Proceedings of the 5th Annual International Conference on Social Science and Contemporary Humanity Development (SSCHD 2019)

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Research on the Influence of Institutional Investors' Shareholding and Transaction on Stock Price Synchronicity

Authors
Yanliang Zhang, Wenwen Wang, Leya Zhang
Corresponding Author
Yanliang Zhang
Available Online December 2019.
DOI
10.2991/sschd-19.2019.90How to use a DOI?
Keywords
Institutional investors, Stock price synchronicity, Stock market, Capital market.
Abstract

Chinese institutional investors have experienced rapid growth in both size and volume over the past decade, but their role in the capital market has been inconclusive. By investigating the institutional investors' shareholdings and trading behaviors from 2007 to 2017, the study found that China's stock market overall stock price synchronicity is high. The share price of stocks with high institutional shareholdings is lower, while the increase in institutional investor transactions has failed to reduce stock price synchronicity. By further examining the impact of different types of institutional investor behavior on stock price synchronicity, it is found that there are differences in the influence of various types of institutional investors, and the shareholding and trading behavior of trusts, pension funds and QFII will reduce stock price synchronicity. Therefore, in order to maintain the stability of the capital market, we should continue to vigorously develop institutional investors while improving the structure of institutional investors and optimizing the company's dividend distribution mechanism.

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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Volume Title
Proceedings of the 5th Annual International Conference on Social Science and Contemporary Humanity Development (SSCHD 2019)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
December 2019
ISBN
978-94-6252-859-8
ISSN
2352-5398
DOI
10.2991/sschd-19.2019.90How to use a DOI?
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/).

Cite this article

risenwbib
TY  - CONF
AU  - Yanliang Zhang
AU  - Wenwen Wang
AU  - Leya Zhang
PY  - 2019/12
DA  - 2019/12
TI  - Research on the Influence of Institutional Investors' Shareholding and Transaction on Stock Price Synchronicity
BT  - Proceedings of the 5th Annual International Conference on Social Science and Contemporary Humanity Development (SSCHD 2019)
PB  - Atlantis Press
SP  - 419
EP  - 424
SN  - 2352-5398
UR  - https://doi.org/10.2991/sschd-19.2019.90
DO  - 10.2991/sschd-19.2019.90
ID  - Zhang2019/12
ER  -