報告題目：Financial Attention and the Disposition Effect: An Analysis of Attention-grabbing stocks in the Chinese Stock Market

報告時間：11月19日10：00

報告地點：旭日樓306

報告人： 秦 蓓

報告人簡介：

秦蓓，香港浸會大學商學院會計，經濟及金融系副教授，專注于研究媒體經濟學，發展經濟學，金融經濟學，數字經濟和大數據分析。 曾在《Econometrica》，《American Economic Review》等期刊發表論文。

報告簡介：

Using daily transaction data from over 1.6 million individual Chinese investors between 2005 and 2014, this paper empirically demonstrates a positive relationship between attention and the disposition effect. That is, attention-grabbing stocks (those in the vingtile with the highest returns, highest abnormal trading volumes, or highest abnormal mentions in microblog posts) at the time of purchase tend to have a higher disposition effect than normal stocks.