How do the Ordinary People Invest Chinese A Share

DOI

10.2991/emcs-16.2016.146How to use a DOI?

Keywords

Chinese Urban residents; Stock Exchange; Behavioural Finance; Herding effect; Disposition Effect.

Abstract

To investigate the investment behavior in the Chinese stock market, 2,000 residents of the mid-scaled town of Xiaoshan completed a survey questionnaire. Sample survey and typical survey results show that most stock investors are young persons with relatively low education background. They use idle funds to invest and exhibit strong Herd effects as they usually act collectively without centralised direction. Another obvious behaviour character is that they tend to sell profitable stocks while hold passive stocks, which is highly consistent with disposition effect. The data collected and the analysis in this paper is beneficial to study investors trading behaviour as well as psychological ownership. It can also to a large extent explain Chinese stock market performance.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Renfang Liang
AU  - Yu He
AU  - Junqiao Wang
PY  - 2016/01
DA  - 2016/01
TI  - How do the Ordinary People Invest Chinese A Share
BT  - Proceedings of the 2016 International Conference on Education, Management, Computer and Society
PB  - Atlantis Press
SP  - 602
EP  - 605
SN  - 2352-538X
UR  - https://doi.org/10.2991/emcs-16.2016.146
DO  - 10.2991/emcs-16.2016.146
ID  - Liang2016/01
ER  -