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\u4f5c\u8005\uff1a\u8001\u4f59\u635e\u9c7c<\/a><\/p>\n\n\n\n

\u539f\u521b\u4e0d\u6613\uff0c\u8f6c\u8f7d\u8bf7\u6807\u660e\u51fa\u5904\u53ca\u539f\u4f5c\u8005\u3002<\/mark><\/p>\n\n\n\n

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\u5199\u5728\u524d\u9762\u7684\u8bdd\uff1a<\/strong>\u4eca\u5929\u9009\u62e9\u4e86\u4e00\u4e9b\u548c\u6570\u5b57\u91d1\u878d\u76f8\u5173\u7684\u56fd\u9645\u9876\u520a<\/mark>\u63a8\u8350\u7ed9\u5927\u5bb6\uff0c\u8fd9\u4e9b\u671f\u520a\u4ece\u6700\u7ecf\u5178\u7684\u6709\u6548\u5e02\u573a\u7406\u8bba\u5230\u6700\u65b0\u7684\u52a0\u5bc6\u8d27\u5e01\u53d1\u5c55\uff0c\u4ece\u5404\u79cd\u6210\u529f\u6295\u8d44\u7b56\u7565\u5230AI\u987e\u6295\u7684\u5b66\u672f\u7814\u7a76\uff0c\u90fd\u53d1\u8868\u5728\u8fd9\u4e9b\u671f\u520a\u4e0a\u3002\u4e0b\u9762\u6211\u5e26\u60a8\u5f00\u59cb\u6570\u5b57\u91d1\u878d\u671f\u520a\u63a2\u7d22\u4e4b\u65c5\u3002<\/pre>\n<\/blockquote>\n\n\n\n
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1\u3001Journal of Finance<\/strong><\/h2>\n\n\n
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JF(\u91d1\u878d\u6742\u5fd7)\u5e94\u8be5\u662f\u6beb\u65e0\u4e89\u8bae\u7684 No.1\u3002<\/strong><\/p>\n\n\n
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\"\"<\/figure>\n<\/div>\n\n\n
\u521b\u520a\u4e8e1946\u5e74\uff0c\u662f\u7531\u7f8e\u56fd\u91d1\u878d\u534f\u4f1a\uff08American Finance Association\uff09\u4e3b\u529e\u7684\u4e00\u4efd\u9876\u7ea7\u5b66\u672f\u671f\u520a\u3002\u5176\u5728\u91d1\u878d\u5b66\u9886\u57df\u4eab\u6709\u6781\u9ad8\u7684\u5b66\u672f\u58f0\u8a89\uff0c\u88ab\u516c\u8ba4\u4e3a\u91d1\u878d\u5b66\u4e09\u5927\u9876\u520a\uff08JF\u3001JFE\u3001RFS\uff09\u4e4b\u4e00\uff0c\u4e14\u4f4d\u5217\u7b2c\u4e00\u3002<\/p>\n\n\n\n
\u5b83\u4e0d\u4ec5\u5438\u5f15\u4e86\u4e16\u754c\u5404\u5730\u9876\u5c16\u5b66\u8005\u7684\u6295\u7a3f\uff0c\u4e5f\u662f\u8861\u91cf\u5b66\u672f\u6210\u5c31\u548c\u804c\u4e1a\u53d1\u5c55\u7684\u91cd\u8981\u6307\u6807\u3002JF\u5bf9\u7a3f\u4ef6\u7684\u8d28\u91cf\u8981\u6c42\u6781\u9ad8\uff0c\u53ea\u63a5\u53d7\u7ecf\u8fc7\u4e25\u683c\u540c\u884c\u8bc4\u5ba1\u7684\u9ad8\u8d28\u91cf\u7814\u7a76\u8bba\u6587\u3002\u8fd9\u4e9b\u8bba\u6587\u9700\u8981\u5728\u91d1\u878d\u5b66\u7684\u67d0\u4e2a\u9886\u57df\u5177\u6709\u521b\u65b0\u6027\u3001\u7406\u8bba\u6df1\u5ea6\u548c\u5b9e\u8df5\u610f\u4e49\u3002<\/p>\n\n\n\n
\u8bb8\u591a\u8bfa\u8d1d\u5c14\u7ecf\u6d4e\u5b66\u5956\u5f97\u4e3b\u7684\u65e9\u671f\u5de5\u4f5c\u90fd\u66fe\u5728\u8be5\u671f\u520a\u4e0a\u53d1\u8868\uff0c\u6bd4\u5982\u4f5c\u4e3a\u73b0\u4ee3\u91d1\u878d\u57fa\u77f3\u7684\u73b0\u4ee3\u8d44\u4ea7\u7ec4\u5408\u7406\u8bba\uff08Markowitz\uff09\u3001\u8d44\u672c\u8d44\u4ea7\u5b9a\u4ef7\u6a21\u578b(William Sharpe)\u3001MM\u5b9a\u7406\uff08Merton H. Miller\uff09\u3001\u6709\u6548\u5e02\u573a\u5047\u8bf4\uff08Eugene Fama\uff09\u7b49\u3002<\/p>\n\n\n\n
