B股折价之模型与实证解析─—论B股市场开放的适时性和有效性  

Theoretical Model and Empirical Verification on B Share Discounts-Study on Timelyness and Effectiveness of B Share Market's Open Policy

作　　者：范钛[1] 

机构地区：[1]西南交通大学经济与管理学院,四川成都610031

出　　处：《西南民族学院学报（哲学社会科学版）》2001年第6期187-192,共6页Journal of Southwest University for Nationalities(Philosophy and Social Sciences)

摘　　要：在证券市场高度割裂前提下，由Ｂ股市场一系列制度缺陷所导致的境内外投资者之间的信息不对称效应会造成严重的Ｂ股折价，进而成为制约Ｂ股市场发展的重要因素。若从这一角度看，目前政策的重要意义就在于降低市场割裂和信息不对称程度，改善Ｂ股折价问题，为Ａ、Ｂ股市场的统一和发展消除障碍。The opening and developing of Chinese B share markets have become a hotspot of academe and securities busi- ness. From the point of B share discount problem, the author makes a systemic study on timelyness and effectiveness, background and reason of B share market's open policy. With the developing theoretical model and empirical verifica- tion, he provides a further quantitative analyse and brings forward some feasible policy proposals.

关 键 词：B股折价 信息不对称 市场开放 证券市场 B股市场 中国 适时性 有效性 制度缺陷 信息披露制度 

分 类 号：F832.5[经济管理—金融学] F830.91