． world investor’s Onthemain marketinthe institutional capital haveincreased the proportion unceasingly．Thechangesbroughtright themature of centralism．And capitalpropertyownershipdaily degree of institutional of marketis trendinvestment capital higher，the hasinitiated ismoreremarkable．Thusthis the development tendency investormoreand theoriststo attentiontoinstitutional more． Pay theestablishmentofChina’s morethan Although capitalmarket，but adozen innationaleconomiclifehasbecome years，butrapidgrowth an marketinrecent indispensablecomponent．Capital years，notably in countries，the ofa modelof developed rapiddevelopment institutional ChinaSecurities Commission investors，the Regulatory ofinstitutional proposeda’’super—normaldevelopment investors，”the ofthe