Limited attention of individual investors and stock performance: Evidence from the ChiNext market

Bing Zhang and Yudong Wang

Economic Modelling, 2015, vol. 50, issue C, 94-104

Abstract: We explore the relationship between the individual investor's attention and stock performance based on the ChiNext stock market. Our findings indicate that individual investor's attention can affect the performance of the stock market. Limited attention of investors exerts a positive price pressure, and the reversal of this price pressure will occur in the short term. We also verify that investor attention on non-trading days has a significant impact on the price gap for the next week's opening price.

Keywords: Limited attention; Baidu index; Stock performance; Individual investor (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (38)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:50:y:2015:i:c:p:94-104

DOI: 10.1016/j.econmod.2015.06.009

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