- -

Donald Trump, investor attention and financial markets

RiuNet: Institutional repository of the Polithecnic University of Valencia

Share/Send to

Cited by

Statistics

Donald Trump, investor attention and financial markets

Show simple item record

Files in this item

dc.contributor.author Gehde-Trapp, Monika es_ES
dc.contributor.author Mohapatra, Tapas es_ES
dc.date.accessioned 2020-07-28T09:19:11Z
dc.date.available 2020-07-28T09:19:11Z
dc.date.issued 2020-06-30
dc.identifier.isbn 9788490488324
dc.identifier.uri http://hdl.handle.net/10251/148770
dc.description.abstract [EN] Information attracts attention but attention is costly. Social media has been at the forefront of information dissipation due to the sheer number of users propagating information in a fast but cheap way. We look into one specific case where Donald Trump’s tweets on companies have had an effect on retail investors whose only source of information is internet. We find that retail investor attention spikes as indicated by surge in Google Search Volume Index following Donald Trump’s tweets, irrespective of the tone in the tweet. We also find that Trump’s tweets result in retail investors selling off stock when retail investor attention is low: retail investors sell stocks, and institutional investors buy them at later date. Finally, we analyze the daily abnormal returns of the stocks following the tweets and find that attention and tone of the tweet are opposing factors when determining abnormal returns following the tweet. es_ES
dc.language Inglés es_ES
dc.publisher Editorial Universitat Politècnica de València es_ES
dc.rights Reconocimiento - No comercial - Sin obra derivada (by-nc-nd) es_ES
dc.subject Web data es_ES
dc.subject Internet data es_ES
dc.subject Big data es_ES
dc.subject Qca es_ES
dc.subject Pls es_ES
dc.subject Sem es_ES
dc.subject Conference es_ES
dc.subject Investor’s attention es_ES
dc.subject Twitter es_ES
dc.subject Retail Investors es_ES
dc.subject Trading es_ES
dc.subject Google SVI es_ES
dc.subject Donald Trump es_ES
dc.title Donald Trump, investor attention and financial markets es_ES
dc.type Capítulo de libro es_ES
dc.type Comunicación en congreso es_ES
dc.identifier.doi 10.4995/CARMA2020.2020.11654
dc.rights.accessRights Abierto es_ES
dc.description.bibliographicCitation Gehde-Trapp, M.; Mohapatra, T. (2020). Donald Trump, investor attention and financial markets. Editorial Universitat Politècnica de València. https://doi.org/10.4995/CARMA2020.2020.11654 es_ES
dc.description.accrualMethod OCS es_ES
dc.relation.conferencename CARMA 2020 - 3rd International Conference on Advanced Research Methods and Analytics es_ES
dc.relation.conferencedate Julio 08-09,2020 es_ES
dc.relation.conferenceplace Valencia, Spain es_ES
dc.relation.publisherversion http://ocs.editorial.upv.es/index.php/CARMA/CARMA2020/paper/view/11654 es_ES
dc.description.upvformatpinicio 307
dc.description.upvformatpfin 319
dc.type.version info:eu-repo/semantics/publishedVersion es_ES
dc.relation.pasarela OCS\11654 es_ES


This item appears in the following Collection(s)

Show simple item record