保险资金入市特征分析以险资举牌A股上市公司为例

摘要近年来，中国的保险市场是越来越开放的，而这也就伴随着中国保险市场的竞争压力越来越大，同时我们传统的承保业务的收益也在逐年减少甚至于变成了亏损状态。在这种情况下，资金运用就变成了我国保险公司获取利润的重要来源。本文一开始对保险资金进入资本市场的运作模式以及保险资金的特征进行了综合概括，又收集近期保险资金举牌我国各大上市公司的案例，通过样本数据的描述性分析以及举牌前后的平均超额收益率和累计超额收益率变动等的T检验，比较说明险资入市对股票的短期收益率有积极的影响，同时对被举牌公司的经营绩效也有正面的效应，并对当前险资入市的公司的特点进行归纳分析以及分析险资入市的原因，提出险资运作的相关建议。82845

毕业论文关键词保险资金举牌险资特征运作模式

毕业论文外文摘要

Title A analysis of characteristics of insurance funds into the market ——With

the example of venture capital invest A-share listed companies

Abstract

In recent years, China's insurance market is more and more open, and China's insurance market competition is more and more big。However, the benefit of our traditional insurance business is in reducing year by year, and even into the red。In this case, the capital operation becomes the important source of our country insurance company profits。This article first to introduce the operation pattern of insurance funds and the characteristics of insurance funds 。And then collect the recent insurance fund raising major cases of listed companies in our country, through descriptive analysis of sample data, and raising the average excess returns and accumulated excess returns before and after the changes of T test。 The comparison shows that risk capital entering the market the stock of short-term yields have a positive impact。And raising the company's operating performance has a positive effect,。 On the current risk into the market company, summarized the characteristics of analysis, and analysis the cause of the risk information in the market, risk investment operation related Suggestions are put forward。

Keywords Insurance funds Invest Mode of Operation Characteristic of Risk Capital

1 引言 1

2 文献综述 2

2。1国外文献综述 2

2。2国内文献综述 2

3 保险资金的特征及投资证券市场的运作模式 5

3。1 保险资金的特征 5

3。1。1 保险资金总体特征 5

3。1。2寿险资金的特点 5

3。1。3非寿险资金的特征 6

3。2保险资金投资证券市场的运作模式 6

3。3我国保险资金运用的现状 8

4 近期保险资金举牌上市公司的事件研究 9

4。1 研究方法 9

4。1。1 事件窗口期和估计期的确定 9

4。1。2选择估算正常收益率的模型 9

保险资金入市特征分析以险资举牌A股上市公司为例:http://www.youerw.com/jingji/lunwen_97356.html