A、H股交叉上市能提高流动性吗?

被引：7

作者：

周开国

王建军

机构：

[1] 中山大学岭南学院

来源：

证券市场导报 | 2011年 / 12期

关键词：

交叉上市; 流动性; 约束假说;

D O I：

暂无

中图分类号：

F832.51 [];

学科分类号：

摘要：

本文选取了先发行H股后发行A股的40只交叉上市股票作为研究样本,在统计检验的基础上,采用事件研究法和面板数据回归方法相结合分析了交叉上市的流动性效应。研究结果发现,H股回归A股市场这一事件公布后的30个交易日里,A、H股交叉上市公司所发行H股的换手率相对于公告前有显著的增大,即A、H股交叉上市能够提高上市公司股票短期内的流动性。本文的研究结果对交叉上市的相关文献做出了重要补充,并且具有重要的政策含义。

引用

页码：65 / 73

页数：9

共 21 条

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