Proceedings of 3rd International Symposium on Social Science (ISSS 2017)

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

Authors
Sili Wei
Corresponding Author
Sili Wei
Available Online May 2017.
DOI
https://doi.org/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
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Proceedings
3rd International Symposium on Social Science (ISSS 2017)
Part of series
Advances in Social Science, Education and Humanities Research
Publication Date
May 2017
ISBN
978-94-6252-341-8
ISSN
2352-5398
DOI
https://doi.org/10.2991/isss-17.2017.8How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Sili Wei
PY  - 2017/05
DA  - 2017/05
TI  - Public Attention Helps Stocks Survive During Circuit-Breaker Period in China
BT  - 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  - https://doi.org/10.2991/isss-17.2017.8
ID  - Wei2017/05
ER  -