The domestic and foreign institutional investors’ effect on the stock price synchronicity: An empirical study on the Chinese Shenzhen Stock Exchange
(2015) NEKN02 20151Department of Economics
- Abstract
- The purpose of this research is to calculate the price synchronicity of Shenzhen Stock Exchange and identify the different influence that the domestic institutional investors and qualified foreign institutional investors have on the price synchronicity. I come to the conclusion that there is a decreasing tendency of stock price synchronicity in Shenzhen Stock Exchange from 2007 to 2012. By regressing the main model, I found that the changes of domestic institutional investors have significant effect on decreasing the stock price synchronicity. On the contrary, the coefficients of foreign institutional investors are insignificant.
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/5474208
- author
- Wang, Zerui LU
- supervisor
- organization
- course
- NEKN02 20151
- year
- 2015
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- Stock price synchronicity, Domestic institutional investors, Foreign institutional investors, Firm-specific information.
- language
- English
- id
- 5474208
- date added to LUP
- 2015-06-29 13:23:50
- date last changed
- 2015-06-29 13:23:50
@misc{5474208, abstract = {{The purpose of this research is to calculate the price synchronicity of Shenzhen Stock Exchange and identify the different influence that the domestic institutional investors and qualified foreign institutional investors have on the price synchronicity. I come to the conclusion that there is a decreasing tendency of stock price synchronicity in Shenzhen Stock Exchange from 2007 to 2012. By regressing the main model, I found that the changes of domestic institutional investors have significant effect on decreasing the stock price synchronicity. On the contrary, the coefficients of foreign institutional investors are insignificant.}}, author = {{Wang, Zerui}}, language = {{eng}}, note = {{Student Paper}}, title = {{The domestic and foreign institutional investors’ effect on the stock price synchronicity: An empirical study on the Chinese Shenzhen Stock Exchange}}, year = {{2015}}, }