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Dynamic Transmission of Correlation between Investor Attention and Stock Price: Evidence from China’s Energy Industry Typical Stocks
المؤلفون المشاركون
Qi, Yajie
Li, Huajiao
Guo, Sui
Feng, Sida
المصدر
العدد
المجلد 2019، العدد 2019 (31 ديسمبر/كانون الأول 2019)، ص ص. 1-15، 15ص.
الناشر
Hindawi Publishing Corporation
تاريخ النشر
2019-12-03
دولة النشر
مصر
عدد الصفحات
15
التخصصات الرئيسية
الملخص EN
The relationship between investor attention and stock prices has been a topic of interest in economics.
Previous studies have shown that the correlation relationship between the two changes with time.
However, there are few studies to explore the time-varying evolution of the relationship, as well as the transmission characteristics under important cycles.
Thus, this paper is dedicated to discover the dynamic transmission characteristics of the correlation between investor attention and stock price.
We selected the typical stocks of China’s energy industry, PetroChina and Sinopec, as the research objects, as they occupy a large market share and are representative.
And the transaction data and attention data are used to build investor attention indicator.
In order to reproduce the dynamic transmission process of correlation at different cycles, sliding time window and complex network are applied.
The results show that PetroChina and Sinopec stocks have a weakly negative correlation between investor attention and stock price from 2017 to 2018.
However, from the perspective of different cycles, the correlation has time-varying characteristics.
As the cycle grows, the types of transmission patterns of the five consecutive days of correlation between the two become less, but the transmission intensity between the modes increases and the transition becomes more regular and inclined.
In addition, by mining the important transmission modes and main transmission paths under important periods, we find that the series modes of uncorrelated or weakly positive correlation for five consecutive days dominate the transition of modes in the networks.
Also, the closed loop formed by these two important modes and related modes is the main transmission path.
These findings can reveal the rules of the typical stock market in China’s energy industry and help investors with different investment cycle preferences make sound decisions.
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Qi, Yajie& Li, Huajiao& Guo, Sui& Feng, Sida. 2019. Dynamic Transmission of Correlation between Investor Attention and Stock Price: Evidence from China’s Energy Industry Typical Stocks. Complexity،Vol. 2019, no. 2019, pp.1-15.
https://search.emarefa.net/detail/BIM-1131447
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Qi, Yajie…[et al.]. Dynamic Transmission of Correlation between Investor Attention and Stock Price: Evidence from China’s Energy Industry Typical Stocks. Complexity No. 2019 (2019), pp.1-15.
https://search.emarefa.net/detail/BIM-1131447
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Qi, Yajie& Li, Huajiao& Guo, Sui& Feng, Sida. Dynamic Transmission of Correlation between Investor Attention and Stock Price: Evidence from China’s Energy Industry Typical Stocks. Complexity. 2019. Vol. 2019, no. 2019, pp.1-15.
https://search.emarefa.net/detail/BIM-1131447
نوع البيانات
مقالات
لغة النص
الإنجليزية
الملاحظات
Includes bibliographical references
رقم السجل
BIM-1131447
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
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تقوم هذه الخدمة بالتحقق من التشابه أو الانتحال في الأبحاث والمقالات العلمية والأطروحات الجامعية والكتب والأبحاث باللغة العربية، وتحديد درجة التشابه أو أصالة الأعمال البحثية وحماية ملكيتها الفكرية. تعرف اكثر
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