{"id":29483,"date":"2021-05-10T17:07:00","date_gmt":"2021-05-10T10:07:00","guid":{"rendered":"https:\/\/www.xinwengao.com\/cn\/pr\/2021051017070029483"},"modified":"2021-05-10T21:41:10","modified_gmt":"2021-05-10T13:41:10","slug":"%e9%ab%98%e9%87%91%e6%95%99%e6%8e%88%e8%b5%84%e8%b6%85%e7%9a%84%e8%ae%ba%e6%96%87%e8%bf%91%e6%97%a5%e5%88%8a%e5%8f%91%e4%ba%8e%e5%9b%bd%e9%99%85%e9%a1%b6%e7%ba%a7%e6%9c%9f%e5%88%8ajfe","status":"publish","type":"post","link":"https:\/\/www.xinwengao.com\/cn\/pr\/2021051017070029483","title":{"rendered":"\u9ad8\u91d1\u6559\u6388\u8d44\u8d85\u7684\u8bba\u6587\u8fd1\u65e5\u520a\u53d1\u4e8e\u56fd\u9645\u9876\u7ea7\u671f\u520aJFE"},"content":{"rendered":"<p><p>\u4e0a\u6d772021\u5e745\u670810\u65e5 \/\u7f8e\u901a\u793e\/ &#8212; \u56fd\u9645\u9876\u7ea7\u91d1\u878d\u5b66\u671f\u520a<span id=\"spanHghlt992d\"><i>J<\/i><\/span><i>ournal<\/i> <i>of Financial Economics<\/i>\uff08\u300a\u91d1\u878d\u7ecf\u6d4e\u5b66\u6742\u5fd7\u300b\uff0c\u7b80\u79f0\u201cJFE\u201d\uff09\u8fd1\u65e5\u520a\u53d1\u4e86\u4e0a\u6d77\u4ea4\u901a\u5927\u5b66\u4e0a\u6d77\u9ad8\u7ea7\u91d1\u878d\u5b66\u9662\uff08SAIF\/\u9ad8\u91d1\uff09\u52a9\u7406\u6559\u6388\u8d44\u8d85\u7684\u8bba\u6587<i>Under-Diversification and Idiosyncratic Risk Externalities<\/i>\uff08\u300a\u6295\u8d44\u5206\u6563\u4e0d\u8db3\u60c5\u51b5\u4e0b\u975e\u7cfb\u7edf\u6027\u98ce\u9669\u7684\u5916\u90e8\u6027\u300b\uff09\u3002\u8fd9\u662f\u8d44\u8d85\u6559\u6388\u5728\u8be5\u6742\u5fd7\u4e0a\u53d1\u8868\u7684\u7b2c\u4e8c\u7bc7\u8bba\u6587\u3002 <\/p>\n<p>JFE\u6742\u5fd7\u7531\u7f8e\u56fd\u7f57\u5207\u65af\u7279\u5927\u5b66\u5546\u5b66\u9662\u4e3b\u529e\uff0c\u662f\u6db5\u76d6\u91d1\u878d\u7ecf\u6d4e\u5b66\u7406\u8bba\u548c\u5b9e\u8bc1\u7814\u7a76\u8bfe\u9898\u7684\u540c\u884c\u8bc4\u8bae\u5b66\u672f\u671f\u520a\uff0c\u4e0e<i>Journal of Finance<\/i>\uff08JF\uff09\u548c<i>Review of Financial Studies<\/i>\uff08RFS\uff09\u88ab\u516c\u8ba4\u4e3a\u5168\u7403\u4e09\u5927\u9876\u7ea7\u91d1\u878d\u5b66\u672f\u671f\u520a\u3002&nbsp; <\/p>\n<p>\u8fd9\u7bc7\u8bba\u6587\u7531\u8d44\u8d85\u6559\u6388\u4e0e\u4f0a\u5229\u8bfa\u4f0a\u5927\u5b66\u5384\u5df4\u7eb3\u9999\u69df\u5206\u6821\u6559\u6388Dejanir Silva\u548c\u5df4\u897fEPGE\u91d1\u878d\u5b66\u9662\u6559\u6388Felipe S. 