School of Economics,Shanghai University, Shanghai, 201800, China
According to the Science and Technology 50 Index, the trading volume and the two financial data of its constituent stocks, and the weighted average turnover rate, empirical analysis is carried out through the construction of VAR model and ADF unit root test, AR root test, Granger causality test and impulse response test. The sci-tech innovation board trader’s investment behavior is quantitatively analyzed, the impact of margin trading and securities lending on the investment behavior of the Sci-tech innovation board is studied, and countermeasures for my country's STAR market margin trading and securities trading are proposed from both investors and supervisory levels.
Margin trading; Sci-tech Innovation Board (STAR); VAR model
Xiaoyue Zhang. Analysis of the Impact of Margin Financing and Securities Lending on the Investment Behavior of the Sci-Tech Innovation Board—Based on the Var Model. International Journal of Frontiers in Sociology (2021), Vol. 3, Issue 7: 21-24. https://doi.org/10.25236/IJFS.2021.030703.
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