Behavioural attention to financial indicators: Evidence from google trends data

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F19%3A43916732" target="_blank" >RIV/62156489:43110/19:43916732 - isvavai.cz</a>
Result on the web
<a href="http://journal.fsv.cuni.cz/storage/1446_440_462_stejskalova_final_issue_5_2019.pdf" target="_blank" >http://journal.fsv.cuni.cz/storage/1446_440_462_stejskalova_final_issue_5_2019.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Behavioural attention to financial indicators: Evidence from google trends data
Original language description
We investigate the link between stock returns, market risks, financial indicators and behavioural attention, which represents supply and demand for the selected assets. We assume that behavioural attention represents actions emphasising the importance of information followed by information-selection behaviour. Using a rich dataset of 100 US stocks we show the impact of financial ratios along with indicators related to dividends on stock returns. Moreover, we find evidence that stock returns are influenced by behavioural attention based on the level of search intensity. The results show that behavioural attention to stock (share) prices is positively associated with stock returns, attention varies across the sectors and during the financial crisis, attention began to be significant.
Czech name
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Czech description
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Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50206 - Finance

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)

Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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