Public Attention Helps Stocks Survive During Circuit-Breaker Period in China

DOI

10.2991/isss-17.2017.8How to use a DOI?

Keywords

public attention, circuit-breaker period, excess return

Abstract

The relationship between public attention and stock has been researching for years in the field of behavioral finance. This paper studied the effect of public attention on excess return under extreme market condition of the 4-day circuit-breaker period of China in 2016. After constructing the sample from Wind dataset, we found that there exists a significant positive relationship between excess return of a stock and incremental proportion of discussion on a particular stock. We conjecture that this effect on stock returns is due to the change in public attention. This characteristic is helpful when investors want to hedge or generate excess return under extreme market condition

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/).

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TY  - CONF
AU  - Sili Wei
PY  - 2017/05
DA  - 2017/05
TI  - Public Attention Helps Stocks Survive During Circuit-Breaker Period in China
BT  - Proceedings of 3rd International Symposium on Social Science (ISSS 2017)
PB  - Atlantis Press
SP  - 36
EP  - 40
SN  - 2352-5398
UR  - https://doi.org/10.2991/isss-17.2017.8
DO  - 10.2991/isss-17.2017.8
ID  - Wei2017/05
ER  -