新冠疫情对AH股价差影响的实证研究  

Empirical Study of COVID-19 Pandemic Impact on AH Share Price Difference

作　　者：李英哲 LI Ying-zhe(Shandong College of Industry and Commerce,Yantai 264000,China)

机构地区：[1]山东工商学院,山东烟台264000

出　　处：《扬州教育学院学报》2022年第2期55-59,共5页Journal of Yangzhou College of Education

摘　　要：以2017年至2020年74家公司的日度数据为样本,对沪深港通开通后的AH股价格差异影响因素进行研究。研究发现,新冠疫情和投资者预期是影响AH股价格差异的重要因素,新冠疫情的发生对AH股溢价率具有正向影响作用,疫情发生后,AH股溢价率进一步增大。在新冠疫情持续蔓延下,稳定投资者预期有利于抑制AH股溢价率的进一步扩大。Taking the daily data of 74 sample companies from 2017 to 2020,the factors influencing the AH share price differences after the opening of Shanghai-Shenzhen-Hong Kong Stock Connect are studied.It is found that COVID-19 pandemic and investor expectations are important factors influencing the price difference of AH shares.The occurrence of COVID-19 pandemic has a positive impact on the premium rate of AH shares.The premium rate of AH shares has further increased after the outbreak of the pandemic.With the pandemic continuing to spread,stabilizing investor expectations is conducive to curbing further expansion of the premium rate of AH shares.

关 键 词：双重上市 AH股溢价率 新冠疫情 投资者预期 

分 类 号：F832.51[经济管理—金融学]