Economics

Internet postings and investor herd behavior: evidence from China's open-end fund market

S. Zhou and X. Liu

Discover the intriguing relationship between internet postings and herd behavior in China's open-end fund market, as explored by Shifen Zhou and Xiaojun Liu. This research unveils how online discussions can sway collective investor actions, revealing a fascinating dynamic that shapes market behavior.

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Playback language: English

Index

Abstract

This paper examines the dynamic dependence between internet postings and herd behavior in China's open-end fund market using DCC-GARCH and TVP-SV-VAR models. Results indicate a time-varying and asymmetric relationship, with internet postings negatively affecting herd behavior, particularly in the short term. Herd behavior, conversely, increases postings, thereby weakening the herding effect. Increases in postings have a more pronounced effect on herd behavior than decreases.

Publisher

Humanities & Social Sciences Communications

Published On

Dec 09, 2022

Authors

Shifen Zhou, Xiaojun Liu

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