Impact of COVID-19 on investor sentiment in China's stock markets
Large-scale public health emergencies may exert significant adverse effects on market sentiment. This study utilizes interrupted time series analysis (ITSA) to explore the shift in Chinese investors' sentiment in response to the uncertainties due to the outbreak of the COVID-19 pandemic. The em...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Elsevier
2023-10-01
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| Series: | Heliyon |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S240584402308009X |
| _version_ | 1827780263080361984 |
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| author | Jianwei Gao Haiwei Li Zhou Lu |
| author_facet | Jianwei Gao Haiwei Li Zhou Lu |
| author_sort | Jianwei Gao |
| collection | DOAJ |
| description | Large-scale public health emergencies may exert significant adverse effects on market sentiment. This study utilizes interrupted time series analysis (ITSA) to explore the shift in Chinese investors' sentiment in response to the uncertainties due to the outbreak of the COVID-19 pandemic. The empirical findings demonstrate that COVID-19 had a notable impact on investor sentiment within China's stock markets. Before the outbreak of COVID-19, investor sentiment had been on an upward trend. However, since the onset of the pandemic, there has been a sustained decline in investor sentiment, aligning with the downward trend observed in China's stock markets. Interestingly, the immediate effect of the COVID-19 intervention was positive, briefly boosting investor sentiment. As of 2023, with the conclusion of the pandemic and the Chinese government's decision to end the zero COVID-19 policy, we anticipate resurgence in investor sentiment within China's stock markets. |
| first_indexed | 2024-03-11T15:03:14Z |
| format | Article |
| id | doaj.art-e97c60e1c2f148aa99d9e659af901626 |
| institution | Directory Open Access Journal |
| issn | 2405-8440 |
| language | English |
| last_indexed | 2024-03-11T15:03:14Z |
| publishDate | 2023-10-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Heliyon |
| spelling | doaj.art-e97c60e1c2f148aa99d9e659af9016262023-10-30T06:07:27ZengElsevierHeliyon2405-84402023-10-01910e20801Impact of COVID-19 on investor sentiment in China's stock marketsJianwei Gao0Haiwei Li1Zhou Lu2School of Economics, Tianjin University of Commerce, Tianjin, 300134, ChinaSchool of Economics, Tianjin University of Commerce, Tianjin, 300134, ChinaSchool of Management, Qingdao City University, Qingdao, 266106, China; Corresponding author.Large-scale public health emergencies may exert significant adverse effects on market sentiment. This study utilizes interrupted time series analysis (ITSA) to explore the shift in Chinese investors' sentiment in response to the uncertainties due to the outbreak of the COVID-19 pandemic. The empirical findings demonstrate that COVID-19 had a notable impact on investor sentiment within China's stock markets. Before the outbreak of COVID-19, investor sentiment had been on an upward trend. However, since the onset of the pandemic, there has been a sustained decline in investor sentiment, aligning with the downward trend observed in China's stock markets. Interestingly, the immediate effect of the COVID-19 intervention was positive, briefly boosting investor sentiment. As of 2023, with the conclusion of the pandemic and the Chinese government's decision to end the zero COVID-19 policy, we anticipate resurgence in investor sentiment within China's stock markets.http://www.sciencedirect.com/science/article/pii/S240584402308009XInvestor sentimentChina'S stock marketsCOVID-19Interrupted time series analysis |
| spellingShingle | Jianwei Gao Haiwei Li Zhou Lu Impact of COVID-19 on investor sentiment in China's stock markets Heliyon Investor sentiment China'S stock markets COVID-19 Interrupted time series analysis |
| title | Impact of COVID-19 on investor sentiment in China's stock markets |
| title_full | Impact of COVID-19 on investor sentiment in China's stock markets |
| title_fullStr | Impact of COVID-19 on investor sentiment in China's stock markets |
| title_full_unstemmed | Impact of COVID-19 on investor sentiment in China's stock markets |
| title_short | Impact of COVID-19 on investor sentiment in China's stock markets |
| title_sort | impact of covid 19 on investor sentiment in china s stock markets |
| topic | Investor sentiment China'S stock markets COVID-19 Interrupted time series analysis |
| url | http://www.sciencedirect.com/science/article/pii/S240584402308009X |
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