{"id":"https://openalex.org/W2915337082","doi":"https://doi.org/10.1111/acfi.12454","title":"Cryptocurrency, confirmatory bias and news readability \u2013 evidence from the largest Chinese cryptocurrency exchange","display_name":"Cryptocurrency, confirmatory bias and news readability \u2013 evidence from the largest Chinese cryptocurrency exchange","publication_year":2019,"publication_date":"2019-02-21","ids":{"openalex":"https://openalex.org/W2915337082","doi":"https://doi.org/10.1111/acfi.12454","mag":"2915337082"},"language":"en","primary_location":{"id":"doi:10.1111/acfi.12454","doi":"https://doi.org/10.1111/acfi.12454","is_oa":false,"landing_page_url":"https://doi.org/10.1111/acfi.12454","pdf_url":null,"source":{"id":"https://openalex.org/S4210171597","display_name":"Accounting and Finance","issn_l":"0810-5391","issn":["0810-5391","1467-629X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Accounting & Finance","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5100634780","display_name":"Shuyu Zhang","orcid":"https://orcid.org/0000-0002-2432-817X","observed_orcids":["https://orcid.org/0000-0002-2432-817X"]},"institutions":[{"id":"https://openalex.org/I158934434","display_name":"Zhongnan University of Economics and Law","ror":"https://ror.org/04yqxxq63","country_code":"CN","type":"education","lineage":["https://openalex.org/I158934434"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Shuyu Zhang","raw_affiliation_strings":["Wenlan School of Business, Zhongnan University of Economics and Law, Wuhan, China"],"raw_orcid":"https://orcid.org/0000-0002-2432-817X","affiliations":[{"raw_affiliation_string":"Wenlan School of Business, Zhongnan University of Economics and Law, Wuhan, China","institution_ids":["https://openalex.org/I158934434"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5073467896","display_name":"Xuanyu Zhou","orcid":"https://orcid.org/0000-0003-0823-2247","observed_orcids":["https://orcid.org/0000-0003-0823-2247"]},"institutions":[{"id":"https://openalex.org/I146563203","display_name":"University of International Business and Economics","ror":"https://ror.org/05khqpb71","country_code":"CN","type":"education","lineage":["https://openalex.org/I146563203"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Xuanyu Zhou","raw_affiliation_strings":["School of Banking and Finance, University of International Business and Economics, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Banking and Finance, University of International Business and Economics, China","institution_ids":["https://openalex.org/I146563203"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5102019822","display_name":"Huifeng Pan","orcid":"https://orcid.org/0000-0002-1588-9442","observed_orcids":["https://orcid.org/0000-0002-1588-9442"]},"institutions":[{"id":"https://openalex.org/I146563203","display_name":"University of International Business and Economics","ror":"https://ror.org/05khqpb71","country_code":"CN","type":"education","lineage":["https://openalex.org/I146563203"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Huifeng Pan","raw_affiliation_strings":["School of Banking and Finance, University of International Business and Economics, China"],"raw_orcid":"https://orcid.org/0000-0002-1588-9442","affiliations":[{"raw_affiliation_string":"School of Banking and Finance, University of International Business and Economics, China","institution_ids":["https://openalex.org/I146563203"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5056235152","display_name":"Junyi Jia","orcid":"https://orcid.org/0009-0002-0277-8521","observed_orcids":["https://orcid.org/0009-0002-0277-8521"]},"institutions":[{"id":"https://openalex.org/I179026463","display_name":"Beijing Technology and Business University","ror":"https://ror.org/013e0zm98","country_code":"CN","type":"education","lineage":["https://openalex.org/I179026463"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Junyi Jia","raw_affiliation_strings":["School of Economics, Beijing Technology and Business University, Beijing, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Economics, Beijing Technology and Business University, Beijing, China","institution_ids":["https://openalex.org/I179026463"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5100634780"],"corresponding_institution_ids":["https://openalex.org/I158934434"],"apc_list":{"value":3000,"currency":"USD","value_usd":3000},"apc_paid":null,"fwci":4.5405,"has_fulltext":false,"cited_by_count":46,"citation_normalized_percentile":{"value":0.94330059,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":100},"biblio":{"volume":"58","issue":"5","first_page":"1445","last_page":"1468"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9887999892234802,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9887999892234802,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10270","display_name":"Blockchain Technology Applications and Security","score":0.0038999998942017555,"subfield":{"id":"https://openalex.org/subfields/1710","display_name":"Information Systems"},"field":{"id":"https://openalex.org/fields/17","display_name":"Computer Science"},"domain":{"id":"https://openalex.org/domains/3","display_name":"Physical Sciences"}},{"id":"https://openalex.org/T11995","display_name":"FinTech, Crowdfunding, Digital Finance","score":0.003800000064074993,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/cryptocurrency","display_name":"cryptocurrency","score":0.7570000290870667},{"id":"https://openalex.org/keywords/confirmation-bias","display_name":"confirmation bias","score":0.9449999928474426},{"id":"https://openalex.org/keywords/abnormal-trading-volume","display_name":"abnormal trading volume","score":0.9900000095367432},{"id":"https://openalex.org/keywords/investor-information-processing","display_name":"investor information