•  
  •  
 

Scientific Information Research

Keywords

news evaluation, text mining, stock market, semantic association

Abstract

[Purpose/significance]To identify crucial financial news information and tap its potential value related to specific stocks more quickly and accurately, we conduct financial news correlation measurement research in terms of stocks.[Method/process]Natural Language Processing and Machine Learning are used to measure the correlation by text analysis in the word's dimension. Then, the theory of quantifying news is applied to construct a stock-oriented evaluation index system for financial news correlation.[Result/conclusion]This paper realizes a personalized and automatic measurement of news correlation with the index system. Further, the influence of each index is also be analyzed.

First Page

36

Last Page

48

Digital Object Identifier (DOI)

10.19809/j.cnki.kjqbyj.2023.03.004

Reference

[1] 罗琦,游学敏,吕纤.基于网络数据挖掘的资产定价研究述评[J].管理学报,2020,17(01):148-158.[2] 汪昌云,武佳薇,孙艳梅,等.公司的媒体信息管理行为与IPO定价效率[J].管理世界,2015(01):118-128.[3] 喻发胜,张唐彪,鲁文禅.普遍联系:马克思主义新闻学的重要哲学基石及其实践价值[J].新闻与传播研究,2019,26(04):5-24,126.[4] 左宇坤. 新媒体语境下新闻价值的发展与坚守[J].新媒体研究,2019,5(01):97-98.[5] 张斌,张昆.中西新闻价值观“异”“同”的文化学阐释[J].新闻前哨,2011(01):43-45.[6] 李良荣. 新闻学概论[M].上海:复旦大学出版社,2009.[7] 甘惜分. 新闻学大辞典[M].郑州:河南人民出版社,1993.[8] 斯蒂芬·李特约翰.人类传播理论[M].北京:清华大学出版社,2004.[9] 吴晨光. 吴晨光源流说:内容生产与分发的44条法则[M].北京:中国人民大学出版社,2020.[10] GA LTUNG J,RUGEM.The structure of foreign new[J].Journal of Peace Research,1965(02):64-91.[11] HARCUP T,O'NEI D.What is news? News values revisited (again)[J].Journalism studies,2017,18(12):1470-1488.[12] HIBERT RE,UNGURAIT D F,BOHN T W.Mass media:an introduction to modern communication[M].NewYork,1974:38-48.[13] 钱燕妮. 新闻价值及其量化分析[J].新闻世界,2000(06):7-8.[14] 熊艳,李常青,魏志华.媒体报道与IPO定价效率:基于信息不对称与行为金融视角[J].世界经济,2014,37(05):135-160.[15] FANG L,PERESS J.Media coverage and the cross‐section of stock returns[J].The journal of finance,2009,64(05):2023-2052.[16] LI Q,WANG T J,LI P,et al.The effect of news and public mood on stock movements[J].Information Sciences,2014(278):826-840.[17] 牛枫,叶勇,陈效东.媒体报道与IPO公司股票发行定价研究:来自深圳中小板上市公司的经验证据[J].管理评论,2017,29(11):50-61.[18] 杨洁,詹文杰,刘睿智.媒体报道、机构持股与股价波动非同步性[J].管理评论,2016,28(12):30-40.[19] AMMANN M,FREY R,VERHOFEN M.Do newspaper articles predict aggregate stock returns?[J].Journal of behavioral finance,2014,15(03):195-213.[20] SHYNKEVICH Y,MCGINNITY T M,COLEMAN S,et al.Stock price prediction based on stock-specific and sub-industry-specific news articles[C]//2015 international joint conference on neural networks (ijcnn).IEEE,2015.[21] TETLOCK P C.All the news that's fit to reprint:Do investors react to stale information?[J].The Review of Financial Studies,2011,24(05):1481-1512.[22] ENGELBERG J E,PARSONS C A.The causal impact of media in financial markets[J].the Journal of Finance,2011,66(01):67-97.[23] CHEN C W,PANTZALIS C,PARK J C.Press coverage and stock price deviation from fundamental value[J].Journal of Financial Research,2013,36(02):175-214.[24] 汤淳,王过京.绿色指数发布的股价效应研究:基于投资者情绪的视角[J].商业经济与管理,2020(01):79-91.[25] 王美今,孙建军.中国股市收益、收益波动与投资者情绪[J].经济研究,2004(10):75-83.[26] DEVLIN J,CHANG M W,LEE K,et al.Bert: Pre-training of deep bidirectional transformers for language understanding[J].arXiv preprint arXiv:1810.04805,2018.[27] JAWAHAR G,SAGOET B,SEDDAH D.What does BERT learn about the structure of language?[C]//ACL 2019-57th Annual Meeting of the Association for Computational Linguistics.2019.[28] LLUO R,XU J,ZHANG Y,et al.Pkuseg:A toolkit for multi-domain chinese word segmentation[J].arXiv preprint arXiv:1906.11455,2019.

Share

COinS