论文部分内容阅读
本文对影响资本市场效率提高的因素做出分析,从信息完美性与市场效率、市场参与者理性与市场效率、竞争性与市场效率、市场摩擦性与市场效率四个方面分析了影响资本市场效率的因素,当这些因素获得改善时,资本市场效率将随之提高。本文最后结合中国资本市场的发展历史,结合资本市场的制度建设、法律法规颁布、投资者教育等重要事件分析了中国股票市场效率动态演化的过程。
This article analyzes the factors which affect the efficiency of capital market, and analyzes the factors influencing the efficiency of capital market from the aspects of information perfection and market efficiency, market participants’ rationality and market efficiency, competitiveness and market efficiency, market friction and market efficiency When these factors are improved, the capital market efficiency will increase. Finally, the paper analyzes the process of the dynamic evolution of China’s stock market by combining with the history of China’s capital market development, combining with the institutional construction of capital market, the promulgation of laws and regulations, investor education and other important events.