Empirical Research on the Herding in Chinese Securities Investment Fund
The securities investment fund is the largest investor in China, and its herding has an important impact on the securities market. This article takes the seasonal data of the open-end fund from the 1st season in 2010 to the 4th season in 2013 as the sample and uses the corrected LSV model to make an...
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| Format: | Article |
| Language: | English |
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EDP Sciences
2015-01-01
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| Series: | SHS Web of Conferences |
| Subjects: | |
| Online Access: | http://dx.doi.org/10.1051/shsconf/20151701018 |
| _version_ | 1818452636221833216 |
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| author | Li Shuyuan |
| author_facet | Li Shuyuan |
| author_sort | Li Shuyuan |
| collection | DOAJ |
| description | The securities investment fund is the largest investor in China, and its herding has an important impact on the securities market. This article takes the seasonal data of the open-end fund from the 1st season in 2010 to the 4th season in 2013 as the sample and uses the corrected LSV model to make an empirical inspection for the herding in Chinese securities investment fund. The result shows that there’s a serious herding in Chinese securities investment fund. It is found from the further research that the herding degree has a positive correlation with the securities market fluctuation, so it intensifies the fluctuation in the securities market. |
| first_indexed | 2024-12-14T21:26:14Z |
| format | Article |
| id | doaj.art-8c3c51fe026643a3bcb9c454dc5dccfc |
| institution | Directory Open Access Journal |
| issn | 2261-2424 |
| language | English |
| last_indexed | 2024-12-14T21:26:14Z |
| publishDate | 2015-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | SHS Web of Conferences |
| spelling | doaj.art-8c3c51fe026643a3bcb9c454dc5dccfc2022-12-21T22:46:47ZengEDP SciencesSHS Web of Conferences2261-24242015-01-01170101810.1051/shsconf/20151701018shsconf_icmetm2015_01018Empirical Research on the Herding in Chinese Securities Investment FundLi ShuyuanThe securities investment fund is the largest investor in China, and its herding has an important impact on the securities market. This article takes the seasonal data of the open-end fund from the 1st season in 2010 to the 4th season in 2013 as the sample and uses the corrected LSV model to make an empirical inspection for the herding in Chinese securities investment fund. The result shows that there’s a serious herding in Chinese securities investment fund. It is found from the further research that the herding degree has a positive correlation with the securities market fluctuation, so it intensifies the fluctuation in the securities market.http://dx.doi.org/10.1051/shsconf/20151701018securities investmentLSV modelempirical inspection |
| spellingShingle | Li Shuyuan Empirical Research on the Herding in Chinese Securities Investment Fund SHS Web of Conferences securities investment LSV model empirical inspection |
| title | Empirical Research on the Herding in Chinese Securities Investment Fund |
| title_full | Empirical Research on the Herding in Chinese Securities Investment Fund |
| title_fullStr | Empirical Research on the Herding in Chinese Securities Investment Fund |
| title_full_unstemmed | Empirical Research on the Herding in Chinese Securities Investment Fund |
| title_short | Empirical Research on the Herding in Chinese Securities Investment Fund |
| title_sort | empirical research on the herding in chinese securities investment fund |
| topic | securities investment LSV model empirical inspection |
| url | http://dx.doi.org/10.1051/shsconf/20151701018 |
| work_keys_str_mv | AT lishuyuan empiricalresearchontheherdinginchinesesecuritiesinvestmentfund |