證券交易稅調(diào)整對(duì)上證股票市場波動(dòng)性影響的實(shí)證分析及對(duì)策建議.pdf

1、蘇州大學(xué)碩士學(xué)位論文證券交易稅調(diào)整對(duì)上證股票市場波動(dòng)性影響的實(shí)證分析及對(duì)策建議姓名：歐見秋申請(qǐng)學(xué)位級(jí)別：碩士專業(yè)：財(cái)政學(xué)指導(dǎo)教師：孫文基20090401證券交易稅調(diào)整對(duì)上證股票市場波動(dòng)性影響的實(shí)證分析及對(duì)策建議英文摘要TheEmpiricalAnalysisandSuggestionsofTheInfluenceofSecuritiesTransactionTaxesonShanghaiStockMarketVolatilityABST

2、RACTInthisarticle，throughthetheoreticanalysisoftheadjustmentoftheSecuritiesTransactionTaxesonthestockmarketandtheempiricalanalysisofthevolatilitiesofChineseShanghaishareindexreturns，theauthoraimstoreflectthespecificwaysa

3、ndmeansthattheSecuritiesTransactionTaxesonstocktransactionsaffectthestockmarketandtoanalyzeandmeashl]lethecharacteristicsoftheperiodandsizeoftheeconomicimpactofthetax，inorderthatwecoulddesignthetaxsystembetter，nleempiric

4、alanalysisofthisarticleisdividedintotheshort—term，middletermandlong—term誦thdifferentempiricalanalysismethodsUsingthemethodofcaseanalysis，throughnonnormaldistributionundertheLEVENEtest，thechapterIlldoessomeresearchesonthe

5、shorttermandmiddletermvolatilityofChineseShanghaishareindexretumsbeforeandaftertheeventsTheconclusionsofthischapteristhatwhenthetaxrateisraised，theshorttermvolatilitiesofChineseShanghaishareindexretIlnlSwillchangealotwhi

6、lethevolatilitiesofChineseShanghaistockshareindexreturnshavenosignificanteffectwhenthetaxrateisdeclinedDuringthelong—termanalysisontheevents，throughthefittingofdatatheauthorfinallychoosethemodelsofGARCH(1，1)andTGARCH(1，1

7、)toverifythelong—termeffectsofthevolatilitiesofChineseShanghaishareindexreturnsTheresultsinthesectionsuggestthatthephenomenaoftails，volatilityclustering，levereffectsandSOonandintheend，wegivesomeproperreasonstothedifferen