An empirical study of the self-fulfilling prophecy effect in Chinese stock market
We analyzed data collected from retail investors in the Chinese stock market from a Fintech mobile platform to find evidence of the self-fulfilling prophecy effect. We found a statistically significant correlation between the predicted and actual Shanghai Stock Exchange Composite Index (SSECI) as we...
Main Authors: | , |
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Format: | Article |
Language: | English |
Published: |
KeAi Communications Co.
2019
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Subjects: | |
Online Access: | View Fulltext in Publisher |
Summary: | We analyzed data collected from retail investors in the Chinese stock market from a Fintech mobile platform to find evidence of the self-fulfilling prophecy effect. We found a statistically significant correlation between the predicted and actual Shanghai Stock Exchange Composite Index (SSECI) as well as non-random deviation patterns. We also analyzed participating investor behaviors and discussed the implications and future research. © 2019 China Science Publishing & Media Ltd. |
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ISBN: | 24059188 (ISSN) |
DOI: | 10.1016/j.jfds.2019.04.001 |