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我国股票型开放式基金在高速发展同时也经历着赎回导致的流量不稳定,为考察在证券市场的不同阶段基金流量变化的影响因素,本文选取2004年二季度前成立的30只股票型开放式基金在2004年3季度-2008年4季度的面板数据资料,创新性的通过滚动回归分析来探究因素的作用效果。
In the rapid development of China’s stock open-end funds also experiencing the flow of redemption caused by instability in order to examine the different stages of the securities market changes in the factors that affect fund flows, this paper selected the second quarter of 2004 before the establishment of 30 stocks open The panel data from the Q3 2004-Q4 2008 panel innovatively explore the effect of factors through rolling regression analysis.