DocumentCode :
3324418
Title :
Will share all-circulation affect market quality? —empirical research of Shanghai and Shenzhen security market
Author :
Zhou Ying ; Chen Xiao-hong ; She Jian
Author_Institution :
Bus. Sch., Central South Univ., Changsha
fYear :
2008
fDate :
10-12 Sept. 2008
Firstpage :
629
Lastpage :
640
Abstract :
Non-tradable share reform has become one of important factors which affected capital market to sustain develop in China. Nowadays, non-tradable share reform is being comprehensively carried on to realize share all-circulation of the capital market in China. This paper established a bargainer strategy model considering share all-circulation of Chinese security market firstly, then got several hypotheses by analyzing volatility factors and deduced the impact of the share all-circulation to the market quality theoretically. Then empirical researched of these hypotheses based on the sample of 435 companies which had finished the non-tradable share reform, by which we can find that share all-circulation can exercise some influences on the market volatility.
Keywords :
industrial economics; market research; security; share prices; bargainer strategy model; capital market; market quality; nontradable share; security market; share all-circulation; Conference management; Engineering management; Microstructure; Performance analysis; Pricing; Quality management; Security; Stock markets; Testing; Workstations; Bargainer strategy model; market microstructure; non-tradable share reform; volatility;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Management Science and Engineering, 2008. ICMSE 2008. 15th Annual Conference Proceedings., International Conference on
Conference_Location :
Long Beach, CA
Print_ISBN :
978-1-4244-2387-3
Electronic_ISBN :
978-1-4244-2388-0
Type :
conf
DOI :
10.1109/ICMSE.2008.4668980
Filename :
4668980
Link To Document :
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