首页> 外文期刊>International Business Research >The Impact of Ownership Structure on the Private Information: An Empirical Study Based on China’s A-Share Market
【24h】

The Impact of Ownership Structure on the Private Information: An Empirical Study Based on China’s A-Share Market

机译:所有权结构对私人信息的影响:基于中国A股市场的实证研究

获取原文
           

摘要

Ownership structure will have a certain impact on the private information of a company, which will have a complex impact on the financial market. Therefore, it is necessary to study the impact of the ownership structure on private information. This paper uses the monthly data of individual stocks in A-share from 2019 to 2020 to calculate the goodness of fit 2 R of the CAPM model to measure the private information content, and then conducts multiple analysis processes such as multicollinearity analysis and heteroscedasticity analysis to ensure the accuracy of the model. Then, this paper uses the WLS regression method for final calculation. The results show that the higher ownership concentration, the less private information content, the weaker private information arbitrage. Finally, this paper puts forward some valuable suggestions for China's financial market based on the empirical results.
机译:所有权结构将对公司的私人信息产生一定影响,这将对金融市场产生复杂的影响。 因此,有必要研究所有权结构对私人信息的影响。 本文在2019年至2020年使用个人股票的每月数据到2020,计算CAPM模型的拟合2 R的良好,以测量私人信息内容,然后进行多种分析过程,如多含量分析和异源性分析 确保模型的准确性。 然后,本文使用WLS回归方法进行最终计算。 结果表明,较高的所有权集中,私人信息内容较少,私人信息较差。 最后,本文对中国的金融市场提出了一些有价值的建议,基于实证结果。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱:kefu@zhangqiaokeyan.com

京公网安备:11010802029741号 ICP备案号:京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有
  • 客服微信

  • 服务号