互联网技术普及下的金融市场与创新: 基于全球视角下的检验

黄兆君, 田轩

The Real Impact of Internet Penetration on Financial Market Efficiency: From a Global Perspective

Zhaojun HUANG, Xuan TIAN

表A 各国基本特征均值

Country Patent* Top75_Citation* Top75_Claim* Citation* Claim* Financial (%) Internet (%) Argentina 80 19 27 112 90 33 38.73 Austria 3680 709 1182 5142 3961 163 68.08 Belgium 3795 817 1188 7395 4336 155 67.21 Brazil 647 97 144 521 615 123 36.95 Canada 19971 6123 7094 45568 27341 304 69.39 Chile 126 29 40 71 126 236 61.66 China 33768 6941 10796 34161 31687 209 33.22 Colombia 55 8 17 19 55 93 42.15 Cyprus 157 42 67 383 203 253 50.49 Czech Republic 141 19 28 147 136 64 41.69 Germany 77346 14235 24043 115826 85386 168 74.86 Denmark 3548 934 827 7940 4395 352 78.60 Spain 2197 376 512 3250 2159 270 57.60 Finland 8208 1930 3408 15200 12459 180 70.81 France 26342 4147 7128 34362 26778 201 62.89 United Kingdom 17732 4148 5495 33446 22638 271 68.46 Greece 114 25 45 171 128 146 42.64 Croatia 40 5 16 28 75 104 47.08 Hungary 176 37 55 208 196 83 66.12 India 2078 278 780 2508 2377 130 6.10 Ireland 2404 760 1055 8177 2713 248 60.14 Israel 8386 2916 3387 22924 10256 175 52.89 Italy 10847 1593 2987 12738 12401 143 36.77 Japan 295294 71910 99721 461195 335536 312 74.60 Luxembourg 2400 630 1008 5799 2539 213 92.86 Mexico 332 64 96 379 383 67 30.49 Malta 122 36 35 363 109 167 60.57 Malaysia 334 60 75 336 294 309 63.79 Netherlands 17221 3769 6706 34906 20306 252 84.49 Norway 1727 401 541 2396 1754 197 89.78 Peru 17 6 1 6 14 71 27.19 Poland 252 35 62 313 248 70 47.67 Portugal 136 34 33 272 139 210 45.45 Singapore 5743 1563 2899 13440 7073 339 67.64 Slovenia 121 18 44 132 149 104 63.89 Thailand 72 13 26 71 89 207 20.66 Turkey 298 47 56 207 244 75 43.68 South Africa 366 64 85 300 353 402 28.50