Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Changes in Investors' Market Attention and Near-Term Stock Market Returns
Stockholm University, Faculty of Social Sciences, Stockholm Business School.
2016 (English)In: The journal of behavorial finance, ISSN 1542-7560, E-ISSN 1542-7579, Vol. 17, no 1, 18-30 p.Article in journal (Refereed) Published
Abstract [en]

We use Google Search volume to track changes investors’ positive and negative market attention. Our results support the hypothesis that this information reflects investors’ optimistic and pessimistic anticipation and can be used to predict near-term future returns. We find that changes in negative search term volume of “market crash” and “bear market” and changes in positive search term volume “market rally” explain near-term stock returns. Changes in investors’ attention are partly related to past stock market returns implying that investors are prone to pay attention to possible price reversals. These measures of market attention are potential gauges of investor sentiment.

Place, publisher, year, edition, pages
2016. Vol. 17, no 1, 18-30 p.
Keyword [en]
Investor sentiment, Stock market, Returns, Google search volume, Market attention
National Category
Business Administration
Identifiers
URN: urn:nbn:se:su:diva-112214DOI: 10.1080/15427560.2016.1133620ISI: 000372109500002OAI: oai:DiVA.org:su-112214DiVA: diva2:778441
Available from: 2015-01-10 Created: 2015-01-10 Last updated: 2017-12-05Bibliographically approved

Open Access in DiVA

No full text

Other links

Publisher's full text

Search in DiVA

By author/editor
Peltomäki, Jarkko
By organisation
Stockholm Business School
In the same journal
The journal of behavorial finance
Business Administration

Search outside of DiVA

GoogleGoogle Scholar

doi
urn-nbn

Altmetric score

doi
urn-nbn
Total: 341 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf