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題名 Do Information Quantity and Transmission Make a Difference to the Stable Contrarian?
作者 陳樹衡
Lin, Hung-Wen;Huang, Jing-Bo;Lin, Kun-Ben;Chen, Shu-Heng
Chen, Shu-Heng
貢獻者 經濟系
關鍵詞 Transparency ; Media coverage ; Momentum
日期 2018-11
上傳時間 19-Jan-2019 16:05:57 (UTC+8)
摘要 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.
關聯 Decision Economics. Designs, Models, and Techniques for Boundedly Rational Decisions, Springer International Publishing, pp.9-17 Chapter 2
資料類型 book/chapter
DOI http://dx.doi.org/10.1007/978-3-319-99698-1
dc.contributor 經濟系zh_TW
dc.creator (作者) 陳樹衡
dc.creator (作者) Lin, Hung-Wen;Huang, Jing-Bo;Lin, Kun-Ben;Chen, Shu-Heng
dc.creator (作者) Chen, Shu-Heng
dc.date (日期) 2018-11
dc.date.accessioned 19-Jan-2019 16:05:57 (UTC+8)-
dc.date.available 19-Jan-2019 16:05:57 (UTC+8)-
dc.date.issued (上傳時間) 19-Jan-2019 16:05:57 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/122012-
dc.description.abstract (摘要) 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 (關聯) Decision Economics. Designs, Models, and Techniques for Boundedly Rational Decisions, Springer International Publishing, pp.9-17 Chapter 2
dc.subject (關鍵詞) Transparency ; Media coverage ; Momentumen_US
dc.title (題名) Do Information Quantity and Transmission Make a Difference to the Stable Contrarian?en_US
dc.type (資料類型) book/chapter
dc.identifier.doi (DOI) 10.1007/978-3-319-99698-1
dc.doi.uri (DOI) http://dx.doi.org/10.1007/978-3-319-99698-1