本文实证检验证券市场中卖空交易机制的套期保值功能。研究结果表明,卖空交易机制不但为投资者提供新的盈利模式,也为投资者提供套期保值工具和手段,投资者可以利用卖空交易机制进行套期保值交易。
This paper discusses the hedging function of short selling system in security market by an empirical study. The results suggest that the short selling system not only provides the investors with the new profit-making mode but also creates the means to hedge for investors.