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    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/125105

    Title: 中國股市熔斷機制對CSI300成份股的影響效果分析
    On the impact of China’s Circuit Breaker Mechanism on the CSI300 constituent stocks
    Authors: 薛惠寧
    Hsueh, Hui-Ning
    Contributors: 王信實
    Wang, Shinn-Shyr
    Hsueh, Hui-Ning
    Keywords: 熔斷機制
    Circuit Breaker
    China stock market
    Market efficiency
    CSI300 Index
    trade volume
    Date: 2019
    Issue Date: 2019-08-07 17:20:23 (UTC+8)
    The circuit breaker mechanism is primarily used as a financial monitoring tool to prevent extreme price volatility. This study explores whether after implementing the circuit breaker mechanism, the relevant policy will become more effective or will generate market panic and thus affect liquidity. Econometric analyses are used to verify the long-term and short-term impacts of a circuit breaker. The empirical results show that the liquidity has indeed decreased, but it did not exacerbate the investor's selling behavior due to the policy implementation. Furthermore, the price drop is more severe in the short-term, while the trade volume decrease is more significant in the long-term.
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    Description: 碩士
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0106926002
    Data Type: thesis
    DOI: 10.6814/NCCU201900491
    Appears in Collections:[應用經濟與社會發展英語碩士學位學程 (IMES) ] 學位論文

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