中国股票型及偏股型基金业绩可持续 性及其影响因素研究——基于R/S模型和Tobit分析法

  中国作为全球最大的新兴市场和第二大经济体,其金融市场在全球金融体系中的地位日益重要。据中国证券
投资基金业协会(AMAC)的报告,截止到2023年底,中国公募基金规模已经超过20万亿元人民币,其中混合
型基金占据了显著的比重。
尽管市场规模庞大,中国基金业的发展仍然面临许多挑战,其中之一就是基金业绩的可持续性问题。在投资
者角度,他们需要了解基金业绩是否稳定,以便作出更好的投资决策。对于基金经理来说,了解业绩的可持续性
有助于他们改进投资策略,提高基金的长期业绩。对于监管者来说,了解业绩可持续性及其影响因素也有助于他
们设计更有效的监管政策,提高市场的效率和公平性。
因此,研究中国股票型及偏股型基金业绩的可持续性及其影响因素,无论从理论研究还是实践应用的角度,
都具有重要的意义。此外,中国金融市场的特殊性,如政策影响力较大、市场参与者的行为特点等,也使得基于
中国市场的研究具有独特的价值。因此,我们的研究不仅能够丰富相关领域的理论,提供对实践的启示,也能为
其他新兴市场提供参考  

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