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《The Theory and Practice of Finance and Economics》 2005-03
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Pricing Efficiency of Index Futures and Stock Market

DAI Xiao-feng,ZHU Hai-yan (School of Finance, Hunan University,Changsha,Hunan 410079,China)  
The development of Index Futures Trading has improved the pricing effi ciency of stock market. The price of relevant stock portfolio determines price o f stock index future in static equilibrium market under the conditions of perfec t market and imperfect market. But the price of stock index future puts together and transfers large amount of information, and can be immediately transmitted b y the arbitrage mechanism between stock market and stock index future market in dynamic non-equilibrium market. Therefore stock index future leads and discoveri es stock price and then is beneficial to the improvement of pricing efficiency o f stock market.
【CateGory Index】: F830.91
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【References】
Chinese Journal Full-text Database 2 Hits
1 XIONG Xiong1,XU Jin-hua1,ZHANG Jin2 (1.School of Management,Tianjin University,Tianjin 300072,China;2.Business School Tianjin University of Finance and Economics,Tianjin 300222,China);Research on Risk Monitoring System of China Stock Index Futures[J];The Theory and Practice of Finance and Economics;2009-05
2 Fu Kunshan;Hu Min(Shandong Institute of Economics,Jinan 250014,China);The Impacting on Stock Index Futures for Pricing Efficiency of Stock Market[J];Value Engineering;2009-05
【Co-citations】
Chinese Journal Full-text Database 3 Hits
1 RONG Wei-li et al(Management College,Shanghai Jiaotong University, Shanghai 200030);Feasibility and Ways of Profit-making for Farmers in the Future Market[J];Journal of Anhui Agricultural Sciences;2006-01
2 Zhu Zhenrong School of Economics, Beijing Technology and Business University, Beijing 100037);A Thought on Timely Issuance of Stock Index Futures as Financial Innovative Derivative[J];Journal of Beuing Technology and Business University(Social Science);2007-01
3 ZHANG Xin,XIE Kang(The Institute of World Economy,Shanghai Academy of Social Sciences,Shanghai 200025,China);On the Cause of Financial Derivatives Markets Risk Events[J];Journal of Changchun Normal University;2006-01
【Co-references】
Chinese Journal Full-text Database 10 Hits
1 CAO Fengqi, JIANG Huadong(Guanghua School of Management, Peking University, Beijing 100871, China);Research on Index Future Market Development in China[J];Journal of Peking University(Humanities and Social Sciences);2003-06
2 Mao Xiaolun (College of Economics & Management, North China Univ. of Tech., 100041, Beijing, China);Study of Compound Hedge Policy on Stock Index Futures[J];Journal of North China University of Technology;2004-01
3 Xu Ning(College of Econ.& Manag,North China Univ.of Tech., 100041,Beijing, China);Risk Analysis of the Stock Index Futures of Our Country[J];Journal of North China University of Technology;2004-03
4 REN Hui(School of Economics and Management, Beijing University of Aeronautics and Astronautics, Beijing 100083, China);Design of the Stock Index Futures Contract in China[J];Journal of Beijing University of Aeronautics and Astronautics(Social Sciences Edition);2003-04
5 MA Ji (Department of Finance, Harbin University of Commerce, 150028, China);Rish Analysis of Tracking Errors[J];Commercial Research;2004-03
6 WANG Xiao-yun,SONG Yang(School of Management Shenyang Ligong University,Liaoning,Shenyang 110168,China);Restrictive Factors of Stock Price-Index Future[J];Commercial Research;2005-08
7 Wang Gang;Pricing Effect Analysis on IF Stock Index Futures[J];Finance & Economics;2007-08
8 LIU Qing-fu1,WANG Hai-min2(1.Institue for Financial Studies, Fudan University, Shanghai 200433,China;2.South Aero-company,Guangzhou Guangdong 510320,China);Price Discovery in the Spot -Futures Markets:An Empirical Analysis in Chinese Agricultural Products[J];Research on Financial and Economic Issues;2006-04
9 WANG Hao,FANG Hanping (Hubei Social Sciences Academy,Hubei Wuhan 430077,China);Analysis on The Cause Effect of Non-arbitrage in China′s Index Future Market[J];The Study of Finance and Economics;2002-04
10 XU Guo-xiang, WU Ze-zhi(The Research Center for Applied Statistics, Shanghai University of Finance and Economics, Shanghai 200433, China);The Method to Set Margin Levels of Index Futures and Its Empirical Study——The Application of EVT[J];The Study of Finance and Economics;2004-11
【Secondary References】
Chinese Journal Full-text Database 1 Hits
1 Fu Kunshan;Hu Min(Shandong Institute of Economics,Jinan 250014,China);The Impacting on Stock Index Futures for Pricing Efficiency of Stock Market[J];Value Engineering;2009-05
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