Empirical analysis of Chinese stock market behavior: evidence from dynamic correlations, herding behavior, and speed of adjustment

2021 ◽  
Author(s):  
Lin Tan
Keyword(s):  
Stock Market ◽  
Empirical Analysis ◽  
Chinese Stock Market ◽  
Market Behavior ◽  
Herding Behavior ◽  
Speed Of Adjustment ◽  
Dynamic Correlations

Why investors use technical analysis? Information discovery versus herding behavior

2015 ◽  
Vol 5 (1) ◽  
pp. 53-68 ◽  
Author(s):  
Tiandu Wang ◽  
Qian Sun
Keyword(s):  
Stock Market ◽  
Information Asymmetry ◽  
Excess Return ◽  
Chinese Stock Market ◽  
Information Discovery ◽  
Herding Behavior ◽  
Significant Excess ◽  
Technical Trading Rules ◽  
Content Type ◽  
Empirical Results

Purpose – The purpose of this paper is to establish two competitive models to explain why investors use technical analysis (TA). Design/methodology/approach – Information Discovery Model suggests that technical traders are able to infer non-public information; Herding Behavior Model argues that TA is a kind of irrational herding behavior that can make profit when other noise traders exist. Findings – The empirical results from Chinese stock market show that some technical trading rules generate significant excess returns. Research limitations/implications – The empirical results from Chinese stock market show that some technical trading rules generate significant excess returns. Stocks with stronger information asymmetry and lower liquidity experiences higher excess return, which support the Information Discovery Model that TA is a method of information discovery for rational investors when the market is not fully efficient. Originality/value – Stocks with stronger information asymmetry and lower liquidity experiences higher excess return, which support the Information Discovery Model that TA is a method of information discovery for rational investors when the market is not fully efficient.

scholarly journals Institutional investor company social responsibility report and company performance

2021 ◽  
Vol 0 (0) ◽  
Author(s):  
Yonghui Li ◽  
Shide Zhao ◽  
Lipeng Bai ◽  
Basel Jamal Ali
Keyword(s):  
Stock Market ◽  
Social Responsibility ◽  
Empirical Analysis ◽  
Institutional Investor ◽  
Historical Research ◽  
Company Performance ◽  
Chinese Stock Market ◽  
Two Factors ◽  
Western Market ◽  
Research Studies

Abstract In the Chinese stock market, the rate of institutional holder and the company social responsibility report level are comparatively lower than those in the Western market. Historical research studies showed that there exist some connections between these two factors and company performance. This article uses the method of empirical analysis based on data during 3 years to try to find out the result.

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