Effect of twitter investor engagement on cryptocurrencies during the COVID-19 pandemic

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F23%3A39920760" target="_blank" >RIV/00216275:25410/23:39920760 - isvavai.cz</a>

Result on the web

<a href="https://www.sciencedirect.com/science/article/pii/S0275531922002367" target="_blank" >https://www.sciencedirect.com/science/article/pii/S0275531922002367</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.ribaf.2022.101850" target="_blank" >10.1016/j.ribaf.2022.101850</a>

Result language

angličtina

Original language name

Effect of twitter investor engagement on cryptocurrencies during the COVID-19 pandemic

Original language description

This study aims to examine whether the prices and returns of two cryptocurrencies, Dogecoin and Ethereum, are affected by Twitter engagement following the COVID-19 pandemic. We use the autoregressive integrated moving average with explanatory variables model to integrate the effects of investor attention and engagement on Dogecoin and Ethereum returns using data from December 31, 2020, to May 12, 2021. The results provide evidence supporting the hypothesis of a strong effect of Twitter investor engagement on Dogecoin returns; however, no potential impact is identified for Ethereum. These findings add to the growing evidence regarding the effect of social media on the cryptocurrency market and have useful implications for investors and corporate investment managers concerning investment decisions and trading strategies.

Czech name

—

Czech description

—

Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

—

OECD FORD branch

50206 - Finance

Project

<a href="/en/project/GA22-22586S" target="_blank" >GA22-22586S: Aspect-based sentiment analysis of financial texts for predicting corporate financial performance</a><br>

Continuities

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year

2023

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Research in International Business and Finance

ISSN

0275-5319

e-ISSN

1878-3384

Volume of the periodical

64

Issue of the periodical within the volume

January

Country of publishing house

NL - THE KINGDOM OF THE NETHERLANDS

Number of pages

13

Pages from-to

101850

UT code for WoS article

000913247800001

EID of the result in the Scopus database

2-s2.0-85145603310