典型文献
Analysis of Stock Splits Based on Risk Theory:Empirical Evidence from the Chinese Stock Markets
文献摘要：
The paper first analyzes price change due to stock splits in Chinese stock markets,which shows stock prices typically go up for stock splits.Then theoretical analyses based on risk theory are presented to explain the reason,where the method comes from a new perspective and obtained theoretical conclusions show that stock splits typically make stock price go up if risk-compensation function is convex,and go down if risk-compensation function is concave.Stock prices typically go up for stock splits because risk-compensation functions are mainly convex.The obtained conclusions are consistent with the known results in the last three decades.
文献关键词：
中图分类号：
作者姓名：
Shujin WU;Tong XU
作者机构：
MOE Key Laboratory of Advanced Theory and Application in Statistics and Data Science,School of Statistics,East China Normal University,Shanghai 200062,China;School of Statistics,East China Normal University,Shanghai 200062,China
文献出处：
引用格式：
[1]Shujin WU;Tong XU-.Analysis of Stock Splits Based on Risk Theory:Empirical Evidence from the Chinese Stock Markets)[J].系统科学与信息学报（英文版）,2022(01):19-34
A类：
Splits
B类：
Analysis,Stock,Based,Risk,Theory,Empirical,Evidence,from,Chinese,Markets,paper,first,analyzes,change,due,stock,splits,markets,which,shows,prices,typically,go,up,Then,theoretical,analyses,risk,theory,are,presented,explain,reason,where,method,comes,new,perspective,obtained,conclusions,that,make,if,compensation,convex,down,concave,because,functions,mainly,consistent,known,results,last,three,decades
AB值：
0.497126
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