| 中国股票市场行为与投资者情绪 |
| |
| 引用本文： | 李心丹,张兵.中国股票市场行为与投资者情绪[J].Frontiers of Business Research in China,2008,2(2):277-282. |
| |
| 作者姓名： | 李心丹 张兵 |
| |
| 作者单位： | School of Management and Engineering,Nanjing University,Nanjing 210093,China |
| |
| 摘 要： |
|
| 关 键 词： | 投资者情绪 波动 新开帐户数 |
| 收稿时间： | 2 December 2008 |
Stock market behavior and investor sentiment: Evidence from China |
| |
| Xindan Li,Bing Zhang.Stock market behavior and investor sentiment: Evidence from China[J].Frontiers of Business Research in China,2008,2(2):277-282. |
| |
| Authors: | Xindan Li Bing Zhang |
| |
| Institution: | (1) School of Management and Engineering, Nanjing University, Nanjing, 210093, China |
| |
| Abstract: | The relationship among stock returns, market volatilities and individual investor sentiment is an important topic in behavioral
economics and finance. This paper uses a unique data set—China’s newly opened stock trading accounts to test the relationships
among stock returns, volatilities and individual investor sentiment in the Chinese stock market. It is found that there is
a positive relationship between shifts in sentiment and stock returns, and that shifts in sentiment are negatively correlated
with market volatility, that is to say, volatility increases (decreases) when investors become more bearish (bullish).
|
| |
| Keywords: | investor sentiment volatility newly opened stock trading accounts |
| 本文献已被 万方数据 SpringerLink 等数据库收录！ |
|
