Empirical Research on China's Securities Company Net Capital Regulatory Effectiveness

DOI

10.2991/msetasse-16.2016.238How to use a DOI?

Keywords

Security Firm, Net Capital Regulation, Effectiveness

Abstract

Herein by reference partial adjustment model combines securities company's operating characteristics to build a research net capital regulation and risk behavior of simultaneous models, research methods panel data for our different capital adequacy of securities firms net capital regulation effect of empirical analysis. The results show that: Net capital constraints effective but not sufficient, limited net capital replenishment channels, market economy, with significant impact on the level of net capital, risk level and adjust the speed. This paper argues that strengthening external supervision, securities companies need to optimize internal risk control, multi-level dynamic net capital complementary approaches and to take "counter-cyclical" capital adjustment policies.

Copyright

© 2016, 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  - Kun Song
AU  - Yufeng Wang
PY  - 2016/11
DA  - 2016/11
TI  - Empirical Research on China's Securities Company Net Capital Regulatory Effectiveness
BT  - Proceedings of the 2016 4th International Conference on Management Science, Education Technology, Arts, Social Science and Economics (msetasse-16)
PB  - Atlantis Press
SP  - 1110
EP  - 1114
SN  - 2352-5398
UR  - https://doi.org/10.2991/msetasse-16.2016.238
DO  - 10.2991/msetasse-16.2016.238
ID  - Song2016/11
ER  -