Academic Journal

Did Hard Facts or Journalistic Opinion Predict Stock Prices During the COVID-19 Pandemic?

Λεπτομέρειες βιβλιογραφικής εγγραφής
Τίτλος: Did Hard Facts or Journalistic Opinion Predict Stock Prices During the COVID-19 Pandemic?
Συγγραφείς: Wisniewski, T.P., Shaker, E.
Έτος έκδοσης: 2026
Συλλογή: The Open University: Open Research Online (ORO)
Περιγραφή: Using automated content analysis, we measure the tone of Covid-related newspaper articles. This tone, unlike the actual Covid mortality statistics, appears to predict future stock returns in the United States and the United Kingdom. It is debatable, however, to what degree such findings should be viewed as a manifestation of investors’ irrationality. This is because our media optimism index appears to be a reliable prognosticator of the number of coronavirus deaths and the future growth in industrial production. Clearly, in this case, journalistic news coverage was forward-looking and informative to stock market participants.
Τύπος εγγράφου: article in journal/newspaper
Περιγραφή αρχείου: application/pdf
Γλώσσα: English
Relation: https://oro.open.ac.uk/109631/1/paper%20oro.pdf; https://oro.open.ac.uk/109631/8/1-s2.0-S1059056026003862-main.pdf; Wisniewski, T.P. and Shaker, E. (2026). Did Hard Facts or Journalistic Opinion Predict Stock Prices During the COVID-19 Pandemic? International Review of Economics and Finance, 108, article no. 105273.
Διαθεσιμότητα: https://oro.open.ac.uk/109631/
https://oro.open.ac.uk/109631/1/paper%20oro.pdf
Rights: cc_by_4
Αριθμός Καταχώρησης: edsbas.2E5206F5
Βάση Δεδομένων: BASE
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