【摘要】 对上证180指数、沪市融资、融券交易数据样本进行了研究,通过最小二乘回归(OLS)模型建立沪市波动性、流动性与融资融券的关系,通过格兰杰因果检验对回归结果进行验证。实证结果表明:融资融券交易对沪市的波动性和流动性都具有正向影响,结合实证结论给出投资者在股市不同表现下的投资建议。更多还原

【Abstract】 This paper take 180 index of Shanghai securities and margin trading data as samples for study,establish an OLS regression model to build the relationship among volatility,liquidity and margin trading,have secondary authentication by granger causality test.The empirical results show that the margin trading have?positive influence to volatility and liquidity on the Shanghai stock market.Combined with the empirical conclusion the study give policy suggestions to investor.更多还原