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dc.contributor.advisorBakshi, Gurdip
dc.creatorChen, Hao
dc.date.accessioned2023-01-12T19:12:55Z
dc.date.available2023-01-12T19:12:55Z
dc.date.issued2022
dc.identifier.urihttp://hdl.handle.net/20.500.12613/8300
dc.description.abstractFinancial supervision department has loosened restrictions on insurance company’s holdings on capital market, aiming to give full play to the insurance funds which typically have the strengths of large scale, long investment horizon and stable supply. Nevertheless, some insurance companies carry out unfriendly behaviors through capital superiority, which may cause volatility of stock prices. Based on this, the paper mainly studies the insurance funds and volatility spillover of individual stocks as well as the entire capital market. This paper uses a framework of econometric methods based on vector autoregressive mode, and selects the 2016—2020 quarterly data from the SSE A-share disclosure. The results reveal that on one hand, price fluctuation has a unidirectional spillover effect on insurance companies’ changes in ownership. On the other hand, insurance companies’ changes in ownership also have a unidirectional spillover effect on volatility of the SSE index.
dc.format.extent50 pages
dc.language.isoeng
dc.publisherTemple University. Libraries
dc.relation.ispartofTheses and Dissertations
dc.rightsIN COPYRIGHT- This Rights Statement can be used for an Item that is in copyright. Using this statement implies that the organization making this Item available has determined that the Item is in copyright and either is the rights-holder, has obtained permission from the rights-holder(s) to make their Work(s) available, or makes the Item available under an exception or limitation to copyright (including Fair Use) that entitles it to make the Item available.
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subjectFinance
dc.subjectInsurance company
dc.subjectShareholding changes
dc.subjectVolatility of stock prices
dc.titleRESEARCH ON THE SPILLOVER EFFECT OF SHAREHOLDING CHANGES OF INSURANCE COMPANIES ON VOLATILITY OF STOCK PRICES: A CASE STUDY OF CHINA
dc.typeText
dc.type.genreThesis/Dissertation
dc.contributor.committeememberBakshi, Xiaohui Gao
dc.contributor.committeememberViswanathan, Krupa S.
dc.description.departmentBusiness Administration/Finance
dc.relation.doihttp://dx.doi.org/10.34944/dspace/8271
dc.ada.noteFor Americans with Disabilities Act (ADA) accommodation, including help with reading this content, please contact scholarshare@temple.edu
dc.description.degreeD.S.
dc.identifier.proqst15064
dc.date.updated2023-01-06T17:25:17Z
refterms.dateFOA2023-01-12T19:12:55Z
dc.identifier.filenameChen_temple_0225E_15064.pdf


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