Chinese Investor Sentiment and Stock Returns

摘要：

　　To verify the relationship between Chinese investor sentiment and Chinese stock returns,this paper collets data from 2003 to 2015,using principal component analysis method to construct the monthly investor sentiment index,then using Granger test to examine whether Chinese investor sentiment and stock returns can influence each other.Finally,using the empirical analysis to get a conclusion that there is positive relation between investor sentiment and stock market returns.

关键词： Behavioral economics Investor sentiment OLS Stock returns

作者: Xie Mengni

作者单位: School of Management,Wuhan University of Technology,Wuhan,P.R.China,430070

会议类型: 国际会议

会议名称: 2016 International Conference on Economics and Management Innovations(2016经济与管理创新国际会议)

会议地点: 武汉

会议语种:英文

页码: 162-165

在线出版日期: 2016-07-09（万方平台首次上网日期，不代表论文的发表时间）