A Study Of The Effects Of The Institutional Investor's Behavior On The Stability Of The Stock Market

With the main line of"to put forward a problem, to analyze the problem and then to solve the problem", this paper has discussed the influences on the stock market stability coming from the behavior of institutional investors, using both theoretical and empirical methods .Full text is divided into three parts, a total of five chapters; the main contents are as follows:The first part is the first chapter, the main questions are raised. the influences on the stock market stability coming from the behavior of institutional investors, the causes of this problem, research significance, research content, research framework, research methods to be adopted, as well as the main innovation of this article.The second part of problem analysis is part of the main analysis of institutional investors on stock market stability. This part includes chapters II and III. Chapter II is institutional investors on the securities markets affect the stability of the theoretical analysis, the third chapter is institutional investors on the stock market impact of the stability of empirical analysis.The third part is to solve the problem in part, including Chapters IV and V. Chapter IV is mainly a summary of the preceding chapters and extension. From the preceding chapters of the study results showed that Chinese institutional investors failed to exert the function of the stability of the securities market. This chapter makes some suggestions on how to improve China's institutional investors'function of stabilizing the market.Finally the fifth chapter of the study is summarized and deficiencies exist in this article; the paper's main conclusions were as follows: An Empirical and Theoretical Analysis of results showed that our securities investment fund has significant herding behavior and negative feedback behavior, from an overall point of view, our country acts of institutional investors exacerbates the volatility of the stock market. The failure of China's institutional investors to play the function of stabilizing the market is caused by our country's external environment constraints and its own defects in the development of the institutional investors.