Ontology highlight
ABSTRACT:
SUBMITTER: Chen Y
PROVIDER: S-EPMC7717912 | biostudies-literature | 2020
REPOSITORIES: biostudies-literature
Chen Yanhui Y Zhao Hanhui H Li Ziyu Z Lu Jinrong J
PloS one 20201204 12
Investor sentiment is a research focus in behavior finance. This paper chooses five proxy variables according to China's reality and uses a two-step principal component analysis to construct an investor sentiment index. The five proxy variables are the number of new stock accounts, turnover ratio, margin balance, net active purchasing amount, and investor attention. In the final part of this study, using the price data from the Shanghai and Shenzhen Security Exchange, this paper investigates the ...[more]