Investor Sentiment and the Impact on Four Main Cities of China's Real Estate Market

DOI

10.2991/icedem-19.2019.107How to use a DOI?

Keywords

Herd effect; Investor sentiments; CSAD; Housing index

Abstract

In this paper, we test herd effect and the impact of investor's sentiment on four main cities of China's real estate market. We use CSAD model with sentiment indicators and explore the correlation between emotional indicators and housing index. We find that there is a significant herding effect in the real estate market, including Beijing, Shanghai, Guangzhou, and Shenzhen. The eight sentiment variables had varying degrees of influence on all four cities. Overall, investor sentiment is relatively stable affected by the macroeconomic regulation and control.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yi-Chang Chen
AU  - Shilin Liang
AU  - Zhengdong Wu
AU  - Jiaqi Luo
PY  - 2019/10
DA  - 2019/10
TI  - Investor Sentiment and the Impact on Four Main Cities of China's Real Estate Market
BT  - Proceedings of the 2019 3rd International Conference on Economic Development and Education Management (ICEDEM 2019)
PB  - Atlantis Press
SP  - 451
EP  - 454
SN  - 2352-5398
UR  - https://doi.org/10.2991/icedem-19.2019.107
DO  - 10.2991/icedem-19.2019.107
ID  - Chen2019/10
ER  -