Research on Efficiency Loss in the Chinese Stock Market

Author: Zhang Yichun
Publisher:
Publish Date: 2004-01-01
Features: The price fluctuations in the stock market are the comprehensive result of investors' investment behaviors. Investors make different investment behavior choices based on the historical performance of listed companies, their future business expectations, and investment objectives. The equity structure of listed companies affects corporate performance, and also influences investors' objectives and behaviors through information transmission, ultimately affecting stock market fluctuations. This paper analyzes the conditions for stock market stability from the perspective of equity structure, combines it with the equity structure arrangements of listed companies in China, and examines the institutional roots of China's stock market instability. It also proposes that standardizing China's stock market requires optimizing the equity structure of listed companies.