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Investor attention on internet financial markets

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Listed:
  • Chen, Rongda
  • Qian, Qian
  • Jin, Chenglu
  • Xu, Min
  • Song, Qiping

Abstract

Investor attention is more likely to affect the performance of Internet financial products, compared to its effect on other security markets. This paper finds that investor attention has significantly positive impacts on the trading volume and turnover rate of Internet financial products, but significantly negative impacts on returns. In particular, the impact of investor attention on the return of Internet financial products will gradually weaken and disappear in less than a month, which is shorter than the timeliness of investor attention on other markets. This finding is consistent with rapid update of information in the Internet environment.

Suggested Citation

  • Chen, Rongda & Qian, Qian & Jin, Chenglu & Xu, Min & Song, Qiping, 2020. "Investor attention on internet financial markets," Finance Research Letters, Elsevier, vol. 36(C).
    • Handle: RePEc:eee:finlet:v:36:y:2020:i:c:s154461231931219x
    DOI: 10.1016/j.frl.2019.101421
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    References listed on IDEAS

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    Cited by:

    1. Chen, Rongda & Wu, Ling & Jin, Chenglu & Wang, Shengnan, 2021. "Unintended investor sentiment on bank financial products: Evidence from China," Emerging Markets Review, Elsevier, vol. 49(C).
    2. Qingjie Zhou & Panpan Zhu & Yinpeng Zhang, 2023. "Contagion Spillover from Bitcoin to Carbon Futures Pricing: Perspective from Investor Attention," Energies, MDPI, vol. 16(2), pages 1-22, January.
    3. Mokni, Khaled & Bouteska, Ahmed & Nakhli, Mohamed Sahbi, 2022. "Investor sentiment and Bitcoin relationship: A quantile-based analysis," The North American Journal of Economics and Finance, Elsevier, vol. 60(C).
    4. Chen, Zhongdong & Craig, Karen Ann, 2023. "Active attention, retail investor base, and stock returns," Journal of Behavioral and Experimental Finance, Elsevier, vol. 39(C).

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