| ID | 089558 |
| Title Proper | Sentiment effects on Chinese share prices and savings deposits |
| Other Title Information | the post-2003 experience |
| Language | ENG |
| Author | Burdekin, Richard C K ; Redfern, Luke |
| Publication | 2009. |
| Summary / Abstract (Note) | This paper examines the importance of sentiment effects on asset allocation decisions in mainland China and beyond. Rising stock market sentiment appears to have negatively and significantly impacted Chinese savings account growth over the 2003-2007 period. Investor sentiment also exerted consistently significant effects on the discounts attached to Chinese B-shares, H-shares and ADRs by foreign investors. Although the sample period is limited by availability of the sentiment data, the indicated effects remain most robust when controlling for relative stock market performance, liquidity levels, expected exchange rate movements, and such 'indirect' sentiment measures as market and firm-specific price-earnings ratios. |
| `In' analytical Note | China Economic Review vol. 20, 2 (6/1/2009) |
| Journal Source | China Economic Review vol. 20, 2 (6/1/2009) |
| Key Words | China ; Savings Deposits ; Share Prices ; Sentiment ; Shanghai ; Stock Market |