Behavioural attention to financial indicators: Evidence from google trends data

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

Behavioural attention to financial indicators: Evidence from google trends data

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Behavioural attention to financial indicators: Evidence from google trends data

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

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OECD FORD obor

50206 - Finance

Projekt

<a href="/cs/project/GA16-26353S" target="_blank" >GA16-26353S: Sentiment a jeho vliv na akciové trhy</a><br>

Návaznosti

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

Rok uplatnění

2019

Kód důvěrnosti údajů

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

Název periodika

Finance a úvěr-Czech Journal of Economics and Finance

ISSN

0015-1920

e-ISSN

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Svazek periodika

69

Číslo periodika v rámci svazku

5

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

23

Strana od-do

440-462

Kód UT WoS článku

000496984700002

EID výsledku v databázi Scopus

2-s2.0-85075324331