报告题目：Financial Attention and the Disposition Effect: An Analysis of Attention-grabbing stocks in the Chinese Stock Market

报告时间：11月19日13：30

报告地点：旭日楼310

报告人： 秦 蓓

报告人简介：

秦蓓，香港浸会大学商学院会计，经济及金融系副教授，专注于研究媒体经济学，发展经济学，金融经济学，数字经济和大数据分析。 曾在《Econometrica》，《American Economic Review》等期刊发表论文。

报告简介：

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.