A Study of How Stock Liquidity Differs in Bullish and Bearish Markets: The Case of China’s Stock Market

DOI

10.2991/febm-19.2019.21How to use a DOI?

Keywords

stock liquidity; bullish; bearish; panel data

Abstract

Considering the market factors and industry factors, this paper conducts a study of the difference of stock liquidity between bullish and bearish market. The study takes 45 stocks respectively from 9 main industries in CSI 300 market as the objects, the 16th of Oct. in 2007 as the cut-off point, the sample period is two years before and after the point, uses t-test to examine the significance of the differences between two samples. The results show that the difference between the bullish and the bearish market is significant, the stock liquidity in the bullish market is significantly higher than in the bearish market, and the difference of liquidity in different industries also exists.

Copyright

© 2019, 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  - Mingdi Chen
PY  - 2019/12
DA  - 2019/12
TI  - A Study of How Stock Liquidity Differs in Bullish and Bearish Markets: The Case of China’s Stock Market
BT  - Proceedings of the Fourth International Conference on Economic and Business Management (FEBM 2019)
PB  - Atlantis Press
SP  - 50
EP  - 55
SN  - 2352-5428
UR  - https://doi.org/10.2991/febm-19.2019.21
DO  - 10.2991/febm-19.2019.21
ID  - Chen2019/12
ER  -