【摘要】 近年来金融市场"波澜不定",中美贸易战的愈演愈烈使中国股票行情一路走跌。许多投资者在股票市场里"迷失方向"只能随众而行。经济学家把此现象称为"羊群效应"。沪深股市从地方性股票发展为全国性股票,在中国的股票市场上极具代表性。以沪深A股为研究对象基于CCK模型检验出了羊群效应的存在,并分析了产生此效应的原因以及提出了削弱甚至避免股票市场羊群效应产生的方法。更多还原

【Abstract】 In recent years,the financial market has been "volatile" and the intensifying Sino-US trade war has caused the stock market of China to fall all the way. Many investors lost their ways in the stock market and could only follow the crowd. Economists called this phenomenon herding. The Shanghai and Shenzhen stock market has been known as the"national stock market"and was very representative in China’s stock market. The existence of herding effect based on the CCK model of Shanghai and Shenzhen A shares was examined to analyze the causes of this effect and some methods were put forward to weaken or even avoid the herding effect in the stock market.更多还原