Research on Ownership Structure and Stock Price Fluctuation

DOI

10.2991/emcs-17.2017.86How to use a DOI?

Keywords

Ownership concentration; Ownership balance; State holdings; Stock volatility; Public utility

Abstract

Based on the sample of A-share listed companies in 2015, we take an empirical research of the stock volatility of Listed Public Utility units from the perspective of ownership structure. The empirical results show that the institutional shareholders of listed companies in public utilities in China have the motive to promote the volatility of the stock price, while the state-owned shareholders play a role in stabilizing stock price volatility. In order to reduce the ability of the institutional shareholders to manipulate the stock price, we suggest that the government should increase the intensity of investment in public utilities. And in order to prevent the institutional shareholders promote the stock price vibration wantonly, the government should speed up the establishment of the delisting mechanism.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

TY  - CONF
AU  - Weice Ni
PY  - 2017/03
DA  - 2017/03
TI  - Research on Ownership Structure and Stock Price Fluctuation
BT  - Proceedings of the 2017 7th International Conference on Education, Management, Computer and Society (EMCS 2017)
PB  - Atlantis Press
SP  - 438
EP  - 442
SN  - 2352-538X
UR  - https://doi.org/10.2991/emcs-17.2017.86
DO  - 10.2991/emcs-17.2017.86
ID  - Ni2017/03
ER  -