The Impact of Personal and Institutional Investor Sentiment on Stock Returns under the Chinese Stock Market Crash
Authors
Kexuan Wang
Corresponding Author
Kexuan Wang
Available Online January 2017.
- DOI
- 10.2991/icefs-17.2017.13How to use a DOI?
- Keywords
- stock market crash, individual investor sentiment, institutional investor sentiment, multi-factors pricing model
- Abstract
Under Chinese stock market crash, personal and institutional investor sentiment is out of control, which leads to the stock prices fall further. Therefore this article uses the concept of behavioural finance to study the problem. This essay uses multiple regressions to study the influence of the current and lagged emotions of individuals and institutions on the stock returns. The conclusion is helpful to solve the stock market crash and improve the economy in China.
- Copyright
- © 2017, 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/).
Cite this article
TY - CONF AU - Kexuan Wang PY - 2017/01 DA - 2017/01 TI - The Impact of Personal and Institutional Investor Sentiment on Stock Returns under the Chinese Stock Market Crash BT - Proceedings of the 2017 International Conference on Economics, Finance and Statistics (ICEFS 2017) PB - Atlantis Press SP - 162 EP - 167 SN - 2352-5428 UR - https://doi.org/10.2991/icefs-17.2017.13 DO - 10.2991/icefs-17.2017.13 ID - Wang2017/01 ER -