\u5176\u5b83\u91cd\u8981\u7684\u8bba\u6587\u8fd8\u6709\u300a\u5f02\u8c61\uff1a\u8d62\u5bb6\u7684\u8bc5\u5492\u300b\uff08Richard Thaler\uff0c2017\uff09\u5e74\uff0c\u8fd9\u662f\u884c\u4e3a\u91d1\u878d\u5b66\u7684\u5148\u9a71\uff0c\u5c55\u793a\u4e86\u5e02\u573a\u53c2\u4e0e\u8005\u7684\u884c\u4e3a\u504f\u5dee\u5982\u4f55\u5f71\u54cd\u8d44\u4ea7\u4ef7\u683c\u3002<\/p>\n\n\n\n
1968 \u5e74\uff0cMichael Jensen \u5728\u300aThe Performance of Mutual Funds in the Period 1945-1964\u300b\u4e2d\u9996\u6b21\u660e\u786e\u9610\u8ff0\u4e86 Alpha \u7684\u6982\u5ff5\uff0c\u6cbf\u7528\u81f3\u4eca\uff0c\u8fd9\u4e00\u7406\u5ff5\u72b9\u5982\u706f\u5854\u822c\u6307\u5f15\u7740\u65b9\u5411\uff0c\u6210\u4e3a\u4e86\u6570\u5b57\u91d1\u878d\u9886\u57df\u7814\u7a76\u8005\u4e0e\u5b9e\u8df5\u8005\u5171\u540c\u8ffd\u6c42\u7684\u6838\u5fc3\u76ee\u6807\u3002<\/p>\n\n\n\n
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2\u3001Journal of Financial Economics<\/strong><\/h2>\n\n\n
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\"\"<\/figure>\n<\/div>\n\n\n
JFE\uff08\u91d1\u878d\u7ecf\u6d4e\u5b66\u6742\u5fd7\uff09\u662f\u5168\u7403\u4e09\u5927\u9876\u7ea7\u91d1\u878d\u5b66\u672f\u671f\u520a\u4e4b\u4e00\uff0c<\/strong>\u6839\u636e\u5b98\u65b9\u6570\u636e\uff0cJFE\u57282022\u5e74\u7684\u5f71\u54cd\u56e0\u5b50\u4e3a8.238\uff08\u4e5f\u6709\u6570\u636e\u663e\u793a\u4e3a8.9\uff09\uff0cCiteScore\u5f71\u54cd\u56e0\u5b50\u4e3a11.30\uff0c\u8fd9\u4e9b\u6307\u6807\u5747\u8868\u660e\u8be5\u671f\u520a\u5728\u91d1\u878d\u5b66\u9886\u57df\u5177\u6709\u6781\u9ad8\u7684\u5b66\u672f\u5f71\u54cd\u529b\u3002<\/p>\n\n\n\n
JFE<\/strong>\u4e3b\u8981\u6db5\u76d6\u91d1\u878d\u7ecf\u6d4e\u5b66\u7684\u7406\u8bba\u548c\u5b9e\u8bc1\u4e3b\u9898\uff0c\u4e3a\u91d1\u878d\u7ecf\u6d4e\u5b66\u548c\u516c\u53f8\u7406\u8bba\u9886\u57df\u7684\u7814\u7a76\u63d0\u4f9b\u4e86\u4e00\u4e2a\u4e13\u95e8\u7684\u8bba\u575b\u3002\u8be5\u671f\u520a\u7279\u522b\u5f3a\u8c03\u5728\u8d44\u672c\u5e02\u573a\u3001\u91d1\u878d\u673a\u6784\u3001\u516c\u53f8\u8d22\u52a1\u3001\u516c\u53f8\u6cbb\u7406\u548c\u7ec4\u7ec7\u7ecf\u6d4e\u5b66\u7b49\u6838\u5fc3\u9886\u57df\u7684\u9ad8\u8d28\u91cf\u5206\u6790\u3001\u7ecf\u9a8c\u548c\u8d21\u732e\u3002JFE\u53d1\u8868\u7684\u8bba\u6587\u901a\u5e38\u5177\u6709\u521b\u65b0\u6027\u3001\u7406\u8bba\u6df1\u5ea6\u548c\u5b9e\u8df5\u610f\u4e49\uff0c\u662f\u91d1\u878d\u5b66\u672f\u7814\u7a76\u7684\u91cd\u8981\u6210\u679c\u5c55\u793a\u5e73\u53f0\u3002<\/p>\n\n\n\n
1981 \u5e74\uff0cRolf Banz \u7684\u6587\u7ae0\u300aThe relationship between return and market value of common stocks\u300b\uff08\u5373\u5c0f\u5e02\u503c\u56e0\u5b50\uff09\u5c31\u53d1\u8868\u5728\u8fd9\u5bb6\u671f\u520a\u4e0a\u3002<\/p>\n\n\n\n
2015 \u5e74 Eugene Famma \u53d1\u8868\u4e94\u56e0\u5b50\u6a21\u578b\uff0c\u4e5f\u662f\u9009\u62e9\u7684\u8fd9\u672c\u671f\u520a\u3002<\/p>\n\n\n\n
