An Empirical Study On The Impact Of Institutional Investors On Stock Prices In China

In the era of rapid economic development,economic efficiency has become an important indicator to measure the enterprise value,in order to achieve good economic benefit,a good investment plan is a very important foundation,under the market demand,institutional investors arises at the historic moment,is the manifestation of investment professional.The shares of listed companies are influenced by various factors and the fluctuations,including institutional investors is a more important factor.With the increase of number of listed companies,institutional investors team are also growing.From the perspective of the theory of institutional investors than for small and medium investors in the capital and technology has significant advantages,their behavior will be the most direct impact on the listed company’s share price,so study the behavior of institutional investors can provide important basis for exploring the stock price.Through exploring the influence of institutional investors for shares,help to better promote the development of institutional investors in China,provides a stable base for the development of China’s market diversification,create a suitable for China’s institutional investors to implement the investment behavior of the market environment,to promote the enterprise management theory references for better regulation of institutional investors.In order to study the institutional investors in China the influence of the stock prices of listed companies,this paper is divided into five chapters.The first chapter is the introduction part of this article.Mainly introduced in this paper,the research background,domestic and foreign literature review,research methods and research content,which laid a foundation for the paper writing.The second chapter is on the impact of institutional investors on the listed company’s share price.Mainly from the four aspects carries on the analysis and description.The third chapter is on the impact of institutional investors on shares of listed companies empirical research,is the empirical research part of this article.The fourth chapter is China’s institutional investors cause of herd behavior and feedback trading behavior and strategy;The fifth chapter is the analysis of the full text is summarized and studied.In this paper,in the process of research,in order to be able to in-depth analysis of institutional investors behavior on the fluctuation of stock price,respectively adopted different market analysis,finally concluded that institutional investors affect stock price fluctuations will,different prices in the market,showing the influence of also have significant differences.Bull market,institutional investors holding negative correlation with stock price fluctuations,in the bear market,institutional investors holding no significant relationship with stock price volatility.