A Study of the Effect between Investor Sentiment and Margin Trading Behavior

Bo ZHANG, Yan-Ping LI

Abstract


This paper selects from April 16, 2015 to August 31, 2015 as the research range, through the establishment of the VAR model and Granger causality test to study the relationship between investor sentiment, and investors' expectations and the financing behaviour of investors, trading behaviour. Test results show that investor sentiment indeed directly or through influencing investors’ expectation to impact on investors' financing behaviour and trading behaviour.

Keywords


Behavioral finance, Investor sentiment, Investors expect, Investor behavior.


DOI
10.12783/dtssehs/icss2016/8973

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