Market Profitability Factors Exploration after the Stock Holding Event of Listed Companies Executives-Evidence from China's Stock Market

DOI

10.2991/icmemi-15.2015.26How to use a DOI?

Keywords

Executives increasing shareholding, Event study, Market reaction, Profitability factor.

Abstract

There are fewer detailed studies and empirical research on the related profitability factors for executives increase shareholding event of listed companies in China. We find out the market has a significant positive average cumulative abnormal returns after the announcement of listed companies’ executive increase shareholding. Multivariate regression model was used to analyze and test the profitability factors which effect the abnormal returns of the executives increase shareholding event. In this paper we find the lower valuation of companies, smaller market capitalization, lower ownership concentration, and lower stock prices volatility before the event are the significant four profitability factors which can help the investors obtain above-average income levels.

Copyright

© 2015, 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/).

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TY  - CONF
AU  - Yan-Qing Liang
AU  - Shu-Lin Zhang
AU  - Yi Cui
PY  - 2015/01
DA  - 2015/01
TI  - Market Profitability Factors Exploration after the Stock Holding Event of Listed Companies Executives-Evidence from China's Stock Market
BT  - Proceedings of the 2015 International Conference on Management Engineering and Management Innovation
PB  - Atlantis Press
SP  - 136
EP  - 142
SN  - 2352-5428
UR  - https://doi.org/10.2991/icmemi-15.2015.26
DO  - 10.2991/icmemi-15.2015.26
ID  - Liang2015/01
ER  -