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The domestic and foreign institutional investors’ effect on the stock price synchronicity: An empirical study on the Chinese Shenzhen Stock Exchange

Wang, Zerui LU (2015) NEKN02 20151
Department 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.
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author
Wang, Zerui LU
supervisor
organization
course
NEKN02 20151
year
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},
  keyword      = {Stock price synchronicity,Domestic institutional investors,Foreign institutional investors,Firm-specific information.},
  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},
}