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Media sentiment, news and liquidity of Chinese property developer stocks amidst the shadow of a mortgage crisis in China
International Journal of Emerging Markets. 2025. Vol. 20. No. 6. P. 2223–2242.
Purpose
The study examines the relationship between news intensity, media sentiment and market microstructure invariance-implied measures of trading activity and liquidity of Chinese property developer stocks during the 2020–2022 Chinese property sector crisis.
Design/methodology/approach
The authors adopt the extension of the news article invariance hypothesis, which is a generalization of the market microstructure invariance conjecture, from January 2020 to January 2022 to test specific quantitative relationships between the arrival rate of public information, trading activity and a nonlinear function of a proxy for the probability of informed trading. Empirical tests are based on a dataset of 22,412 firm-day observations and two count-data models to correct for overdispersion and the excess number of zeros. Seventy-five stocks of Chinese companies from the property development industry (including the China Evergrande Group) were included in the sample.
Findings
The authors reject the news article invariance hypothesis but document a positive and significant relationship between the flow of public information and risk liquidity. Additionally, the authors find that the proxy for informed trading activity is positively related to the arrival rates of public information from October 2021 to January 2022.
Originality/value
The findings support the hypothesis that negative (positive) media sentiment induces significant deterioration (insignificant improvement) in stock liquidity. The authors find that an increase in the number of news articles about a company corresponds to a higher liquidity of Chinese property developers' stocks after controlling for media sentiment.
Fedorova E., Ledyaeva S., Stepanov V., International Review of Economics and Finance 2026
This study investigates the influence of low-quality information, specifically fake news, on short
term stock returns, contributing to the discourse on signal theory and behavioral economics.
Employing a machine learning approach, the authors developed a robust fake news dataset from
publicly available sources. Sentiment analysis was conducted using a FinBERT model fine-tuned
for stock market contexts, alongside extensive dataset ...
Added: September 12, 2026
Карпова Д. А., Sizova I., Gordin V. E., Креативные индустрии 2026 Т. 2 № 2 С. 10–31
This article examines the musealisation of industrial heritage and its role in regional and corporate branding. The relevance of this study stems from deindustrialisation processes, the growth of industrial tourism, and the need to preserve historical memory, which is particularly important in the context of Russian realities—the lack of a legal definition of the concept ...
Added: September 9, 2026
Veselova L. S., Морозова В. С., Дарчиева А. А., Управленец 2026 Vol. 17 No. 4 P. 66–78
На фоне развивающихся торгово-экономических отношений между Россией и Китаем российские десерт- ные бренды получают новые возможности для выхода на китайский рынок. Однако их присутствие ограничено преи- мущественно приграничными регионами, а продвижение сдерживается недостаточной адаптацией к социокультурным особенностям китайских потребителей. Статья посвящена разработке практических рекомендаций по формированию стратегии адаптации российских десертных брендов к специфике китайского рынка. ...
Added: September 9, 2026
Kilinc-Ata N., Warong M. M., SN Business & Economics 2026 Vol. 6 Article 326(2026)
Green transitions are widely expected to attract cleaner capital and accelerate decarbonization; however, emerging-economy evidence increasingly challenges this assumption. This study examines the dynamic relationship between energy transition indicators and capital inflows in BRICS+ economies over the period 1996–2022, explicitly testing the “Green Haven” hypothesis under conditions of global uncertainty. Unlike much of the existing ...
Added: September 9, 2026
Warong M. M., International Journal of Diplomacy and Economy 2026
This study conducted in Indonesia between 2000 and 2023, demonstrates a complex, non-linear interplay between the economic environment and the emergence of clean energy start-ups. Using Autoregressive Distributed Lag and Markov Switching models, the research shows that start-up formation coincides with periods of lower GDP growth, suggesting that innovation is often spurred by necessity. Two ...
Added: September 9, 2026
Кореневский В. В., Экономика и математические методы 2026 Т. 25 № 3 С. 853–878
The US presidential election is a lengthy and complex process, during which candidates present their views and programs for reforming the country's politics and economy, while mass media broadcast these positions to a wide audience. In the most recent election, the topic of cryptocurrencies was used in the campaign for the electorate for the first ...
