{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2022,4,3]],"date-time":"2022-04-03T16:04:04Z","timestamp":1649001844864},"reference-count":25,"publisher":"World Scientific Pub Co Pte Lt","issue":"04","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Int. J. Info. Tech. Dec. Mak."],"published-print":{"date-parts":[[2012,7]]},"abstract":"<jats:p> This study investigates asynchronous information transmission between stock returns and abnormal posting volume on the online stock message boards in China. Based on a robust GARCH model, the study finds that there are significant two-way volatility spillover effects: a positive volatility spillover effect from stock returns to abnormal message posting volume, and a negative volatility spillover effect from abnormal message posting volume to stock returns. The information exchange and communication on stock message boards have a certain role in stabilizing financial markets and improving investor's decision making on financial markets. <\/jats:p>","DOI":"10.1142\/s0219622012500204","type":"journal-article","created":{"date-parts":[[2012,9,3]],"date-time":"2012-09-03T08:31:40Z","timestamp":1346661100000},"page":"777-792","source":"Crossref","is-referenced-by-count":0,"title":["IS THERE TWO-WAY ASYNCHRONOUS INFORMATION TRANSMISSION BETWEEN STOCK MARKETS AND STOCK MESSAGE BOARDS?"],"prefix":"10.1142","volume":"11","author":[{"given":"DAYONG","family":"DONG","sequence":"first","affiliation":[{"name":"School of Economics and Business Administration, Southwest Jiaotong University, Chengdu 610031, China"}]},{"given":"LIAOLIAO","family":"LI","sequence":"additional","affiliation":[{"name":"Department of Business Administration, Kutztown University of Pennsylvania, Kutztown, PA 19530, USA"}]},{"given":"DAN","family":"YANG","sequence":"additional","affiliation":[{"name":"School of Business Administration, Southwestern University of Finance &amp; Economics, Chengdu 610074, China"}]},{"given":"HUILIN","family":"ZHU","sequence":"additional","affiliation":[{"name":"College of Business and Economics, Lehigh University, USA"}]},{"given":"QILIN","family":"CAO","sequence":"additional","affiliation":[{"name":"School of Business &amp; Administration, Sichuan University, China"}]},{"given":"YONG","family":"LU","sequence":"additional","affiliation":[{"name":"Information Sciences &amp; Technology, The Pennsylvania State University, 76 University, Hazleton, PA 18202, USA"}]}],"member":"219","published-online":{"date-parts":[[2012,9,3]]},"reference":[{"key":"rf1","doi-asserted-by":"publisher","DOI":"10.1111\/j.1540-6261.2004.00662.x"},{"key":"rf2","doi-asserted-by":"publisher","DOI":"10.1016\/S0165-4101(99)00018-X"},{"key":"rf3","doi-asserted-by":"publisher","DOI":"10.1111\/j.1540-6261.1986.tb04513.x"},{"key":"rf4","doi-asserted-by":"publisher","DOI":"10.1016\/0304-4076(86)90063-1"},{"key":"rf5","doi-asserted-by":"publisher","DOI":"10.1007\/BF02752742"},{"key":"rf6","doi-asserted-by":"publisher","DOI":"10.1016\/0304-4076(94)01714-X"},{"key":"rf7","doi-asserted-by":"publisher","DOI":"10.1111\/j.1467-629X.2006.00160.x"},{"key":"rf8","doi-asserted-by":"publisher","DOI":"10.1111\/j.1755-053X.2005.tb00112.x"},{"key":"rf9","doi-asserted-by":"publisher","DOI":"10.2469\/faj.v59.n4.2546"},{"key":"rf10","doi-asserted-by":"publisher","DOI":"10.2307\/2330774"},{"key":"rf11","doi-asserted-by":"publisher","DOI":"10.1016\/S0378-4266(98)00003-X"},{"key":"rf12","doi-asserted-by":"publisher","DOI":"10.1016\/j.jbankfin.2006.10.006"},{"key":"rf14","first-page":"393","volume":"70","author":"Grossman S.","journal-title":"American Economic Review"},{"key":"rf16","first-page":"22","volume":"16","author":"Kim Y.","journal-title":"Pacific-Basin Finance Journal"},{"key":"rf17","doi-asserted-by":"publisher","DOI":"10.2307\/1913210"},{"key":"rf18","first-page":"1161","volume":"11","author":"Li Y.","journal-title":"International Journal of Information Technology & Decision Making"},{"key":"rf19","first-page":"220","volume":"14","author":"Liang X.","journal-title":"Chinese Journal of Management Science"},{"key":"rf20","first-page":"31","volume":"51","author":"Lu Y.","journal-title":"Journal of Computer Information Systems"},{"key":"rf21","doi-asserted-by":"publisher","DOI":"10.1016\/j.dss.2010.11.011"},{"key":"rf22","doi-asserted-by":"publisher","DOI":"10.1142\/S0219024900000826"},{"key":"rf23","first-page":"242","volume":"36","author":"Mandelbrot B.","journal-title":"The Journal of Business"},{"key":"rf24","first-page":"465","volume":"6","author":"Samuelson P.","journal-title":"Management Review"},{"key":"rf25","first-page":"465","volume":"80","author":"Scharfstein D.","journal-title":"American Economic Review"},{"key":"rf26","doi-asserted-by":"publisher","DOI":"10.2469\/faj.v57.n3.2449"},{"key":"rf27","doi-asserted-by":"publisher","DOI":"10.1016\/j.pacfin.2009.03.003"}],"container-title":["International Journal of Information Technology &amp; Decision Making"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/www.worldscientific.com\/doi\/pdf\/10.1142\/S0219622012500204","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2019,8,6]],"date-time":"2019-08-06T18:12:47Z","timestamp":1565115167000},"score":1,"resource":{"primary":{"URL":"https:\/\/www.worldscientific.com\/doi\/abs\/10.1142\/S0219622012500204"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2012,7]]},"references-count":25,"journal-issue":{"issue":"04","published-online":{"date-parts":[[2012,9,3]]},"published-print":{"date-parts":[[2012,7]]}},"alternative-id":["10.1142\/S0219622012500204"],"URL":"https:\/\/doi.org\/10.1142\/s0219622012500204","relation":{},"ISSN":["0219-6220","1793-6845"],"issn-type":[{"value":"0219-6220","type":"print"},{"value":"1793-6845","type":"electronic"}],"subject":[],"published":{"date-parts":[[2012,7]]}}}