Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 7th International Conference on Economic Management and Green Development
Series Vol. 28 , 10 November 2023
Open
Access | Article
Studying the Impact of Media Coverage on the Stock Market Using Mediating Effects
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Abstract
As a publisher of information on capital market transactions, media coverage has become a hot topic of research for modern scholars. In this paper, stocks with trading data within 2013.1.1-2020.1.1 on the SSE and SZSE are used as research samples, and the number of media reports, investor sentiment, and stock returns are used as core variables, to investigate the transmission relationship between these three things by using a mediating effect model. The relationship between the three variables is reported systematically and directly. This study concludes that investor sentiment plays a partially mediating role in the impact of media attention on the stock market. Investor sentiment as a medium of media information translates perceptions into behavior and thus influences investors' investment decisions. The news gives investors some informational advantage reduced the level of information asymmetry and has the most pronounced impact on investors, media involvement diminishes the role of investor sentiment on stock investments.
Keywords
media attention, investor sentiment, stock reporting rate, information asymmetry
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Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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- Volume Title
- Proceedings of the 7th International Conference on Economic Management and Green Development
- ISBN (Print)
- 978-1-83558-077-6
- ISBN (Online)
- 978-1-83558-078-3
- Published Date
- 10 November 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/28/20231308
- Copyright
- 10 November 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited