{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,10,12]],"date-time":"2025-10-12T03:54:46Z","timestamp":1760241286773,"version":"build-2065373602"},"reference-count":18,"publisher":"MDPI AG","issue":"1","license":[{"start":{"date-parts":[[2019,12,28]],"date-time":"2019-12-28T00:00:00Z","timestamp":1577491200000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by\/4.0\/"}],"funder":[{"DOI":"10.13039\/501100001809","name":"National Natural Science Foundation of China","doi-asserted-by":"publisher","award":["71771170, 71801136 and 71701150"],"award-info":[{"award-number":["71771170, 71801136 and 71701150"]}],"id":[{"id":"10.13039\/501100001809","id-type":"DOI","asserted-by":"publisher"}]},{"DOI":"10.13039\/501100019005","name":"Young Elite Scientists Sponsorship Program by Tianjin","doi-asserted-by":"publisher","award":["TJSQNTJ-2017-09"],"award-info":[{"award-number":["TJSQNTJ-2017-09"]}],"id":[{"id":"10.13039\/501100019005","id-type":"DOI","asserted-by":"publisher"}]}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Entropy"],"abstract":"<jats:p>This paper employs the Baidu Index as the novel proxy for unexpected information demand and shows that this novel proxy can explain the volatility clustering of Chinese stock returns. Generally speaking, these findings suggest that investors in China could take advantage of the Baidu Index to obtain information and then improve their investment decision.<\/jats:p>","DOI":"10.3390\/e22010044","type":"journal-article","created":{"date-parts":[[2019,12,30]],"date-time":"2019-12-30T05:49:41Z","timestamp":1577684981000},"page":"44","update-policy":"https:\/\/doi.org\/10.3390\/mdpi_crossmark_policy","source":"Crossref","is-referenced-by-count":5,"title":["Unexpected Information Demand and Volatility Clustering of Chinese Stock Returns: Evidence from Baidu Index"],"prefix":"10.3390","volume":"22","author":[{"given":"Gang","family":"Chu","sequence":"first","affiliation":[{"name":"College of Management and Economics, Tianjin University, Tianjin 300072, China"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Xiao","family":"Li","sequence":"additional","affiliation":[{"name":"School of Finance, Nankai University, Tianjin 300350, China"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Dehua","family":"Shen","sequence":"additional","affiliation":[{"name":"College of Management and Economics, Tianjin University, Tianjin 300072, China"}],"role":[{"role":"author","vocabulary":"crossref"}]},{"given":"Yongjie","family":"Zhang","sequence":"additional","affiliation":[{"name":"College of Management and Economics, Tianjin University, Tianjin 300072, China"}],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"1968","published-online":{"date-parts":[[2019,12,28]]},"reference":[{"key":"ref_1","doi-asserted-by":"crossref","first-page":"70","DOI":"10.1016\/j.physa.2013.12.034","article-title":"Internet information arrival and volatility of SME PRICE INDEX","volume":"399","author":"Zhang","year":"2013","journal-title":"Phys. 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