Interacting of stock traders and empirical analysis on the stock market of China

Author

Liu, Zhongsheng

Author_Institution

Sch. of Bus. Adm., Henan Univ. of Finance & Econ., Zhengzhou, China

Volume

1

fYear

2009

fDate

5-6 Dec. 2009

Firstpage

133

Lastpage

136

Abstract

Crash of capital market in the past showed that capital market isn´t always rational and efficient. The investment attitude of traders and investment environment are main factors influencing on stock prices. Empirical analysis on capital market of China indicates that consistency of the interacting model between theory and practice is rather well, and discovers that the investment attitude of traders has more significant effect on stock prices than intrinsic value of stock. Thus, speculation in the capital market is very strong. Improvement of quality and behavior of listed companies is a basic condition changing the situation.

Keywords

investment; stock markets; China; capital market; empirical analysis; investment attitude; speculation; stock market; stock prices; stock traders; Computer crashes; Economic forecasting; Environmental economics; Feedback; Finance; Fluctuations; Forward contracts; Investments; Stock markets; Testing; interacting; investment attitude; investment environment; price change;

fLanguage

English

Publisher

ieee

Conference_Titel

Test and Measurement, 2009. ICTM '09. International Conference on

Conference_Location

Hong Kong

Print_ISBN

978-1-4244-4699-5

Type

conf

DOI

10.1109/ICTM.2009.5412980

Filename

5412980