Does the Centrual Economic Work Conference (CEWC) affect the stock market?
نویسندگان
چکیده
Purpose This paper focuses on the orientation of economy expressed in communication Central Economic Work Conference (CEWC) China and its relation with stock market. study seeks to explore which may have a stronger impact rise It proposes words connoting (WOE) that is closely related market, different WOE has impacts market terms intensity. The aims provide investors better investment strategies by identifying developmental WOE. Design/methodology/approach opted for an exploratory using textual analysis approach, based corpus 28 CEWC communications spanning from 1994 2021. raw amounted 50,754 total are treated noise reduction method record effective 39,591. Findings provides empirical insights into close relationship suggests development forecast rising if it nearly 40% higher than other two WOEs index. Research limitations/implications As only proven CEWC, this limitations scope samples. necessary apply more Bank (CBC) countries. desirable Gunning–Fog Practical implications includes read out degree WOEs. Investors keener know “what” leads rise/fall index can be indicator tendency upgrades rationality decisions. Social fulfills as identified linguistic feature, stockmarket measured. Originality/value Previous academic research studies mostly focus language features CBC, rather influential body, communication. time length prices.
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ژورنال
عنوان ژورنال: Journal of capital markets studies
سال: 2023
ISSN: ['2514-4774']
DOI: https://doi.org/10.1108/jcms-07-2022-0025