The Impact of Personal and Institutional Investor Sentiment on Stock Returns under the Chinese Stock Market Crash

摘要：

　　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.

关键词： stock market crash individual investor sentiment institutional investor sentiment multi-factors pricing model

作者: Kexuan Wang

作者单位: Shanghai University,China

会议类型: 国际会议

会议名称: ICEFS2017(International Conference on Economics, Finance and Statistics 2017) (2017经济、金融与统计国际会议)

会议地点: 香港

会议语种:英文

页码: 162-167

在线出版日期: 2017-01-14（万方平台首次上网日期，不代表论文的发表时间）