The Vision of China’s Stock Market——“Government Dependence Effect”

DOI

10.2991/978-94-6463-632-1_19How to use a DOI?

Keywords

Intervention Analysis model; Stock Market; Government Dependence Effect

Abstract

The government intervenes in the stock market through tangible or intangible methods. It can use the People’s Daily to convey its views. The release of the People’s Daily News will cause abnormal fluctuations in the stock market. This paper analyzes the reasons behind it and believes that there is a “government dependence effect”. And the closing price of the “SSE Composite Index” is selected as the empirical data, and the intervention analysis model is established to analyze the fluctuations brought by the government’s claims in 1996, 1999 and 2015 to the stock price, thus verifying the existence of “government dependence in the Chinese stock market.” And analyze the impact of government dependence on the stock market.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Yaoji Ju
AU  - Fengjing Han
PY  - 2024
DA  - 2024/12/26
TI  - The Vision of China’s Stock Market——“Government Dependence Effect”
BT  - Proceedings of the 2024 4th International Conference on Business Administration and Data Science (BADS 2024)
PB  - Atlantis Press
SP  - 193
EP  - 202
SN  - 2352-538X
UR  - https://doi.org/10.2991/978-94-6463-632-1_19
DO  - 10.2991/978-94-6463-632-1_19
ID  - Ju2024
ER  -