R2的复活——股价同步性研究评述与展望

被引：31

作者：

游家兴

机构：

[1] 厦门大学管理学院财务学系

来源：

管理科学学报 | 2017年 / 20卷 / 03期

关键词：

R2; 股价同步性; 资产定价;

D O I：

暂无

中图分类号：

F832.51 [];

学科分类号：

1201 ; 020204 ;

摘要：

R2是最近十几年迅速发展的一个研究课题,其研究取向从纯粹的计量经济学符号演变为股价同步性特征变量,并与公司特质信息含量联系起来,赋予了全新的内涵.学者们通过跨学科的交叉与融合,从法与金融理论、委托代理理论、信息不对称理论、公司治理理论等视角对R2背后的生成机制、作用渠道和影响后果展开富有成效的研究.本文首先梳理从资产定价模型到R2,再从R2到股价同步性中间的学理关系和因果顺承,接着回顾了关于R2形成机理与经济后果的相关讨论,然后对R2的学术争论进行总结和评述,最后就R2的溯源问题、以及文化与政治潜在影响对未来R2研究提出展望.

引用

页码：63 / 79

页数：17

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