%0 Journal Article
%T Micro-Behaviors Differences under Market Segmentation and Behavioral Financial Explanations<br>市场分割下的股价微观行为及其行为金融学解释
%A ZHU Yun
%A WU Wen-feng
%A WU Chong-feng
%A RUI M Oliver
%A <br>朱　云
%A 吴文锋
%A 吴冲锋
%A 芮　萌
%J 系统工程理论与实践
%D 2006
%I 
%X The paper compares A shares and B shares on the liquidity,volatility and price efficiency,which are proxied by trading volume,return volatility and 1~(st) autocorrelation coefficient separatively.The results show that the three measures of A shares are higher than those of B shares before B shares' opening to domestic investors.After the opening,the three measures of B shares increase.These phenomena can be explained by the differences of investor structures between two markets.
%K market segmentation
%K micro-behaviors
%K behavioral finance<br>市场分割
%K 微观行为
%K 行为金融
%U http://www.alljournals.cn/get_abstract_url.aspx?pcid=01BA20E8BA813E1908F3698710BBFEFEE816345F465FEBA5&cid=962324E222C1AC1D&jid=1D057D9E7CAD6BEE9FA97306E08E48D3&aid=0CDA8CBDA1E6C0AA&yid=37904DC365DD7266&vid=96C778EE049EE47D&iid=F3090AE9B60B7ED1&sid=B91E8C6D6FE990DB&eid=771469D9D58C34FF&journal_id=1000-6788&journal_name=系统工程理论与实践&referenced_num=0&reference_num=18