The Study on the Effects of Agricultural Policies to the Stock Price of Agricultural Companies of China

• 作者: Qi Wang Xilong Pan Yinchuan Huang
• 来源期刊: 财经研究杂志(英文)
• 学科: 经济
• 关键词: AGRICULTURAL POLICY NUMBER 1 document INTERVENTION analysis
• 年，卷（期）: 2017,（1）
• 页码范围: 22-25
• 页数: 4页
• 分类号: F

摘要

This paper attempts to use the intervention analysis model to study the impact of the release of the central Number 1 Documents on the stock price fluctuation of listed agricultural companies in China, and get the intervention value of the policy event on the stock return rate while separating the influence of the policy event. The results of the empirical study on the data of the study showed that the effect of the intervention on the results of the intervention was based on the publication of the "Number 1 Documents" in 2012 ~ 2013 as the intervention event. The results of the empirical study on the significance of biological breeding index and land transfer index (data from 2013) Intervention model, is consistent with the interpretation of the "Number 1 Documents".