| In this paper, I used event study methodology and empirical research approach, made an analysis of the existence of insider trading in our country and its impact on the extent of stock market fluctuations. By choosing a large sample, low-noise data and the adoption of a more accurate model of the design, I attempt to draw more precise conclusions empirical analysis on insider trading questions in China's stock market. And I also with views of providing some comments and suggestions for China's securities regulator and supplying some valuable information for relevant agencies.The first chapter introduced the research background, research methods, contents and innovations of this paper.ChapterⅡintroduced the theoretical basis for insider trading and the synthesis of foreign literature. This chapter also introduced the theoretical foundations for strict supervision of insider trading and controversial views between scholars.ChapterⅢintroduced the principles and concrete steps of event study.Then I made an empirical test for insider trading of Shanghai and Shenzhen stock market.In chapters four we mainly analysis the reasons why insider trading take place and make some positive policy on the stock market.The last chapter is the conclusion. This chapter described conclusions of the analysis and pointed out some inadequacies exist. |
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