Impact of information trading on stock excess returns: Evidence from Shenzhen GEM

机译：信息交易对股票超额收益的影响：来自深圳创业板的证据

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This paper focuses on studies of the effects of information trading on stock excess returns. We try to illustrate the information trading effect on the stock excess returns with a sample of 176 stocks on Shenzhen GEM. Using empirical tests, the results show that there is a positive and statistically significant correlation between information trading and stock excess returns.

机译：本文重点研究信息交易对股票超额收益的影响。我们尝试通过深圳创业板的176只股票样本来说明信息交易对股票超额收益的影响。使用经验检验，结果表明，信息交易与股票超额收益之间存在正向和统计上的显着相关性。

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《International Conference on Service Systems and Service Management》|2015年|1-5|共5页
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He Xiaohong; Liu Yucan;
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GEM; PIN; Stock Excess Return; Three-factor Model; Turnover;

机译：创业板;个人识别码;超额收益库存;三要素模型;周转;

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Impact of information trading on stock excess returns: Evidence from Shenzhen GEM

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