Abstract
This paper focuses on the relation between the hedonic editing hypothesis and the stock market. Based on the data of China's stock market from 2014 to 2020 and the utilization of an exogenous shock arising from the “New Regulation of Insider Selling”, we find that investors will respond more pessimistically to the negative information that is on the same event but released multiple times. This result provides new evidence for the hedonic editing hypothesis to be tenable in the capital market.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
