TABLE 10.
α (consent) | β | |
Shanghai stock exchange | ||
SMI (Sentiment Index) | −0.9453 | −0.2532* |
Prob. | 0.0079 | 0.0056 |
T-statistic | [−2.7388] | [−2.8627] |
Nikkei 225 | ||
SMI (Sentiment Index) | −0.9453 | −0.2532* |
Prob. | 0.0079 | 0.0056 |
T-statistic | [−2.7388] | [−2.8627] |
Dow Jones | ||
SMI (Sentiment Index) | 8.6546 | −0.0264* |
Prob. | 0.0000 | 0.0000 |
T-statistic | [117.3315] | [−6.5732] |
*Shows 1% level of significance.
Source: Author’s calculation.