文献详情
An empirical study of the relationship between the stock discussion board's posting numbers and stock trading volume
文献类型会议
作者Wang, Boya[1];Chen, Wei[2];Zhu, Yan[3]
2013
机构
会议名称10th International Conference on Service Systems and Service Management (ICSSSM)
会议论文集2013 10TH INTERNATIONAL CONFERENCE ON SERVICE SYST
通讯作者Wang, BY (reprint author), Beihang Univ, Sch Econ & Management, Beijing 100191, Peoples R China.
页码范围884-888
来源信息年:2013  页码范围:884-888  
会议信息10th International Conference on Service Systems and Service Management (ICSSSM)  ISSN:
关键词stock discussion board; the number of postings; the stock trading volume
摘要The stock discussion board is becoming an important public forum because of its fast speed, wide influence, large amount of information and high group pertinence. The bloom in the stock discussion board exerts a positive influence on the stock market. This paper sets the amount of posting on stock discussion board as a proxy of information flows. And after the empirical analysis of sample data, we find that the number of postings is positively related to stock trading volume. This relation remains after the control of the fundamentals of individual stock, such as firm sizes, and the positive relation is significantly stronger among lower proportion of institutional shareholdings. The finding of positive correlation contributes to reducing the investors' liquidity risk and providing caution for the regulation of the stock discussion board.
收录情况CPCI-S(WOS:000333959300166)  
所属部门经济管理学院
学科计算机:理论方法;工程:电子与电气
会议地点Chinese Univ Hong Kong, CUHK Business Sch, Dept Syst Engn & Engn Managemen, Hong Kong, PEOPLES R CHINA
会议开始日期2013-01-01
语言外文
人气指数61
浏览次数61
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