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本文以新股首个交易日频遭炒作的现象为切入点,对机构投资者联合操纵新股价格走势行为的可能性进行了分析,并使用基于Agent方法在Swarm仿真平台上建立了计算机仿真模型,进一步研究机构投资者对新股的投资行为特征,提出实际操作性较强的管制措施,以避免机构投资者对新股价格走势的联合操纵,从而在一定程度上保证新股走势能够比较正确地反映上市公司经营状况,保证股票市场的健康发展。
This article analyzes the possibility of institutional investors jointly manipulating the price movements of new shares on the basis of the frequent speculation in the first trading day of new shares and establishes a computer simulation model based on the Agent method on the Swarm simulation platform to further To study the characteristics of institutional investors’ investment behavior on new shares and put forward practical control measures to avoid the joint manipulation of institutional investors on the price movements of new shares so as to ensure to some extent that the trend of new shares can more accurately reflect the operation of listed companies The situation, to ensure the healthy development of the stock market.