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Title: | Do Information Quantity and Transmission Make a Difference to the Stable Contrarian? |
Authors: | 陳樹衡 Lin, Hung-Wen;Huang, Jing-Bo;Lin, Kun-Ben;Chen, Shu-Heng Chen, Shu-Heng |
Contributors: | 經濟系 |
Keywords: | Transparency ; Media coverage ; Momentum |
Date: | 2018-11 |
Issue Date: | 2019-01-19 16:05:57 (UTC+8) |
Abstract: | We study how financial transparency and media coverage work in the Chinese stock markets. In this paper, transparency means information quantity, while media means information transmission. The market has negative momentum profits no matter how transparency or media coverage changes, which suggests that transparency or media coverage does not work individually in China. High transparency and high media coverage make significantly positive momentum profits, whereas low transparency and low media coverage make significantly negative momentum profits. These outcomes show that transparency and media coverage work jointly in China. Our findings imply that information quantity and transmission are both crucial in China. |
Relation: | Decision Economics. Designs, Models, and Techniques for Boundedly Rational Decisions, Springer International Publishing, pp.9-17 Chapter 2 |
Data Type: | book/chapter |
DOI: | http://dx.doi.org/10.1007/978-3-319-99698-1 |
DCField |
Value |
Language |
dc.contributor (Contributor) | 經濟系 | zh_TW |
dc.creator (Authors) | 陳樹衡 | |
dc.creator (Authors) | Lin, Hung-Wen;Huang, Jing-Bo;Lin, Kun-Ben;Chen, Shu-Heng | |
dc.creator (Authors) | Chen, Shu-Heng | |
dc.date (Date) | 2018-11 | |
dc.date.accessioned | 2019-01-19 16:05:57 (UTC+8) | - |
dc.date.available | 2019-01-19 16:05:57 (UTC+8) | - |
dc.date.issued (Issue Date) | 2019-01-19 16:05:57 (UTC+8) | - |
dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/122012 | - |
dc.description.abstract (Abstract) | We study how financial transparency and media coverage work in the Chinese stock markets. In this paper, transparency means information quantity, while media means information transmission. The market has negative momentum profits no matter how transparency or media coverage changes, which suggests that transparency or media coverage does not work individually in China. High transparency and high media coverage make significantly positive momentum profits, whereas low transparency and low media coverage make significantly negative momentum profits. These outcomes show that transparency and media coverage work jointly in China. Our findings imply that information quantity and transmission are both crucial in China. | en_US |
dc.format.extent | 1240918 bytes | - |
dc.format.mimetype | application/pdf | - |
dc.relation (Relation) | Decision Economics. Designs, Models, and Techniques for Boundedly Rational Decisions, Springer International Publishing, pp.9-17 Chapter 2 | |
dc.subject (Keywords) | Transparency ; Media coverage ; Momentum | en_US |
dc.title (Title) | Do Information Quantity and Transmission Make a Difference to the Stable Contrarian? | en_US |
dc.type (Data Type) | book/chapter | |
dc.identifier.doi (DOI) | 10.1007/978-3-319-99698-1 | |
dc.doi.uri | http://dx.doi.org/10.1007/978-3-319-99698-1 | |