What threatens stock markets more - The coronavirus or the hype around it?

Publikation: Beitrag in FachzeitschriftForschungsartikelBeigetragenBegutachtung

Beitragende

Abstract

We use a linear regularized model with structural changes and found that the coronavirus pandemic had a direct and an indirect effect (via media hype) on stock markets. We reveal a correlation between internet search queries, discussions of the pandemic in the press and social media, and changes in stock market indices. We demonstrated that the effect of the pandemic coverage in digital and printed media and the effect of Google queries was comparable to, and sometimes even exceeded, the effect of the pandemic itself. We showed the effect of hype on the volume of Google queries and social media publications.

Details

OriginalspracheEnglisch
Seiten (von - bis)519-539
Seitenumfang21
Fachzeitschrift International review of economics & finance : IREF
Jahrgang2022
Ausgabenummer78
PublikationsstatusVeröffentlicht - März 2022
Peer-Review-StatusJa

Externe IDs

ORCID /0000-0002-8909-4861/work/149081761

Schlagworte

Schlagwörter

  • Covid-19, Hype, LASSO, Social media, Stock indexes

Bibliotheksschlagworte