The Construction of Investor Sentiment Index Based on Big Data and Its Impact on Enterprise Investment and Financing

DOI

10.2991/978-94-6463-034-3_133How to use a DOI?

Keywords

Investor sentiment; Equity financing; Business investment

Abstract

Using the sample data of Chinese listed companies from 2002 to 2014, this paper examines the relationship between investor sentiment and corporate investment and financing. The results show that in the short term, investor sentiment stimulates investment and improves business performance. In the long run, the effect is still persistent. Strengthening the management and control of investor sentiment is helpful to reduce the financing cost of enterprises and improve the long-term business performance of enterprises.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

TY  - CONF
AU  - Yang Xin
AU  - Yinning He
PY  - 2022
DA  - 2022/12/23
TI  - The Construction of Investor Sentiment Index Based on Big Data and Its Impact on Enterprise Investment and Financing
BT  - Proceedings of the 2022 3rd International Conference on Big Data and Informatization Education (ICBDIE 2022)
PB  - Atlantis Press
SP  - 1294
EP  - 1302
SN  - 2589-4900
UR  - https://doi.org/10.2991/978-94-6463-034-3_133
DO  - 10.2991/978-94-6463-034-3_133
ID  - Xin2022
ER  -