Influences Of Institutional Investor’s Behavior To Efficiency Of Vietnamese Stock Market Research

With the stable growth of our economy, stock market develops and grows rapidly, especially for the institutional investors, grow very quickly, are becoming the main component of the stock market. But because the Vietnam’s stock market started in late of last century, the development time for the institutional investors is short; there is still a big gap between the developed countries. Their investment philosophy is not mature, more about speculation which is often exacerbated market volatility, not great for the market stability, also not good for the development of our stock market, and against the purpose of letting institutional investors stabilize the market.In this thesis, on the foundation of looking back related theories and evidences researched, the investment behavior of Viet Nam institutional investors and the impact on stock price were explored. According to their investment behavior characteristics, find the affect they make to the stock market.Use the data of Vietnam’s stock market large-volume trade instead of institutional investors’behavior (between2010-2014), by comparing the efficiency of security market in the positive, while establishing regression analysis and negative feedback strategy institutional investor to take, the influence of institutional investor’s feedback strategy on the efficiency of security market, to clarify the practical significance to encourage institutional investors and strengthen the supervision of institutional investors.