Empirical Study on Returns, Volatility and Investor Sentiment of the Growth Enterprise Market in China

DOI

10.2991/icemaess-15.2016.264How to use a DOI?

Keywords

Investor Sentiment, GEM, Market Fluctuations.

Abstract

Since the establishment of the Growth Enterprise Market (GEM), the non-rationality of stock value appraisal system is prominent, while the swings in sentiment of investors in GEM significantly affect the transactions of assets and price determination. The result shows that there is no long-term correlation between the sentiment of investors in GEM and stock returns. Past market returns would observably affect investor sentiment in the short term, but investor sentiment would not affect short-term stock returns; investor sentiment would affect the level of market fluctuations, but market fluctuations would not observably affect investor sentiment.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - WeiLi Xia
AU  - LinLin Guo
PY  - 2015/12
DA  - 2015/12
TI  - Empirical Study on Returns, Volatility and Investor Sentiment of the Growth Enterprise Market in China
BT  - Proceedings of the 2015 3rd International Conference on Education, Management, Arts, Economics and Social Science
PB  - Atlantis Press
SP  - 1290
EP  - 1292
SN  - 2352-5398
UR  - https://doi.org/10.2991/icemaess-15.2016.264
DO  - 10.2991/icemaess-15.2016.264
ID  - Xia2015/12
ER  -