Investor Attention,Analyst Optimism,and Stock Price Crash Risk

作     者：Shuke Shi 

作者机构：School of Finance and EconomicsJiangsu UniversityZhenjiang 212013China 

出 版 物：《Proceedings of Business and Economic Studies》 (商业经济研究（百图）)

年 卷 期：2021年第4卷第3期

页      面：63-72页

学科分类：0202[经济学-应用经济学] 02[经济学] 020205[经济学-产业经济学] 

主　　题：Stock price crash risk Analyst optimism Investor attention 

摘      要：This paper used the A-shares listed companies in China as samples,constructed a comprehensive indicator of investor attention,and conducted an empirical analysis on the correlations among investor attention,analyst optimism,and stock price crash *** results indicated that investor attention aggravates the stock price crash risk and has a positive effect on analyst ***,the analyst optimism plays a mediating role in the positive correlation between investor attention and stock price crash *** addition to that,institutional investor attention also has direct and indirect effects on the crash risk.