Added: September 8, 2026
Veselova A., Dikova D., Aray Y., Asia Pacific Journal of Management 2026
We examine board of directors’ gender diversity and corporate social responsibility (CSR) disclosure of Russian firms, and test for their effects on the market valuation of these firms. The Russian context is unique because gender disparity of boards and top management remains high in Russia due to historical legacy, absence of specific diversity-promoting regulations and ...
Added: September 8, 2026
Mozias P., Социальные и гуманитарные науки. Отечественная и зарубежная литература. Серия 9: Востоковедение и африканистика 2026 № 2 С. 173–208
Abstract. Over the years of market reforms, China has moved from an autarkic economy to the position of the world’s largest trading power, becoming a global leader both in export volume and in total foreign trade turnover. For a long time, China’s export success was commonly explained by her use of comparative advantages in labor-intensive ...
Added: September 7, 2026
Kolesnik N. A., Общество и экономика 2026 № 1-2 С. 114–134
Стремительно растущее население планеты и рост объемов индивидуального потребления при низкой включенности населения в экологические практики признается ключевым
препятствием на пути к экономике замкнутого цикла. В статье анализируется использование
огромного рекламно-коммуникационного потенциала крупных торговых сетей для вовлечения
населения в экономику замкнутого цикла через повышение экологической сознательности и популяризацию ответственного потребления. Эмпирической основой исследования стала база данных коммуникации шести ...
Added: September 6, 2026
Titkov A. S., Социологическое обозрение 2021 Т. 20 № 1 С. 262–289
The article continues the discussion of Grigory Yudin’s book 'Public Opinion'. The review considers Yudin’s arguments on the “plebiscitarian bias” in opinion-poll technology, on the linkages between opinion-polls, Rousseauist tradition and the “plebiscitarian model”, and on Gallup’s, Schumpeter’s, and Weber’s contributions to plebiscitarism. In the context of the proposed conceptual model, controversial issues in the interpretation of Weber’s and ...
Added: September 4, 2026
Boltachev M., Ymer 2026 Vol. 25 No. 8 P. 130–161
The field of business model adaptation (BMA) remains conceptually fragmented: definitions, antecedents, and typological patterns are scattered across isolated empirical studies, precluding cumulative theory-building. This systematic review aims to synthesise the existing literature on BMA by mapping how the construct is defined, what drives it, and what typological patterns can be identified. Following the SPAR-4-SLR ...
Added: September 4, 2026
Churakova I., Кумар В., Dianli Xitong Baohu yu Kongzhi/Power System Protection and Control 2026 No. 54 (3) P. 428–454
Purpose
This study examines the impact of Predictive Intelligence (PI) and Real-Time Data Insights (RDI) on Corporate Financial Sustainability (CFS), while controlling for organizational factors, industry factors, and AI-related risk factors. The research aims to determine whether these analytic capabilities (PI and RDI) individually and jointly contribute to long-term financial resilience and performance in modern organizations.
Theoretical ...
Added: September 4, 2026
Elyashevich I., Вестник Московского университета. Серия 6: Экономика 2026 Т. 61 № 3 С. 363–384
The study examined the properties of the normal distribution of the values of shipments of stocks of various categories from warehouses of large industrial companies. As a result, it was revealed that the use of the classical normal distribution, in some cases, may give incorrect results, since the values of stock shipments are positive values, ...
Added: September 3, 2026
Gromova A., В кн.: XXXII Международный конгресс по источниковедению и историографии стран Азии и Африки: Россия и Восток. К 300-летию СПбГУ. 26– 28 апреля 2023 г.: Материалы конгресса.: СПб.: Издательство РХГА, 2023. С. 123–125.
Ситуация языкового сдвига усугубилась в последние десятилетия, многие идиомы современного Ирана, несмотря на усилия академического сообщества и проекты по составлению диалектологических атласов, ещё не задокументированы и могут исчезнуть уже в скором будущем. Эта перспектива ближайших 50 лет обусловлена, во-первых, сильным повышением среднего возраста носителей отдельно взятых идиомов и, во-вторых, переходом молодежи — из-за ряда политических, ...