processing","score":0.3720000088214874}],"concepts":[{"id":"https://openalex.org/C180706569","wikidata":"https://www.wikidata.org/wiki/Q13479982","display_name":"Cryptocurrency","level":2,"score":0.9141473770141602},{"id":"https://openalex.org/C2778143727","wikidata":"https://www.wikidata.org/wiki/Q1820650","display_name":"Readability","level":2,"score":0.8366936445236206},{"id":"https://openalex.org/C191935318","wikidata":"https://www.wikidata.org/wiki/Q148","display_name":"China","level":2,"score":0.5381247997283936},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5374501347541809},{"id":"https://openalex.org/C2778137410","wikidata":"https://www.wikidata.org/wiki/Q2732820","display_name":"Government (linguistics)","level":2,"score":0.49533501267433167},{"id":"https://openalex.org/C112698675","wikidata":"https://www.wikidata.org/wiki/Q37038","display_name":"Advertising","level":1,"score":0.4894079267978668},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4120890200138092},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.3202592730522156},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.30890053510665894},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.17100074887275696},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.13917934894561768},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.13148698210716248},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.12208056449890137},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0},{"id":"https://openalex.org/C41895202","wikidata":"https://www.wikidata.org/wiki/Q8162","display_name":"Linguistics","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1111/acfi.12454","doi":"https://doi.org/10.1111/acfi.12454","is_oa":false,"landing_page_url":"https://doi.org/10.1111/acfi.12454","pdf_url":null,"source":{"id":"https://openalex.org/S4210171597","display_name":"Accounting and Finance","issn_l":"0810-5391","issn":["0810-5391","1467-629X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Accounting & Finance","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":71,"referenced_works":["https://openalex.org/W253427243","https://openalex.org/W1486993561","https://openalex.org/W1526032928","https://openalex.org/W1591099623","https://openalex.org/W1599423069","https://openalex.org/W1935291012","https://openalex.org/W1971685258","https://openalex.org/W1986352444","https://openalex.org/W2005570340","https://openalex.org/W2011003518","https://openalex.org/W2011731187","https://openalex.org/W2012761962","https://openalex.org/W2028211630","https://openalex.org/W2029578438","https://openalex.org/W2032229425","https://openalex.org/W2041854950","https://openalex.org/W2042442456","https://openalex.org/W2077426561","https://openalex.org/W2077967036","https://openalex.org/W2081416478","https://openalex.org/W2088274580","https://openalex.org/W2105399863","https://openalex.org/W2108303163","https://openalex.org/W2108993004","https://openalex.org/W2125520394","https://openalex.org/W2127716901","https://openalex.org/W2131050038","https://openalex.org/W2132490153","https://openalex.org/W2137108136","https://openalex.org/W2141176174","https://openalex.org/W2143885952","https://openalex.org/W2159322587","https://openalex.org/W2168056446","https://openalex.org/W2185956555","https://openalex.org/W2188530018","https://openalex.org/W2210347503","https://openalex.org/W2272351350","https://openalex.org/W2292146944","https://openalex.org/W2333216399","https://openalex.org/W2462167533","https://openalex.org/W2529463331","https://openalex.org/W2578108994","https://openalex.org/W2586311571","https://openalex.org/W2598936518","https://openalex.org/W2617428178","https://openalex.org/W2893832477","https://openalex.org/W2896508999","https://openalex.org/W2991953046","https://openalex.org/W2999958477","https://openalex.org/W3121615672","https://openalex.org/W3121846669","https://openalex.org/W3122094160","https://openalex.org/W3122770007","https://openalex.org/W3123195209","https://openalex.org/W3123299411","https://openalex.org/W3123401135","https://openalex.org/W3123445444","https://openalex.org/W3123792419","https://openalex.org/W3124487186","https://openalex.org/W3124496063","https://openalex.org/W3124613598","https://openalex.org/W3124620626","https://openalex.org/W3124661080","https://openalex.org/W3124871558","https://openalex.org/W3125112043","https://openalex.org/W3125581716","https://openalex.org/W3125686936","https://openalex.org/W3125780646","https://openalex.org/W3150402146","https://openalex.org/W4244416934","https://openalex.org/W6601707687"],"related_works":["https://openalex.org/W4380271139","https://openalex.org/W3091561574","https://openalex.org/W2614991267","https://openalex.org/W4384559815","https://openalex.org/W3140945287","https://openalex.org/W4200118955","https://openalex.org/W4313041923","https://openalex.org/W7212427073","https://openalex.org/W4224750739","https://openalex.org/W4403324868"],"abstract_inverted_index":{"Abstract":[0],"We":[1],"investigate":[2],"whether":[3],"Chinese":[4],"cryptocurrency":[5,38],"investors":[6,81],"show":[7],"confirmatory":[8],"bias":[9],"when":[10],"processing":[11],"authority\u2010related":[12,48,75,87],"news.":[13],"Authority\u2010related":[14],"news":[15,19,49,76,88],"is":[16,21,50],"defined":[17],"as":[18],"that":[20,44,59],"related":[22],"to":[23,47,83],"government":[24],"authority":[25],"(including":[26],"central":[27],"bank)":[28],"policies":[29],"or":[30],"talk.":[31],"By":[32],"using":[33],"data":[34],"from":[35],"the":[36,60,84],"largest":[37],"exchange":[39],"in":[40,54],"China,":[41],"we":[42,57],"find":[43,58],"investors\u2019":[45],"response":[46],"negative":[51],"and":[52,64],"significant":[53],"general.":[55],"Moreover,":[56],"abnormal":[61,68],"trading":[62,69,91],"volume":[63,70],"standard":[65],"deviation":[66],"of":[67],"are":[71],"significantly":[72],"higher":[73,78],"for":[74],"with":[77,89],"readability,":[79],"suggesting":[80],"respond":[82],"more":[85,90],"readable":[86],"behaviour.":[92]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":6},{"year":2024,"cited_by_count":17},{"year":2023,"cited_by_count":5},{"year":2022,"cited_by_count":6},{"year":2021,"cited_by_count":4},{"year":2020,"cited_by_count":3},{"year":2019,"cited_by_count":2},{"year":2017,"cited_by_count":1}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2019-03-02T00:00:00"}