Where and about what? Price relevant narratives depend on topic and media type

Liu, Sha, Gaskell, Paul and McGroarty, Frank (2022) Where and about what? Price relevant narratives depend on topic and media type. Economics Letters, 213, [110363]. (doi:10.1016/j.econlet.2022.110363).

Record type: Article

Abstract

The role of traditional or social media-expressed tone on stock prices is nuanced. Negative tone of traditional media articles is much more likely to convey material information than web messages. Some topics, regardless of source, are unusually negative, causing fluctuations in investor sentiment and temporary price deviations.

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Accepted/In Press date: 4 February 2022

e-pub ahead of print date: 12 February 2022

Published date: April 2022

Additional Information: Funding Information: The authors thank Web Science Institute at University of Southampton for financial support and ChannelCreator for providing web data. Publisher Copyright: © 2022 Elsevier B.V.

Keywords: Investor sentiment, Negative tone, Social media, Textual analysis, Traditional media

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