| Id |
Subject |
Object |
Predicate |
Lexical cue |
| T129 |
0-163 |
Sentence |
denotes |
One crucial channel underlying H1 is that continued increasing provincial public health threats can influence investor sentiment, thus enhance the risk assessment. |
| T130 |
164-262 |
Sentence |
denotes |
Prior research suggests that information asymmetry has an effect on investor sentiment [41,42,43]. |
| T131 |
263-428 |
Sentence |
denotes |
Specifically, Schmeling [42] finds that information asymmetry amplifies the negative effect of sentiment on future stock returns based on the cross-country evidence. |
| T132 |
429-608 |
Sentence |
denotes |
In the case of regional information accessibility, we conjecture that if the investor could access more regional information, they will be less sentiment about increasing threats. |
| T133 |
609-744 |
Sentence |
denotes |
We expect that stronger information accessibility will decrease the investors’ risk assessment by mitigating the information asymmetry. |
| T134 |
745-963 |
Sentence |
denotes |
Consistent with this notion, Chakravarty et al. [44] apply the number of news reports as an inverse measure of information asymmetry and find that the number of news reports reduces the magnitude of the price discount. |
| T135 |
964-1194 |
Sentence |
denotes |
In addition, Bonsall et al. [45] find that wider media coverage, in terms of the news article number regarding earnings announcement, relates to the improvement in investor informedness during periods of higher market uncertainty. |
| T136 |
1195-1295 |
Sentence |
denotes |
Base on the discussion, our first cross-sectional hypothesis is as follows (in an alternative form): |
