Working paper
Social media, news media and the stock market
- Abstract:
-
We contrast the impact of traditional news media and social media coverage on stock market volatility and trading volume. We develop a theoretical model of asset pricing and information processing, which allows for both rational traders and a variety of commonly studied behavioral biases. The model yields several novel and testable predictions about the impact of news and social media on asset prices. We then test the model's theoretical predictions using a unique dataset which measures cover...
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- Publication status:
- Published
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Authors
Bibliographic Details
- Publisher:
- University of Oxford Publisher's website
- Series:
- Department of Economics Discussion Paper Series
- Publication date:
- 2016-10-12
- Paper number:
- Paper 805
Item Description
- Keywords:
- Pubs id:
-
679506
- Local pid:
- pubs:679506
- Deposit date:
- 2020-12-14
Terms of use
- Copyright date:
- 2016
- Rights statement:
- Copyright 2016 The Author(s)
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