•  
  •  
 

Journal of 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

Submission Date

31-Mar-2023

Revision Date

05-May-2023

Published Date

01-Jul-2023

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.

Digital Object Identifier (DOI)

10.19809/j.cnki.kjqbyj.2023.03.004

Share

COinS