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


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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References


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

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