Proceedings of the 2018 International Conference on Management and Education, Humanities and Social Sciences (MEHSS 2018)

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

Authors
Tingting Jiang, Yi Shu
Corresponding Author
Tingting Jiang
Available Online April 2018.
DOI
https://doi.org/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.
Open Access
This is an open access article distributed under the CC BY-NC license.

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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
UR  - https://doi.org/10.2991/mehss-18.2018.48
DO  - https://doi.org/10.2991/mehss-18.2018.48
ID  - Jiang2018/04
ER  -