March 2022
Intermediate to advanced
294 pages
16h 47m
English
School of Management, Harbin Institute of Technology, Harbin, China
Zhiwei Research Institute, Beijing, China
ABSTRACT: As an important channel for policy information transmission, policy risk perceptions in media information often influence investors through emotions and perceptions, which in turn bring about abnormal capital market movements. This paper investigates the relationship between policy risk perceptions in the media and abnormal stock returns. 25 policy introduction events during the COVID-19 emergency were selected as samples, and the ...