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本文建立了基金业市场结构与市场绩效关系模型,通过两次回归逐步筛选的方式,对传统产业组织理论关于产业绩效与结构关系的各种假说进行了检验,结果显示,我国基金业绩效存在严重的环境依赖倾向。
This paper establishes a model of the relationship between market structure and market performance in the fund industry. By means of two-step regression, the various hypotheses about the relationship between industry performance and structure are tested. The results show that the performance of the fund industry in China is serious Environmental dependence.