@article{ART002619089,
author={이수영 and 셰옌 and 문규현},
title={The Study of Relationship between Stock Market and Bond Market in China},
journal={지역산업연구},
issn={2093-9027},
year={2020},
volume={43},
number={3},
pages={17-37},
doi={http://doi.org/10.33932/rir.43.3.2}
}

TY - JOUR
AU - 이수영
AU - 셰옌
AU - 문규현
TI - The Study of Relationship between Stock Market and Bond Market in China
T2 - 지역산업연구
JO - 지역산업연구
PY - 2020
VL - 43
IS - 3
PB - 산업경영연구소
SP - 17
EP - 37
SN - 2093-9027
AB - Stock market and bond market are widely considered as two important components of the financemarket. During the rapid development of China's financial market, the effectiveness of finance marketinternal financial resources allocation and the possibility of the two markets to achieve the bestallocation of the investment portfolio will determine the whole finance market's efficiency and theprocess of reform. As a result, the study on the relationship between the stock and bond market isimportant. There are a number of domestic researchers studying on the relationship between the stock marketand bond market in China whereas most of these studies used the treasury bond to represent thewhole Chinese bond market. In order to explore the linkage between stock market and bond marketstatically and dynamically, this paper selects three series of data including stock index, treasury bondindex and corporate bond index covers from September 10, 2013, to September 11, 2016, using unitroot test, cointegration test, AR roots, impulse response analysis, variance decomposition based onVAR and VEC model. Besides, we divide the whole sample into two groups to do the analysisrespectively. The limits of the
KW - Shanghai Composite Index, Shanghai Treasury Bond Index, Shanghai Corporate Bond Index, VAR model, VEC model
DO - http://doi.org/10.33932/rir.43.3.2
ER -

이수영, 셰옌 and 문규현. 2020, "The Study of Relationship between Stock Market and Bond Market in China", 지역산업연구, vol.43, no.3 pp.17-37. Available from: doi:http://doi.org/10.33932/rir.43.3.2

이수영, 셰옌, 문규현 "The Study of Relationship between Stock Market and Bond Market in China" 지역산업연구 43.3 pp.17-37 (2020) : 17.

이수영, 셰옌, 문규현. The Study of Relationship between Stock Market and Bond Market in China. 2020; 43(3), 17-37. Available from: doi:http://doi.org/10.33932/rir.43.3.2

이수영, 셰옌 and 문규현. "The Study of Relationship between Stock Market and Bond Market in China" 지역산업연구 43, no.3 (2020) : 17-37.doi: http://doi.org/10.33932/rir.43.3.2

이수영; 셰옌; 문규현. The Study of Relationship between Stock Market and Bond Market in China. 지역산업연구, 43(3), 17-37. doi: http://doi.org/10.33932/rir.43.3.2

이수영; 셰옌; 문규현. The Study of Relationship between Stock Market and Bond Market in China. 지역산업연구. 2020; 43(3) 17-37. doi: http://doi.org/10.33932/rir.43.3.2

이수영, 셰옌, 문규현. The Study of Relationship between Stock Market and Bond Market in China. 2020; 43(3), 17-37. Available from: doi:http://doi.org/10.33932/rir.43.3.2

이수영, 셰옌 and 문규현. "The Study of Relationship between Stock Market and Bond Market in China" 지역산업연구 43, no.3 (2020) : 17-37.doi: http://doi.org/10.33932/rir.43.3.2