A New Index of Private Offering Fund for Stock Strategy
Journal of Finance and Accounting
Volume 3, Issue 6, November 2015, Pages: 177-183
Received: Sep. 11, 2015; Accepted: Sep. 24, 2015; Published: Oct. 10, 2015
Views 4235      Downloads 129
Fei Guo, School of Economics, Beijing Wuzi University, Beijing, China
Baosen Wang, School of Economics, Beijing Wuzi University, Beijing, China
Hong Zhang, School of Information, Beijing Wuzi University, Beijing, China
Article Tools
Follow on us
As the deepening reform of China's financial system, private equity funds have been becoming an important part of China's financial system, but there is little research on the index of private equity funds. This paper constructs an index, which covers 98.19% of the stock equity strategy class of equity funds, can better reflect the performance of equity strategy class private equity fund. Through Granger causality test, the Shanghai composite index is a factor that affects the performance of private equity funds in the short term, and in long term they are both factors to each other. The establishment of private equity fund performance index, is conducive to investors and regulatory authorities to further understand the status and history of the private sector. a scientifical private equity fund performance index does not exist at present, so this paper introduced the performance index of private equity funds to improve the financial indicators system, has a strong theoretical and practical significance.
Private Offering Fund, Index, Granger Causality Test, Cointegration, VAR
To cite this article
Fei Guo, Baosen Wang, Hong Zhang, A New Index of Private Offering Fund for Stock Strategy, Journal of Finance and Accounting. Vol. 3, No. 6, 2015, pp. 177-183. doi: 10.11648/j.jfa.20150306.12
China Securities Investment Fund Industry Association. Private registration report [R] vol. 3, 2015(6).
Jiamin Tian, “The present situation and development of private equity funds in China” [J]. Modern Business, vol. 20, PP. 166-167, 2015.
Qiqi Wang, “Problems and Countermeasures of the development of Inclusive Finance in China” [J]. Macroeconomic Management, vol. 07, PP. 55-56, 2015.
Xiao Xiang, “Study on the establishment of the financial index of Inclusive Finance” [J]. Wuhan Finance, vol. 09, PP. 7-11, 2014.
Liu Mandan, “An empirical analysis of the relationship between private investment and economic growth -- Based on Granger causality test” [J]. Journal of Changchun University of Science and Technology (Social Sciences Edition), vol. 05, PP. 62-65, 2015.
Lu Jing, “A theoretical and Empirical Study on the relationship between financial development and economic growth: a co integration analysis based on the panel data of China” [J], Chinese Journal of Management Science, vol. 20, No. 1, PP. 176-184, 2012.
Cao Yunbo, “A study of the impact of public market manipulation on stock price -- An Empirical Analysis Based on VAR model” [J],Economic Forum, vol. 528, PP 89-94 ,2014.
Jia Xiyun, “Application and empirical analysis of VaR model in stock market risk analysis” [J], Chinese Journal of Management Science, vol. 22, PP. 336-341, 2014.
Zeng Lijuan, “The application of random search variable method in lagged regression model”[J], Journal of Hangzhou Normal University(Natural Science Edition),vol. 13, No. 6, PP. 664-668, 2014.
Huang Jinshan,“Pseudo maximum likelihood estimation of GARCH model based on high frequency data” [J],vol. 37, No. 6, PP. 1005-1017, 2014.
YANG Guangbao, “Linear regression model and its optimization algorithm in the process of program trading system” [J], Computer Systems & Applications, vol. 23, No. 12 PP. 120-124, 2014.
Science Publishing Group
1 Rockefeller Plaza,
10th and 11th Floors,
New York, NY 10020
Tel: (001)347-983-5186