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3\u3001Review of Financial Studies<\/strong><\/h2>\n\n\n
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\u7531\u725b\u6d25\u51fa\u7248\uff0c\u662f\u4e00\u672c\u540c\u884c\u8bc4\u5ba1\u5b66\u672f\u671f\u520a\uff0c\u540c\u6837\u662f\u5168\u7403\u4e09\u5927\u9876\u7ea7\u91d1\u878d\u5b66\u672f\u671f\u520a\u4e4b\u4e00<\/strong>\u3002\u8be5\u671f\u520a\u7531\u725b\u6d25\u5927\u5b66\u51fa\u7248\u793e\u4ee3\u8868\u91d1\u878d\u7814\u7a76\u5b66\u4f1a\u51fa\u7248\uff0c\u521b\u520a\u4e8e1988\u5e74\uff0c\u6bcf\u5e74\u51fa\u724812\u671f<\/p>\n\n\n\n
\u5b83\u5728 2020 \u5e74\u7684\u5f71\u54cd\u56e0\u5b50\u4e3a 5.814\uff0c\u5728\u5546\u4e1a\u3001\u91d1\u878d\u7c7b\u6392\u540d 5\/110\u3002<\/p>\n\n\n\n
\u300aMarket Liquidity and Funding Liquidity\u300b\u4e00\u6587\u6700\u65e9\u5c31\u53d1\u8868\u5728\u8fd9\u91cc\u3002\u5728 google \u5b66\u672f\u4e0a\uff0c\u8fd9\u7bc7\u8bba\u6587\u6709\u8d85\u8fc7 6500 \u6b21\u5f15\u7528\u3002<\/p>\n\n\n\n
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4\u3001Journal of Empirical Finance<\/strong><\/h2>\n\n\n\n
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1994 \u5e74\u53d1\u520a\uff0c\u56e0\u4e3a\u5176\u201c\u9ad8\u51b7\u201d\u8c03\u6027\uff0c\u4f7f\u4e4b\u6210\u4e3a\u4e86\u9ad8\u8d28\u91cf\u520a\u7269\u3002\u62d2\u7a3f\u7387 85%\uff0c\u5176\u4e2d 40%\u90fd\u751a\u81f3\u6536\u4e0d\u5230\u62d2\u7a3f\u539f\u56e0\u3002\u5176\u5f3a\u8c03\u5b9e\u8bc1\u7814\u7a76\uff0c\u65e8\u5728\u63a8\u52a8\u91d1\u878d\u7406\u8bba\u4e0e\u73b0\u5b9e\u4e16\u754c\u6570\u636e\u4e4b\u95f4\u7684\u7d27\u5bc6\u8054\u7cfb\uff0c\u5df2\u7ecf\u6210\u4e3a\u5b9e\u8bc1\u91d1\u878d\u7814\u7a76\u7684\u91cd\u8981\u5e73\u53f0\u3002<\/p>\n\n\n\n
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5\u3001Journal of Portfolio Management<\/strong><\/h2>\n\n\n
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\u5efa\u8bae\u505a\u8d44\u4ea7\u7ba1\u7406<\/strong>\u7684\u987e\u6295\u91d1\u878d\u4eba\u5e94\u8be5\u4e00\u671f\u4e0d\u843d\u5730\u770b\u3002<\/strong><\/p>\n\n\n\n
\u5176\u4e13\u6ce8\u4e8e\u6295\u8d44\u7ec4\u5408\u7ba1\u7406\u7684\u5b9e\u8df5\u548c\u7406\u8bba\uff0c\u4e3b\u8981\u5173\u6ce8\u6295\u8d44\u7ec4\u5408\u7ba1\u7406\u7684\u5404\u4e2a\u65b9\u9762\uff0c\u5305\u62ec\u4f46\u4e0d\u9650\u4e8e\u8d44\u4ea7\u914d\u7f6e\u3001\u98ce\u9669\u7ba1\u7406\u3001\u91cf\u5316\u7b56\u7565\u3001\u5e02\u573a\u5206\u6790\u3001\u6295\u8d44\u7ec4\u5408\u4f18\u5316\u3001\u667a\u80fd\u8d1d\u5854\u7b56\u7565\u3001\u6d41\u52a8\u6027\u7ba1\u7406\u4ee5\u53ca\u5168\u7403\u5b8f\u89c2\u7b56\u7565\u3002<\/p>\n\n\n\n
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6\u3001JFQA<\/strong><\/h2>\n\n\n
