股票市场和债券市场的价格联动与信息溢出研究综述  

A Review of Price Linkage and Information Spillover Between the Stock and Bond Markets

作　　者：张雪莹[1] 王玉琳[1] 栗沛沛 ZHANG Xueying;WANG Yulin;LI Peipei(School of Finance,Shandong University of Finance and Economics;Department of Finance,Business School,Southern University of Science and Technology)

机构地区：[1]山东财经大学金融学院 [2]南方科技大学金融系

出　　处：《金融市场研究》2023年第8期129-139,共11页Financial Market Research

基　　金：国家自然科学基金项目“政府债务对货币政策的影响——基于利率传导渠道的研究”(项目号:71573155)。

摘　　要：探索股债市场间的价格联动与信息溢出对于监管层防范金融风险、企业优化融资方式和投资者有效配置资产具有重要意义。综述从股债市场间价格联动关系和信息溢出两个角度对国内外最新研究进行梳理和总结,在此基础上针对现有文献的不足及空缺,基于我国股债市场发展现状,从样本数据和实证内容等多方面探讨未来的研究方向,以期为股债关系的进一步研究提供参考。Exploring the price linkage and information spillover between the stock and bond markets is of great significance for regulators in preventing financial risks,ensuring that enterprises are able to optimize their financing methods and investors can allocate assets effectively.This paper reviews the latest domestic and foreign research on the price linkage relationship and information spillover between the stock and bond markets.It also discusses various aspects of potential future research,such as sample data and empirical content,in order to provide a reference for further studies of stock and bond market relationships.

关 键 词：联动效应 领先-滞后效应 信息溢出效应 

分 类 号：F832.51[经济管理—金融学]