%0 Journal Article
%T The Empirical Study of the Characteristics of the Bankers'' Manipulation in Shenzhen Stock Market<br>我国深圳股市"庄家操纵"特征的实证分析
%A GUO Jun
%A ZHANG Sheng
%A CHEN Jin
%A |xian
%A <br>郭军
%A 张胜
%A 陈金贤
%J 系统工程理论与实践
%D 2002
%I 
%X The paper uses the data of Shenzhen Stock Exchange in 1999-2000, analyzes the significance of effects of the factors of revenue, industry, the size of listing\|share, the bankers' manipulation measured by the index of the ratio of large investors holding shares, on the stock price changing measured by the excess\|vibration\|extent of stock price with the method of the pair\|sample \$t\$\|test, and obtains the evidence that the bankers' manipulation affects significantly on the excess\|vibration\|extent of stock price. Based this work, the paper uses the method of the 2\+4 factorial design, studies the main effects and interaction effects of these four factors on the excess\|vibration\|extent of stock price, and acquires the evidence that only the bankers' manipulation factor affects significantly the excess\|vibration\|extent of stock price. Therefore the paper finds out the cogent empirical evidence which sustains the conclusion that there is the characteristic of bankers' manipulation in Shenzhen stock market.
%K the manipulation of bankers
%K 2\+4 factorial design
%K the excess\|vibration\|extent of stock price<br>庄家操纵
%K 析因设计
%K 股价超额振幅
%U http://www.alljournals.cn/get_abstract_url.aspx?pcid=01BA20E8BA813E1908F3698710BBFEFEE816345F465FEBA5&cid=962324E222C1AC1D&jid=1D057D9E7CAD6BEE9FA97306E08E48D3&aid=EDDAB683418DEA67&yid=C3ACC247184A22C1&vid=BC12EA701C895178&iid=9CF7A0430CBB2DFD&sid=DB817633AA4F79B9&eid=27746BCEEE58E9DC&journal_id=1000-6788&journal_name=系统工程理论与实践&referenced_num=4&reference_num=2