Investor Sentiment and the Impact on Four Main Cities of China's Real Estate Market
Authors
Yi-Chang Chen, Shilin Liang, Zhengdong Wu, Jiaqi Luo
Corresponding Author
Zhengdong Wu
Available Online October 2019.
- DOI
- 10.2991/icedem-19.2019.107How to use a DOI?
- Keywords
- Herd effect; Investor sentiments; CSAD; Housing index
- Abstract
In this paper, we test herd effect and the impact of investor's sentiment on four main cities of China's real estate market. We use CSAD model with sentiment indicators and explore the correlation between emotional indicators and housing index. We find that there is a significant herding effect in the real estate market, including Beijing, Shanghai, Guangzhou, and Shenzhen. The eight sentiment variables had varying degrees of influence on all four cities. Overall, investor sentiment is relatively stable affected by the macroeconomic regulation and control.
- Copyright
- © 2019, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Yi-Chang Chen AU - Shilin Liang AU - Zhengdong Wu AU - Jiaqi Luo PY - 2019/10 DA - 2019/10 TI - Investor Sentiment and the Impact on Four Main Cities of China's Real Estate Market BT - Proceedings of the 2019 3rd International Conference on Economic Development and Education Management (ICEDEM 2019) PB - Atlantis Press SP - 451 EP - 454 SN - 2352-5398 UR - https://doi.org/10.2991/icedem-19.2019.107 DO - 10.2991/icedem-19.2019.107 ID - Chen2019/10 ER -