supported by the National Natural Science Foundation of China(Project Nos.71902201 and 71972189).
Using rumor verification data from investor interactive platforms,we investigate the effect of stock market rumors on price efficiency.We find favorable rumors are positively correlated with stock price synchronicity,...
funded by grants from the Major Program of National Fund of Philosophy and Social Science of China(No.18ZDA073);National Natural Science Foundation of China(No.71790602)
Linguistic specificity effectively reduces barriers to information cognition,increasing the efficiency of information acquisition,integration and processing.Combining the psycholinguistics theory of the concreteness e...
Based on a sample of Chinese A-share listed firms from 2015 to 2018,this paper studies the impact of annual report comment letters(ARCLs)on firm stock price synchronicity.We find that after firms receive ARCLs,their s...