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Financial Innovation

Table 8 Statistics of IF for the periods around the lockdown in Wuhan

From: The game of lies by stock investors in social media: a study based on city lockdowns in China

 

OP

CP

HP

LP

PCP

Overall

\(IS\) in \({p}_{-1}^{wuhan}\)

0.293**

0.373***

0.290**

0.291**

0.337**

0.318**

\(IS\) in \({p}_{0}^{wuhan}\)

0.427***

0.610*****

0.380****

0.499****

0.530*****

0.501****

\(IS\) in \({p}_{1}^{wuhan}\)

0.195

0.400**

0.236*

0.305**

0.317**

0.297**

  1. \({p}_{-1}^{wuhan}\) denotes the 47 trading days before the lockdown in Wuhan
  2. \({p}_{0}^{wuhan}\) denotes the 47 trading days during the lockdown in Wuhan
  3. \({p}_{1}^{wuhan}\) denotes the 47 trading days after the end of the lockdown in Wuhan
  4. *, **, ***, ****, and ***** represent significance levels of 0.1, 0.05, 0.01, 0.001, and 0.0001, respectively. The overall column uses the means of OP, CP, HP, LP, and PCP as price proxies for calculating correlations
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