Skip to main content

Table 13 Summary statistics of the matched sample and treated portfolios This table presents the mean (Mean) and standard deviation (Std. Dev.) of the weekly observations of the variables for the matched sample and treated portfolios

From: Does communication increase investors’ trading frequency? Evidence from a Chinese social trading platform

  Matched sample Treated portfolios
  Mean Std. Dev. Mean Std. Dev.
Trades 0.4904 0.8308 0.4785 0.8237
Turnover 0.4002 1.1399 0.3770 1.1061
\(\text{Leader comment}\) 0.5731 0.4946
\(Leader\ count\) 1.5802 1.5872
\(Leader\ positive\) 0.0556 0.0283
\(Leader\ negative\) 0.0828 0.0365
Return − 0.0013 0.0388 − 0.0013 0.0386
\(Return\ SD\) 0.0120 0.0440 0.0119 0.0404
No.securities 1.7720 1.0864 1.7690 1.0918
No.followers 0.1200 0.3787 0.1337 0.3939
\(Portfolio\ Age\) 3.8097 1.0245 3.9829 0.8854
No.leaders 1.4846 0.7607
\(Leader\ Return\) 0.0009 0.0337
\(Leader\ SD\) 0.0134 0.0127
\(\text{Leader trades}\) 0.2854 0.5005
\(Leader\ securities\) 1.6948 1.0646
\(Leader\ followers\) 2.5574 1.8616
\(Leader\ age\) 3.9835 1.1526