Research on Herding effect of Chinese Stock Market under Heterogenous Investment Structure
- Tingting Jiang, Yi Shu
- Corresponding Author
- Tingting Jiang
Available Online April 2018.
- https://doi.org/10.2991/mehss-18.2018.48How to use a DOI?
- Heterogeneous investment structure, Herding effect, Split share reform, Shanghai-Hong Kong Stock Connect.
- 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.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
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 - 2018 International Conference on Management and Education, Humanities and Social Sciences (MEHSS 2018) PB - Atlantis Press SN - 2352-5398 UR - https://doi.org/10.2991/mehss-18.2018.48 DO - https://doi.org/10.2991/mehss-18.2018.48 ID - Jiang2018/04 ER -