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本文对内地证券市场的权证发行对标的股票交易的流动性影响进行了事件研究,结论认为,权证上市前确实对标的股票的交易量产生了明显影响,显著增加了正股的交易量。
This paper studies the liquidity impact of warrants issuance on the underlying stock exchange in the mainland securities market, and concludes that it does have a significant impact on the trading volume of underlying stocks before the listing of warrants, significantly increasing the trading volume of the underlying stock.