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risk externalities\uff09\u3002\u63a5\u7740\uff0c\u4ed6\u4eec\u8fdb\u4e00\u6b65\u63ed\u793a\u4e86\u8fd9\u4e2a\u201c\u5916\u90e8\u6027\u201d\u6240\u9020\u6210\u7684\u7ecf\u6d4e\u635f\u5931\u53ef\u4ee5\u901a\u8fc7\u8d44\u4ea7\u5b9a\u4ef7\u6570\u636e\u8fdb\u884c\u91cf\u5316\u4f30\u8ba1\uff0c\u5e76\u53d1\u73b0\u5b83\u5e26\u6765\u7684\u798f\u5229\u635f\u5931\u662f\u4e0d\u5bb9\u5ffd\u89c6\u7684\u3002 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<\/p>\n<p>\u672c\u7bc7\u8bba\u6587\u7814\u7a76\u89c6\u89d2\u65b0\u9896\u72ec\u7279\uff0c\u521b\u9020\u6027\u5730\u4f7f\u7528\u8d44\u4ea7\u5b9a\u4ef7\u7814\u7a76\u6765\u4e3a\u5b8f\u89c2\u653f\u7b56\u5236\u5b9a\u63d0\u4f9b\u4f9d\u636e\u548c\u6307\u5bfc\uff0c\u4e3a\u4eca\u540e\u7684\u5b8f\u89c2\u91d1\u878d\u7814\u7a76\u63d0\u4f9b\u4e86\u4e00\u4e2a\u6a21\u677f\u3002 <\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u4e0a\u6d772021\u5e745\u670810\u65e5 \/\u7f8e\u901a\u793e\/ &#8212; \u56fd\u9645\u9876\u7ea7\u91d1\u878d\u5b66\u671f\u520aJournal of Financial Economics\uff08\u300a\u91d1\u878d\u7ecf\u6d4e\u5b66\u6742\u5fd7\u300b\uff0c\u7b80\u79f0\u201cJFE\u201d\uff09\u8fd1\u65e5\u520a\u53d1\u4e86\u4e0a\u6d77\u4ea4\u901a\u5927\u5b66\u4e0a\u6d77\u9ad8\u7ea7\u91d1\u878d\u5b66\u9662\uff08SAIF\/\u9ad8\u91d1\uff09\u52a9\u7406\u6559\u6388\u8d44\u8d85\u7684\u8bba\u6587Under-Diversification and Idiosyncratic Risk Externalities\uff08\u300a\u6295\u8d44\u5206\u6563\u4e0d\u8db3\u60c5\u51b5\u4e0b\u975e\u7cfb\u7edf\u6027\u98ce\u9669\u7684\u5916\u90e8\u6027\u300b\uff09\u3002\u8fd9\u662f\u8d44\u8d85\u6559\u6388\u5728\u8be5\u6742\u5fd7\u4e0a\u53d1\u8868\u7684\u7b2c\u4e8c\u7bc7\u8bba\u6587\u3002 JFE\u6742\u5fd7\u7531\u7f8e\u56fd\u7f57\u5207\u65af\u7279\u5927\u5b66\u5546\u5b66\u9662\u4e3b\u529e\uff0c\u662f\u6db5\u76d6\u91d1\u878d\u7ecf\u6d4e\u5b66\u7406\u8bba\u548c\u5b9e\u8bc1\u7814\u7a76\u8bfe\u9898\u7684\u540c\u884c\u8bc4\u8bae\u5b66\u672f\u671f\u520a\uff0c\u4e0eJournal of Finance\uff08JF\uff09\u548cReview of Financial Studies\uff08RFS\uff09\u88ab\u516c\u8ba4\u4e3a\u5168\u7403\u4e09\u5927\u9876\u7ea7\u91d1\u878d\u5b66\u672f\u671f\u520a\u3002&nbsp; \u8fd9\u7bc7\u8bba\u6587\u7531\u8d44\u8d85\u6559\u6388\u4e0e\u4f0a\u5229\u8bfa\u4f0a\u5927\u5b66\u5384\u5df4\u7eb3\u9999\u69df\u5206\u6821\u6559\u6388Dejanir Silva\u548c\u5df4\u897fEPGE\u91d1\u878d\u5b66\u9662\u6559\u6388Felipe S. 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