Chinese Investor Sentiment and Stock Returns

被引：0

作者：

Xie Mengni ^{[1
]}

机构：

[1] Wuhan Univ Technol, Sch Management, Wuhan 430070, Peoples R China

来源：

PROCEEDINGS OF THE 2016 INTERNATIONAL CONFERENCE ON ECONOMICS AND MANAGEMENT INNOVATIONS | 2016年 / 57卷

关键词：

Behavioral economics; Investor sentiment; OLS; Stock returns; PREDICTABILITY;

D O I：

暂无

中图分类号：

C93 [管理学]; O22 [运筹学];

学科分类号：

070105 ; 12 ; 1201 ; 1202 ; 120202 ;

摘要：

To verify the relationship between Chinese investor sentiment and Chinese stock returns, this paper collets data from 2003 to 2015, using principal component analysis method to construct the monthly investor sentiment index, then using Granger test to examine whether Chinese investor sentiment and stock returns can influence each other. Finally, using the empirical analysis to get a conclusion that there is positive relation between investor sentiment and stock market returns.

引用

页码：162 / 165

页数：4

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