| Issue |
E3S Web Conf.
Volume 275, 2021
2021 International Conference on Economic Innovation and Low-carbon Development (EILCD 2021)
|
|
|---|---|---|
| Article Number | 01048 | |
| Number of page(s) | 5 | |
| Section | Energy Application and Ecological Resource Sustainability | |
| DOI | https://doi.org/10.1051/e3sconf/202127501048 | |
| Published online | 21 June 2021 | |
Study on the relationship between Word Preference and Stock Returns under the background of intelligent information
School of Economics and management, Chongqing University of Arts and Sciences, 319 Honghe Avenue, China
* Corresponding author: lyh-83906@163.com
Based on intelligent informatics, this study examines whether corporate names with implications of luck and taboo have different effects on firm value using a sample of Chinese IPO firms. With the help of the green service system, it can provides investment decisions for the consumers. We find that after controlling for other influencing factors, P/E ratios are positively associated with lucky names but have a slightly negative relationship with taboo names. Similarly, CARs are positively correlated to lucky names but negatively with taboo names. The results also indicate that China’s IPO firms with taboo names have higher first-day returns, but drop faster than do other firms, indicating that these firms experience lower pricing when getting listed. Our findings highlight the economically meaningful role of firms’ names in the process of going public.
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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