网络关注度与股票场关系研究—来自一带一路证据.pdfVIP

Business and Globalization 商业全球化, 2016, 4(4), 104-109 Published Online October 2016 in Hans. /journal/bglo /10.12677/bglo.2016.44014 Research on Relationship between Network Attention and Stock Market —Evidence from “One Belt, One Road” Lifeng Gao, Xiaolong Zhao School of Economics, Shenyang University of Technology, Shenyang Liaoning st th th Received: Sep. 21 , 2016; accepted: Oct. 14 , 2016; published: Oct. 17 , 2016 Copyright © 2016 by authors and Hans Publishers Inc. This work is licensed under the Creative Commons Attribution International License (CC BY). /licenses/by/4.0/ Open Access Abstract The Internet search data record hundreds of millions of users’ search traces, which can reflect the degree of public attention on certain things, and using it for scientific research is feasible. This paper uses “One Belt and One Road” network attention as the research object to study the rela- tionship between the network attention and the stock market. Through the empirical study, it is proved that there is a significant positive correlation between “One Belt and One Road” network attention and CSI “One Belt and One Road” theme index. And through cointegration test and Gran- ger causality test, a long-term stable equilibrium relationship between the variables is proved and there is a mutual Granger causality between them. At the same time, we introduce the exchange rate and find that the exchange rate has a significant impact on the CSI “One Belt and One Road” theme index, but there is no relationship between the investors’ network attention on “One Belt and One Road” and exchange rate. Keywords “One Belt and One Road”, Network Attention, CSI “One Belt and One Road” Theme Index, Exchange Ra