Empirical Research on the Herding in Chinese Securities Investment Fund

The securities investment fund is the largest investor in China, and its herding has an important impact on the securities market. This article takes the seasonal data of the open-end fund from the 1st season in 2010 to the 4th season in 2013 as the sample and uses the corrected LSV model to make an...

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Main Author:	Li Shuyuan
Format:	Article
Language:	English
Published:	EDP Sciences 2015-01-01
Series:	SHS Web of Conferences
Subjects:	securities investment LSV model empirical inspection
Online Access:	http://dx.doi.org/10.1051/shsconf/20151701018

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spelling	doaj-8c3c51fe026643a3bcb9c454dc5dccfc2021-04-02T11:42:09ZengEDP SciencesSHS Web of Conferences2261-24242015-01-01170101810.1051/shsconf/20151701018shsconf_icmetm2015_01018Empirical Research on the Herding in Chinese Securities Investment FundLi ShuyuanThe securities investment fund is the largest investor in China, and its herding has an important impact on the securities market. This article takes the seasonal data of the open-end fund from the 1st season in 2010 to the 4th season in 2013 as the sample and uses the corrected LSV model to make an empirical inspection for the herding in Chinese securities investment fund. The result shows that there’s a serious herding in Chinese securities investment fund. It is found from the further research that the herding degree has a positive correlation with the securities market fluctuation, so it intensifies the fluctuation in the securities market.http://dx.doi.org/10.1051/shsconf/20151701018securities investmentLSV modelempirical inspection
collection	DOAJ
language	English
format	Article
sources	DOAJ
author	Li Shuyuan
spellingShingle	Li Shuyuan Empirical Research on the Herding in Chinese Securities Investment Fund SHS Web of Conferences securities investment LSV model empirical inspection
author_facet	Li Shuyuan
author_sort	Li Shuyuan
title	Empirical Research on the Herding in Chinese Securities Investment Fund
title_short	Empirical Research on the Herding in Chinese Securities Investment Fund
title_full	Empirical Research on the Herding in Chinese Securities Investment Fund
title_fullStr	Empirical Research on the Herding in Chinese Securities Investment Fund
title_full_unstemmed	Empirical Research on the Herding in Chinese Securities Investment Fund
title_sort	empirical research on the herding in chinese securities investment fund
publisher	EDP Sciences
series	SHS Web of Conferences
issn	2261-2424
publishDate	2015-01-01
description	The securities investment fund is the largest investor in China, and its herding has an important impact on the securities market. This article takes the seasonal data of the open-end fund from the 1st season in 2010 to the 4th season in 2013 as the sample and uses the corrected LSV model to make an empirical inspection for the herding in Chinese securities investment fund. The result shows that there’s a serious herding in Chinese securities investment fund. It is found from the further research that the herding degree has a positive correlation with the securities market fluctuation, so it intensifies the fluctuation in the securities market.
topic	securities investment LSV model empirical inspection
url	http://dx.doi.org/10.1051/shsconf/20151701018
work_keys_str_mv	AT lishuyuan empiricalresearchontheherdinginchinesesecuritiesinvestmentfund
_version_	1721571599497297920

Empirical Research on the Herding in Chinese Securities Investment Fund

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