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Publication Detailed Description
Journal Title
IIMB Management Review
Year (definitive publication)
2020
Language
English
Country
United States of America
More Information
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Abstract
This study sought to confirm whether Internet search-based data have the potential both
to reveal populations’ underlying beliefs directly and to affect stock markets of
countries – in this case, Portugal. Based on the Internet search volume of several queries
related to household concerns, we constructed two Google-based sentiment measures
encompassing both positive and negative search terms. The results reveal that both
measures are correlated with aggregate stock market returns, trading volume and
abnormal trading volume. The results contribute to the literature by highlighting the
different roles of positive and negative sentiment in stock market activity
Acknowledgements
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Keywords
Investor sentiment,Search-based data,Stock market,Portugal
Fields of Science and Technology Classification
- Economics and Business - Social Sciences
Funding Records
| Funding Reference | Funding Entity |
|---|---|
| UID/GES/00315/2013 | Fundação para a Ciência e a Tecnologia |
