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| Investor Behavior Effect on Interest-reduction: Empirical Analysis Base on A-Share Market |
| LI Zhuo |
| School of Economics and Finance, Shanghai International Studies University |
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Abstract Most of the articles that studied the effect of interest rate adjustment on the market are from the perspective of volatility and liquidity. This paper, taking Shanghai a-share market data as sample, uses the event study method and a measuring model to examine the movements of the market average concentration, and analyzes whether there exist insider trading activities during these five interest rate adjustments in 2015. The analysis would suggest whether the market may have a good expectation on interest reduction or a group of market players could correctly predict the reduction of interest rate. Meanwhile, the results can be a good reference for market regulators.
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Received: 02 January 2018
Published: 15 February 2018
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Corresponding Authors:
LI Zhuo
E-mail: marshalllee0309@hotmail.com
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2018, Vol. 38 
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