Proceedings of the 2022 2nd International Conference on Enterprise Management and Economic Development (ICEMED 2022)

Evolution of Tripartite Dynamic Game and Simulation Analysis among Regulators, Fund Managers and Investors

Authors
Hang Lu1, , *, Jiale Shen2, , Ruolin Yang3,
1International College Beijing, China Agricultural University, 100083, Beijing, China
2College of economics, Wuhan University of Technology, 430000, Wuhan, China
3College of International Education Cooperation, Tianjin University of Commerce, 300133, Tianjin, China

These authors contributed equally.

*Corresponding author. Email: luhang2001@cau.edu.cn
Corresponding Author
Hang Lu
Available Online 1 July 2022.
DOI
10.2991/aebmr.k.220603.054How to use a DOI?
Keywords
Securities investment fund; behavior analysis; dynamic game; replication dynamic equation; simulation analysis; penalty intensity; legal supervision; tripartite evolutionary game
Abstract

In recent years, securities investment fund plays an increasingly important role in China’s securities market, which is a collective securities investment mode of interest co-existence and risk-sharing. However, principal-agent problems arise due to information asymmetry and utility imbalance among three parties of securities investment: fund manager, regulator, and investors. This paper analyzes the balanced relationship among fund managers, regulators, and investors from the perspective of the dynamic game. The results show that the additional effects of penalty intensity, credit loss, and supervision greatly affect the specific behaviors of the three parties. In order to make a perfect investment system of China’s securities investment fund market, this paper makes some suggestions to fund managers, regulators, and investors on perfecting laws and regulations, increasing punishment, and raising investment awareness.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

Download article (PDF)

Volume Title
Proceedings of the 2022 2nd International Conference on Enterprise Management and Economic Development (ICEMED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
1 July 2022
ISBN
978-94-6239-585-5
ISSN
2352-5428
DOI
10.2991/aebmr.k.220603.054How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

Cite this article

TY  - CONF
AU  - Hang Lu
AU  - Jiale Shen
AU  - Ruolin Yang
PY  - 2022
DA  - 2022/07/01
TI  - Evolution of Tripartite Dynamic Game and Simulation Analysis among Regulators, Fund Managers and Investors
BT  - Proceedings of the 2022 2nd International Conference on Enterprise Management and Economic Development (ICEMED 2022)
PB  - Atlantis Press
SP  - 328
EP  - 336
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220603.054
DO  - 10.2991/aebmr.k.220603.054
ID  - Lu2022
ER  -