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The Investment Behavior Analysis Of The Institutional Investors In Chinese Security Market

Posted on:2006-04-24Degree:MasterType:Thesis
Country:ChinaCandidate:Y W ChenFull Text:PDF
GTID:2166360155461943Subject:Statistics
Abstract/Summary:PDF Full Text Request
The investment behavior analysis of investors in the stock market was a focus in recent years. For long time, the structure of investors was always thought the main reason of Chinese stock market undulate and violent motion. On one hand, the rapidly development of the investors' number has strengthen the money raising function of the stock market and pushed the financial system reform. On the other hand, there is a little deviation between the operation and the expectation function of the stock investment fund. It is very meaningful of analyzing the investment characteristic and controlling the investment time of investors for the large retail investors, especially in the condition of the small stock market capacity and thick speculation atmosphere, as well the multifariously making in current Chinese stock market.In this paper, on the foundation of looking back related theories and evidence researched, the investment behavior characteristics of Chinese institutional investors and it influences for the marketing were explored. Around this center of investment behavior of the institutional investors, head behavior of the institutional investors, investment period and game behavior were one by one researched. The main behavior of stock price was first explored in the mathematics way, and the mathematical model for it was established. The behavior characteristic of the institutional investor was analyzed through the research of residual sequence regulation. What's more, Spectral Analysis for residual was also explored by using of the Fourier Transform method, which further research the periodic of investment behavior. Institutional investor is the pre-eminent community in our country stock market, whose behaviors in fact is the result of exterior and internal game. According to the practice, with the analyzing of the behaviors of the institutional investors, set up a market-orient securities supervised system. Promoting the development of securities market of our country, with making the institutional investors develop generally, ensuring the market stabilizate and with somewhat activity, as well as ensuring the benefit of the individual investors in practice. From the macroscopical aspect, the behaviors of the institutional investors of our country are the result of a series of complex factors, reflecting the internal of the limitations of the securities market of our country; from the microcosmic aspect, studying the invest cycle of institutional investors, can inferent the time of institutional investors when dealing the individual stocks, and provice rational inductions for the individual investors, making the individual invest more reasonable.
Keywords/Search Tags:Security Market, Institutional Investors, Head Behavior, Main Analysis, Spectral Analysis, Game Analysis
PDF Full Text Request
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