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

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Decision Economics. Designs, Models, and Techniques for Boundedly Rational Decisions (DCAI 2018)

Part of the book series: Advances in Intelligent Systems and Computing ((AISC,volume 805))

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Abstract

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.

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Author information

Authors and Affiliations

  1. Nanfang College of Sun Yat-sen University, Guangzhou, China

    Hung-Wen Lin & Kun-Ben Lin

  2. Sun Yat-sen University, Guangzhou, China

    Jing-Bo Huang

  3. National Chengchi University, Taipei, Taiwan

    Shu-Heng Chen

Authors
  1. Hung-Wen Lin
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  2. Jing-Bo Huang
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  3. Kun-Ben Lin
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  4. Shu-Heng Chen
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Corresponding author

Correspondence to Shu-Heng Chen .

Editor information

Editors and Affiliations

  1. Department of Philosophical, Pedagogical and Economic-Quantitative Sciences, Section of Economics and Quantitative Methods, University of Chieti-Pescara, Pescara, Italy

    Edgardo Bucciarelli

  2. AI-ECON Research Center - Department of Economics, National Chengchi University, Taipei, Taiwan

    Shu-Heng Chen

  3. Departamento de Informática y Automática, Universidad de Salamanca, Salamanca, Spain

    Juan Manuel Corchado

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Lin, HW., Huang, JB., Lin, KB., Chen, SH. (2019). Do Information Quantity and Transmission Make a Difference to the Stable Contrarian?. In: Bucciarelli, E., Chen, SH., Corchado, J. (eds) Decision Economics. Designs, Models, and Techniques for Boundedly Rational Decisions. DCAI 2018. Advances in Intelligent Systems and Computing, vol 805. Springer, Cham. https://doi.org/10.1007/978-3-319-99698-1_2

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