Does a stock's name affect its return? Evidence from the Chinese stock market during the China–US trade conflict

Yaming Ma, Qiqi Duan and Hanhong Wu

Finance Research Letters, 2021, vol. 40, issue C

Abstract: This paper investigates the effect of the word technology or electron in Chinese in stocks’ names on their cumulative abnormal returns (CARs) during the China–US trade conflict. Using a sample of Chinese A-share listed companies, the results show that the CARs of technology-name stocks are lower than those of non–technology-name stocks. The results are robust to an alternative regression method and alternative conflict dates and measures of variables. We further find that media coverage of the conflict strengthens the technology-name effect on the CARs. The findings extend the literature on the role of stock names in stock returns.

Keywords: Stock name; stock return; China–US trade conflict (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:40:y:2021:i:c:s1544612320305407

DOI: 10.1016/j.frl.2020.101733

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