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中国证券投资基金管理人行为研究

Probing into the Manager’s Behavior of China’s Securities Investment Fund

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【作者】 肖欣荣

【Author】 Xiao Xin-rong

【机构】 北京大学光华管理学院 北京100871

【摘要】 中国证券投资基金经过十几年的发展已经初具规模,在功能和结构上也基本步入了健康发展的轨道,但运作不规范、投资风格趋同等现象却让人们对证券投资基金制度在中国资本市场的发展充满忧虑。其中证券投资基金管理人(指证券投资基金管理公司)的作用举足轻重,他们的行为在基金实际管理和运作中起到了非常重要的作用。对这些行为及背后原因的分析,将有助于规范和引导基金管理人行为,促进中国证券投资基金的健康发展。

【Abstract】 Through a dozen years of efforts, China’s Securities Investment Fund is developing into a definite shape with many attainments in the performance of its function and in the building of its structure. However, some practical problems such as non-standardized operation and similar investment style really make people worry about the implementation of the securities investment system in China’s capital market. The manager i.e. the Securities Investment Fund Management Company should assume primary responsibility for these problems since its behavior plays a substantial role in the fund operation and management. Therefore, analyzing the manager’s behavior and finding the causes behind it will contribute greatly to the strict regulation and proper guidance of the manager’s behavior, which will definitely give impetus to the sound development of China’s securities investment fund.

【关键词】 证券投资基金行为制度
【Key words】 securities investment fundbehaviorsystem
  • 【文献出处】 金融理论与实践 ,Financial Theory and Practice , 编辑部邮箱 ,2004年03期
  • 【分类号】F832.5
  • 【被引频次】24
  • 【下载频次】539
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