熊熊*, 倪浩
( 天津大学管理与经济学部; )
摘要: 通过对不同的新闻进行分类,并研究其对于投资者行为的影响,发现涉及到公司日常经营的"营运类"新闻和涉及到公司基本运作的"资本类"新闻均会对投资者行为产生显著的影响。其中"营运类"新闻影响为即时性的,而"资本类"新闻的影响具有延时的特点,并且其影响力度高于"营运类"新闻。除此之外还观察到"营运类"新闻存在消息泄露的情况发生。
关键词: 互联网;新闻信息;投资者行为;交易量
Xiong Xiong*, Ni Hao
( College of Management and Economics, Tianjin University, Tianjin 300072; )
Abstract: In this paper, through studing the influence of different news to the investors, it is found that the "operational" news and "capital" news both have significant impact on investors. It is also found that the influence of "operational" news is temporary while the influence of "capital" news is sustained, and the influence of "capital" news is higher than "operational" news. Besides, a message leakage occurs in "operational" news.
Keywords: Internet; News; The behavior of investors; Trading volume
作者简介: 熊熊(1972-),男,教授,博士,主要研究方向:金融工程、金融风险管理、计算实验金融等。
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