Do Information Quantity and Transmission Make a Difference to the Stable Contrarian?

  • Hung-Wen Lin
  • Jing-Bo Huang
  • Kun-Ben Lin
  • Shu-Heng ChenEmail author
Conference paper
Part of the Advances in Intelligent Systems and Computing book series (AISC, volume 805)


We study how financial transparency and media coverage work in the Chinese stock markets. In this paper, transparency means information quantity, while media means information transmission. The market has negative momentum profits no matter how transparency or media coverage changes, which suggests that transparency or media coverage does not work individually in China. High transparency and high media coverage make significantly positive momentum profits, whereas low transparency and low media coverage make significantly negative momentum profits. These outcomes show that transparency and media coverage work jointly in China. Our findings imply that information quantity and transmission are both crucial in China.


Transparency Media coverage Momentum 


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Copyright information

© Springer Nature Switzerland AG 2019

Authors and Affiliations

  • Hung-Wen Lin
    • 1
  • Jing-Bo Huang
    • 2
  • Kun-Ben Lin
    • 1
  • Shu-Heng Chen
    • 3
    Email author
  1. 1.Nanfang College of Sun Yat-sen UniversityGuangzhouChina
  2. 2.Sun Yat-sen UniversityGuangzhouChina
  3. 3.National Chengchi UniversityTaipeiTaiwan

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