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JFQA \u662f Journal of Financial and Quantitative Analysis \u7684\u7f29\u5199\u3002\u8be5\u520a 1966 \u5e74\u8d77\u53d1\u884c\uff0c\u6bcf\u5e74\u51fa\u7248 6 \u6b21\uff0c\u76f8\u5f53\u4e8e\u53cc\u6708\u520a\u3002<\/p>\n\n\n\n
\u6db5\u76d6\u7684\u4e3b\u9898\u5e7f\u6cdb\uff0c\u5305\u62ec\u8d44\u4ea7\u5b9a\u4ef7\u3001\u516c\u53f8\u8d22\u52a1\u3001\u91d1\u878d\u5e02\u573a\u3001\u5e02\u573a\u5fae\u89c2\u7ed3\u6784\u3001\u5b9e\u8bc1\u91d1\u878d\u7814\u7a76\u3001\u91d1\u878d\u8ba1\u91cf\u7ecf\u6d4e\u5b66\u7b49\u3002<\/p>\n\n\n\n
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7\u3001The Traders’ Magazine<\/strong><\/h2>\n\n\n
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\u548c\u300aThe Journal of Trading<\/strong>\u300b\uff08\u5df2\u505c\u520a\uff09\u7c7b\u4f3c\u7684\u4e00\u6b3e\u520a\u7269\u3002\u5176\u5173\u6ce8\u4ea4\u6613\u7b56\u7565\u3001\u5e02\u573a\u52a8\u6001\u548c\u4ea4\u6613\u6280\u672f\u7684\u671f\u520a\uff0c\u5b83\u867d\u7136\u4e0d\u662f\u9876\u520a\uff0c\u5728\u4ea4\u6613\u6280\u672f\u65b9\u9762\u72ec\u6811\u4e00\u5e1c\uff0c\u5b9e\u6218\u6027\u5f3a\u4e8e\u7406\u8bba\uff0c\u4e5f\u6709\u4e0d\u5c11\u8ba2\u9605\u8005\uff0c\u7f16\u8005\u63a8\u8350\u3002<\/p>\n\n\n\n
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\u672c\u6587\u5185\u5bb9\u4ec5\u9650\u5236\u7528\u4e8e\u6280\u672f\u63a2\u8ba8\u548c\u5b66\u4e60\uff0c\u539f\u521b\u4e0d\u6613\uff0c\u8f6c\u8f7d\u8bf7\u6807\u660e\u51fa\u5904\u53ca\u539f\u4f5c\u8005\u3002<\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"
\u4f5c\u8005\uff1a\u8001\u4f59\u635e\u9c7c \u539f\u521b\u4e0d\u6613\uff0c\u8f6c\u8f7d\u8bf7\u6807\u660e\u51fa\u5904\u53ca\u539f\u4f5c\u8005\u3002…<\/p>\n
Continue reading\u9886\u822a\u667a\u6295\u65f6\u4ee3\uff1aAI\u987e\u6295\u7cbe\u82f1\u5fc5\u8bfb\u9876\u520a<\/span><\/a><\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[4,7],"class_list":["post-1106","post","type-post","status-publish","format-standard","hentry","category-aiinvest","tag-ai","tag-7","entry"],"_links":{"self":[{"href":"https:\/\/laoyulaoyu.com\/index.php\/wp-json\/wp\/v2\/posts\/1106","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/laoyulaoyu.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/laoyulaoyu.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/laoyulaoyu.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/laoyulaoyu.com\/index.php\/wp-json\/wp\/v2\/comments?post=1106"}],"version-history":[{"count":0,"href":"https:\/\/laoyulaoyu.com\/index.php\/wp-json\/wp\/v2\/posts\/1106\/revisions"}],"wp:attachment":[{"href":"https:\/\/laoyulaoyu.com\/index.php\/wp-json\/wp\/v2\/media?parent=1106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/laoyulaoyu.com\/index.php\/wp-json\/wp\/v2\/categories?post=1106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/laoyulaoyu.com\/index.php\/wp-json\/wp\/v2\/tags?post=1106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}