Does investor sentiment influence gambling behavior? Evidence from the Chinese stock market.

Xin Liao, Huimin Tong, Xinyi Cheng

Article ID: 7307
Vol 7, Issue 6, 2024

VIEWS - 42 (Abstract) 29 (PDF)

Abstract


This study examines the influence of investor sentiment on stock market gambling behavior using Chinese stock market data from January 2019 to December 2021. The research reveals a positive impact of investor sentiment on gambling behavior, particularly amplified after the onset of the COVID-19 pandemic. Non-cyclical stocks demonstrate a heightened susceptibility to investor sentiment compared to
cyclical stocks. Additionally, the study identifies gambling behavior as a positive mediating variable in the relationship between investor sentiment and stock returns.

Keywords


Investor sentiment, Gambling behavior, Social media, stock return

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DOI: https://doi.org/10.18686/ijmss.v7i6.7307

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