Price limit change and magnet effect: The role of investor attention

Xiaotao Zhang, Xinxian Li, Jing Hao and Peigong Li

Finance Research Letters, 2023, vol. 53, issue C

Abstract: We explore the effect of the price limit change from 10% to 20% on the magnet effect in the ChiNext board in the Chinese stock market. The results show that the greater daily price limit range increase the magnet effect, while investor attention has a significant positive impact on the magnet effect after the price limit change.

Keywords: Magnet effect; Price limit change; Investor attention; Chinese stock market (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:53:y:2023:i:c:s154461232200753x

DOI: 10.1016/j.frl.2022.103577

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