Abstract:
Based on the Chinese stock market, this empirical research studies on whether investors heterogeneous beliefs affect resource allocation efficiency, and establishes the relation model between the investor heterogeneous beliefs and resource allocation efficiency. Using investors heterogeneous beliefs, this paper suggests the adjustment mechanism for allocation efficiency of securities market regulation. This paper also sets up a optimization model for the efficiency of resource allocation optimizing path.
LONG Jing.The Influence of Investor Heterogeneous Belief on the Resource Allocation Efficiency and its Optimization Way[J] Economic Survey, 2014,V31(5): 145-149