DOES ONLINE MEDIA ATTENTION IMPROVE CHINA'S GREEN FUND PERFORMANCE?

被引：0

作者：

Xiao, Yaping ^{[1
]}

Qiao, Haishu ^{[2
]}

Xie, Ting ^{[2
]}

机构：

[1] Cent South Univ Forestry & Technol, Sch Econ, Changsha 410004, Peoples R China

[2] Hunan Univ, Sch Finance & Stat, Changsha 410006, Peoples R China

来源：

JOURNAL OF BUSINESS ECONOMICS AND MANAGEMENT | 2024年 / 25卷 / 03期

关键词：

green funds; long-term performance; short-term performance; media attention; individual investors; Chinese financial market; INVESTOR PSYCHOLOGY; MUTUAL FUNDS; STOCK; MARKET; COVERAGE; SEARCH; MODEL;

D O I：

10.3846/jbem.2024.16042

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study investigates the relationship between online media attention and the performance of China's green funds. The results show that increased media attention can boost the performance of green funds in the short term, however, this effect is short-lived. The mechanism of short-term positive effects may be due to increased media attention leading to larger purchases, which may undermine funds' long-term performance. In particular, online media attention has a greater impact on larger and older funds. Moreover, it indicates that media attention reduces the returns of individual investor -dominated funds, but has little effect on institutional investor -dominated funds.

引用

页码：455 / 473

页数：19

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