Added: June 30, 2026
Дементьева К. В., Костина А. Г., Неофилология 2024 Т. 10 № 3 С. 666–680
INTRODUCTION. Popularization of science plays a significant role in modern society, contributing to the development of domestic science and technology, the formation of an educated and critically thinking society. The purpose of the study is to consider materials on popular science topics as agents of popularization of scientific knowledge for a wide audience MATERIALS AND ...
Added: October 16, 2025
Чан Ф. Т., Староверова О. В., Kosov M., Аудиторские ведомости 2025 № 2 С. 129–134
This article is devoted to the study of factors affecting enterprise cash flow management. Methods of analysis and synthesis of peer-reviewed scientific sources on this issue are applied. As a result of the research, two groups of factors have been identified and systematized: objective factors (state economic policy, customer influence) and subjective factors (competence of ...
Added: September 22, 2025
Baysha O., Медиалингвистика 2025 Т. 12 С. 759–762
Since its inception, media studies have been permeated with the spirit of West-centrism, which was reflected in media discourses about the lack of alternative to Westernization of the entire world. Today, this postulate is rejected, which requires an appropriation of alternative paradigms. ...
Added: September 5, 2025
Radina N., Balakina Y. V., Bannikov K., Вестник Томского государственного университета 2025 № 510 С. 52–62
The timeliness of the presented research is justified by the significant role of the media during a crisis, since the growth of content consumption increases the ability to influence the audience in order to form certain attitudes and change behavioral patterns. In addition, despite the fact that issues of media framing as one of the ...
Added: May 8, 2025
Rusetskaya O., Гусарова Е. А., Вестник факультета управления СПбГЭУ 2023 № 16 С. 78–90
The article presents a rating, as well as a classification according to the level of competitiveness of the largest 10 Russian and 10 Chinese food industry enterprises based on the calculation of profitability of sales, sales dynamics and liquidity in 2020–2022. A comparative analysis of the relevant indicators has been performed. ...
Added: March 1, 2025
СПб.: Санкт-Петербургский государственный экономический университет, 2024.
Сборник материалов Х Международной научно-практической конференции традиционно посвящен исследованию трендов современного брендинга и особенностям функционирования брендов в различных сферах. Магистральная тема исследований этой конференции -геобрендинг. В первой части представлены исследования вузовских преподавателей и специалистов-практиков. Сборник адресован специалистам коммуникационных профессий, преподавателям, студентам, магистрантам, всем, кто интересуется проблемами брендинга. ...
Added: February 14, 2025
Sizykh D., Tregub K., Belyakov B. et al., , in: 2024 17th International Conference on Management of Large-Scale System Development (MLSD).: IEEE, 2024. P. 1–5.
Currently, a large number of studies are being conducted to improve the accuracy of the developed forecasting methods for the stock market. At the same time, multivariate models based on machine learning methods are increasingly used. Since liquidity indicators have a significant impact on asset pricing, taking them into account can improve the accuracy of ...
Added: January 15, 2025
СПб.: ИПЦ СПбГУПТД, 2024.
В сборнике представлены материалы IX Всероссийской научно-практической конференции «Современные СМИ в контексте информационных технологий» (Санкт-Петербург, 2023 г.). Авторы статей акцентируют внимание на новых вызовах в медиасфере и транс- формации современных СМИ, обращаясь как к теоретическим, так и практическим аспектам данного явления. Особое внимание уделяется функционированию журна- листики в культурном пространстве, вопросам образования и воспитания будущих ...
Added: November 2, 2024
Volkov V., Finance Research Letters 2024
This paper examines the relationship between opacity and frequency dependence of systematic risk (β), estimated over different horizons using Wavelet Transform, for small and large firms. The findings provide evidence for the frequency-specific nature of opacity and suggest that while opacity is positively related to the frequency dependence of beta for large firms at all ...
Added: October 30, 2024
СПб.: Медиапапир, 2024.
Сборник содержит материалы конференции "Язык в координатах массмедиа". ...
Added: September 13, 2024