投资者日度情绪、订单流不均衡与股票流动性

doi:10.16381/j.cnki.issn1003-207x.2020.1754

Abstract

Abstract: With the development of Web2.0, social media has gradually evolved into an online expression carrier. Different subjects, for their interests, using this channel to create and share content. Individual investors are more willing to express their true feelings through online platforms. This information has significant explanatory power to the stock market, but will not be reflected in the market data. In the process of continuous aggregation and fermentation, it intensifies the sentimental tendency of investors, fundamentally changes the information structure of the stock market.

Key words: investor sentiment; stock liquidity; unbalanced order flow; intermediary effect

CLC Number:

F830.91

YIN Hai-yuan, WU Xing-ying. Investor Sentiment, Order Flow Imbalance and Stock Liquidity[J]. Chinese Journal of Management Science, 2023, 31(5): 60-70.

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Investor Sentiment, Order Flow Imbalance and Stock Liquidity

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