KMS Of Academy of mathematics and systems sciences, CAS
acausalityanalysisofsocietalriskperceptionandstockmarketvolatilityinchina | |
Xu Nuo; Tang Xijin | |
2018 | |
发表期刊 | journalofsystemsscienceandsystemsengineering |
ISSN | 1004-3756 |
卷号 | 27期号:5页码:613 |
摘要 | Modern China is undergoing a variety of social conflicts as the arrival of new era with the transformation of the principal contradiction. Then monitoring the society stable is a huge workload. Online societal risk perception is acquired by mapping on-line public concerns respectively into societal risk events including national security, economy & finance, public morals, daily life, social stability, government management, and resources & environment, and then provides one kind of measurement toward the society state. Obviously, stable and harmonious social situations are the basic guarantee for the healthy development of the stock market. Thus we concern whether the variations of the societal risk are related to stock market volatility. We study their relationships by two steps, first the relationships between search trends and societal risk perception; next the relationships between societal risk perception and stock volatility. The weekend and holiday effects in China stock market are taken into consideration. Three different econometric methods are explored to observe the impacts of variations of societal risk on Shanghai Composite Index and Shenzhen Composite Index. 3 major findings are addressed. Firstly, there exist causal relations between Baidu Index and societal risk perception. Secondly, the perception of finance & economy, social stability, and government management has distinguishing effects on the volatility of both Shanghai Composite Index and Shenzhen Composite Index. Thirdly, the weekend and holiday effects of societal risk perception on the stock market are verified. The research demonstrates that capturing societal risk based on on-line public concerns is feasible and meaningful. |
语种 | 英语 |
资助项目 | [National Key Research and Development Program of China] ; [National Natural Science Foundation of China] |
文献类型 | 期刊论文 |
条目标识符 | http://ir.amss.ac.cn/handle/2S8OKBNM/42881 |
专题 | 系统科学研究所 |
作者单位 | 中国科学院数学与系统科学研究院 |
推荐引用方式 GB/T 7714 | Xu Nuo,Tang Xijin. acausalityanalysisofsocietalriskperceptionandstockmarketvolatilityinchina[J]. journalofsystemsscienceandsystemsengineering,2018,27(5):613. |
APA | Xu Nuo,&Tang Xijin.(2018).acausalityanalysisofsocietalriskperceptionandstockmarketvolatilityinchina.journalofsystemsscienceandsystemsengineering,27(5),613. |
MLA | Xu Nuo,et al."acausalityanalysisofsocietalriskperceptionandstockmarketvolatilityinchina".journalofsystemsscienceandsystemsengineering 27.5(2018):613. |
条目包含的文件 | 条目无相关文件。 |
个性服务 |
推荐该条目 |
保存到收藏夹 |
查看访问统计 |
导出为Endnote文件 |
谷歌学术 |
谷歌学术中相似的文章 |
[Xu Nuo]的文章 |
[Tang Xijin]的文章 |
百度学术 |
百度学术中相似的文章 |
[Xu Nuo]的文章 |
[Tang Xijin]的文章 |
必应学术 |
必应学术中相似的文章 |
[Xu Nuo]的文章 |
[Tang Xijin]的文章 |
相关权益政策 |
暂无数据 |
收藏/分享 |
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。
修改评论