Herding of Chinese Mutual Funds and it's Impact on the Price of Stock

被引：0

作者：

Wan Zhi-hua ^{[1
]}

Gao Li-feng ^{[1
]}

Song Lian-cheng ^{[1
]}

Li Yu-feng ^{[1
]}

机构：

[1] Shenyang Univ Technol, Coll Econ, Shenyang 110178, Peoples R China

来源：

EBM 2010: INTERNATIONAL CONFERENCE ON ENGINEERING AND BUSINESS MANAGEMENT, VOLS 1-8 | 2010年

关键词：

mutual funds; Herd behavior; Measurement; stock price;

D O I：

暂无

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

This article uses the detailed portfolio sample data about Shanghai-Shenzhen 300 sample stocks of 325 funds traded at Shanghai Stock Exchange and Shenzhen Stock Exchange from the first quarter of 2002 to the first quarter of 2007 as sample. Using LSV method, this article divides all stock-season samples into different sub-samples by different characteristics of the sample and measures the herd behavior of funds on all kinds of sub-samples. We find that funds behave differently on different sub-samples and the herd behavior of funds accelerate the fluctuation of stocks' price.

引用

页码：4045 / 4050

页数：6

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