Social Media and Capital Markets. An Overview
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F16%3A43909845" target="_blank" >RIV/62156489:43110/16:43909845 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1016/j.sbspro.2016.05.470" target="_blank" >http://dx.doi.org/10.1016/j.sbspro.2016.05.470</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.sbspro.2016.05.470" target="_blank" >10.1016/j.sbspro.2016.05.470</a>
Alternative languages
Result language
angličtina
Original language name
Social Media and Capital Markets. An Overview
Original language description
A growing body of research and practical applications employ social media data as a proxy for complex behavior of a society. This paper provides an overview of academic research related to link between the social media and capital markets. Its theoretical rationale is predominantly defined by behavioral finance. Behavioral finance augments standard model of efficient markets and considers less rational factors like investors' sentiment or public mood as influential for asset pricing or capital market volatility. In this context, social media is a novel tool which enables to collect the data about such less rational factors at the level of a society. The paper introduces social media data from technical and economic point of view. Further, it contributes to the theoretical construction of the transmission mechanism between social media and capital markets currently missing in the literature. Subsequently, the paper summarizes the main findings in this field and outline its future prospects.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
<a href="/en/project/GA16-26353S" target="_blank" >GA16-26353S: Sentiment and its impact on stock markets</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Procedia - Social and Behavioral Sciences
ISBN
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ISSN
1877-0428
e-ISSN
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Number of pages
9
Pages from-to
70-78
Publisher name
Elsevier Science BV
Place of publication
Amsterdam
Event location
Brno
Event date
Mar 10, 2016
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000386948700009