金融信息对噪声交易者的影响:基于行为金融学的视角

M. Jiang
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引用次数: 0

摘要

在以散户游戏和短线经营为主的不完全股票市场中,高换手率和高市盈率都反映了过度的噪音交易。本文结合财经媒体的发展和特点,着重分析了个人投资者易受财经媒体信息影响的特点。本文从行为金融学的角度,分析了金融媒体对噪声交易的影响。利用行为金融学和心理学相关知识,可以更好地理解投资者的行为,从而了解噪音交易背后的动机。最后,为了促进股票市场的健康发展,本文提出了提高资本市场效率的建议。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
The Impact of Financial Information on Noise Traders: Based on the Perspective of Behavioral Finance
In China's incomplete stock market which mainly consists of retail games and short-term operations, both of the high stock turnover rate and P/E ratios reflect excessive noise trading. This article focuses on the characteristic that individual investors are susceptible to financial media information, combined with the development and characteristics of financial media. From the perspective of behavioral finance, this paper analyzes the impact of financial media on noise trading. Using behavioral finance and psychology-related knowledge, investor behavior can be better understood, so as the motivation behind noise trading. Finally, in order to promote the healthy development of the stock market, this paper makes recommendations to improve the efficiency of the capital market.
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