Research Article

Media Sentiment, Government Supervision Strategy, and Stock Price Fluctuation Risk

Table 1

Benchmark values of parameters.

ParameterDescriptionBenchmark valueRange of value

The probability that infectious stocks spread stock price fluctuation risk under the influence of media sentiment0.3[0, 1]
The probability that infectious stocks spread stock price fluctuation risk under the influence of government supervision strategy0.2[0, 1]
The probability of susceptible stocks changing into recovered stocks directly0.2[0, 1]
The probability of infectious stocks changing into recovered stocks0.2[0, 1]
The probability of new stocks entering the stock market0.1[0, 1]
The probability of stocks exiting stock market0.1[0, 1]
The number of susceptible stocks entering the stock market in each time period20Positive integer
The number of related relationships in each newly added susceptible stock20Positive integer
Probability of association between susceptible stocks and existing infectious stocks by random connection0.2[0, 1]
Degree of existing stocks500Positive integer
The total number of stocks in stock association network500Positive integer
Media sentiment tendency0.4[0, 1]
Media sentiment intensity0.3[0, 1]
Media attention persistence0.2[0, 1]
Government supervision strength0.3[0, 1]
Government supervision persistence0.2[0, 1]
Government supervision timeliness0.1[0, 1]
Market noise0.3[0, 1]
The comprehensive contagion rate of stock price fluctuation risk under the interaction of media sentiment and government supervision strategy—[0, 1]