Research on Herding effect of Chinese Stock Market under Heterogenous Investment Structure

DOI

10.2991/mehss-18.2018.48How to use a DOI?

Keywords

Heterogeneous investment structure, Herding effect, Split share reform, Shanghai-Hong Kong Stock Connect.

Abstract

The stock market is an important component of China's financial industry, and it is also an important investor in China's investors. Studying the performance of Chinese investors in the financial market is of great significance to the healthy development of China's securities investment industry.After reviewing the literature at home and abroad, this paper finds that there are few researches on herding effects under heterogeneous investment structure. Therefore, this paper adopts the split share structure reform and Shanghai-Hong Kong Stock Connect implementation as two time nodes and divides the Chinese stock market into three time periods. These two major reforms have changed the equity investment structure of the Chinese stock market. Under different equity investment structures, the performance of herding effect is also different. Studying herding effect in different periods can effectively help us to better supervise and guide investors.

Copyright

© 2018, 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  - Tingting Jiang
AU  - Yi Shu
PY  - 2018/04
DA  - 2018/04
TI  - Research on Herding effect of Chinese Stock Market under Heterogenous Investment Structure
BT  - Proceedings of the 2018 International Conference on Management and Education, Humanities and Social Sciences (MEHSS 2018)
PB  - Atlantis Press
SP  - 224
EP  - 230
SN  - 2352-5398
UR  - https://doi.org/10.2991/mehss-18.2018.48
DO  - 10.2991/mehss-18.2018.48
ID  - Jiang2018/04
ER  -