The best way to conference proceedings by Francis Academic Press

Web of Proceedings - Francis Academic Press
Web of Proceedings - Francis Academic Press

The Difference of Chinese Listed Companies' Risk Defense Ability under Systemic Risk

Download as PDF

DOI: 10.25236/ssehr.2018.161

Author(s)

Yansong Cai, Li Ma

Corresponding Author

Yansong Cai

Abstract

The systemic risk of the capital market, also known as non-dispersible risk, is difficult for investors to deal with and cannot be dispersed. But facing the systemic risk, the risk resisting ability of each listed company is not the same. From the prospective of individual listed company, what factors affect the systemic risk reaction and what extent does they affect the company? From the beginning of 2015 to early 2016, the overall stock price volatility occurred several times in the Chinese stock market, which is a typical capital market systemic risk performance. Based on the study of the events during this period, it is found that the risk resistance of the listed companies is different under the stock market systemic risk, and the listed companies with different systemic risk resistance have shown significant differences in many financial factors. The extent of these financial factors' impact on the systemic risk resistance is also different. These findings provide a reference for investors to evaluate the investment risk level of listed companies.

Keywords

Systemic Risk Defence Ability, Chinese Listed Company, Difference Analysis