Abstract
The paper collects the daily data from January 20th, 2020 to September 30th, 2020 and refers to the BW index model of Baker and Wurgler (2006) to construct the investor sentiment index of Shanghai stock market at the initial stage of COVID-19. Differ from the previous research, after excluding the influence of macroeconomics, the paper found that the investor sentiment shows a significantly negative relation with the SSE A-share Index.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: 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.