%0 Journal Article
%T Empirical Analysis on Maturity Effect of Chinese Corn Futures Contracts<br>中国玉米期货合约到期效应的实证分析
%A 闫云仙
%A 张越杰
%J 吉林农业大学学报
%D 2012
%I 
%X Futures prices fluctuation is characteristic of futures marke ts, also  fundamental to the existence of futures markets. Maturity effect is one of the r easons for corn futures price fluctuation. On the basis of the maturity effect t heories, by utilizing the corn futures prices from Dalian Commodity Exchange and  the corn cash prices from Jilin Corn Wholesale Market, this study tests the Sam uelson and Bessembinder, Coughenour, Seguin and Smoelle (BCSS) maturity effects  assumptions. The results show that the days to expire has little effects on pric e change and holding contracts cost plays an important role in corn futures fluc tuation.
%K 玉米期货价格
%K 到期效应
%K 中国
%U http://www.alljournals.cn/get_abstract_url.aspx?pcid=03F54A49DE00578AA0E5DDF5BC021AA7&cid=298920A27C9BAA22346FCA384240FAA4&jid=74C612B26EF38BF0D4C997E3F9E167A1&aid=D812A4F49570FC508D5A0D4AB295C121&yid=99E9153A83D4CB11&vid=339D79302DF62549&iid=CA4FD0336C81A37A&sid=DDD31293A7C7D057&eid=7F5DDA4924737DF5&journal_id=1000-5684&journal_name=吉林农业大学学报&referenced_num=0&reference_num=0