Crash fears and stock market effects : evidence from web searches and printed news articles

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dc.contributor.authorNikkinen, Jussi
dc.contributor.authorPeltomäki, Jarkko
dc.contributor.departmentfi=Ei tutkimusalustaa|en=No platform|-
dc.contributor.facultyfi=Laskentatoimen ja rahoituksen yksikkö|en=School of Accounting and Finance|-
dc.contributor.organizationfi=Vaasan yliopisto|en=University of Vaasa|
dc.date.accessioned2020-02-28T06:59:31Z
dc.date.accessioned2025-06-25T12:30:56Z
dc.date.available2020-02-28T06:59:31Z
dc.date.issued2019-08-20
dc.description.abstractThe authors studied the complex relationship between information supply and demand using newspaper articles and web searches that reflect investors’ crash fears. They report that more web searches lead to more news, whereas more news does not have that effect on web search in the future. The authors show also that web searches have an immediate effect on stock market returns and the VIX implied volatility, whereas the effect of news articles lasts longer, up to 11 weeks. The results suggest collectively that the web searches related to market crashes lead both the printed news stories about market crashes.-
dc.description.reviewstatusfi=vertaisarvioitu|en=peerReviewed|-
dc.format.bitstreamtrue
dc.format.contentfi=kokoteksti|en=fulltext|-
dc.format.extent12-
dc.format.pagerange1-12-
dc.identifier.olddbid11569
dc.identifier.oldhandle10024/10607
dc.identifier.urihttps://osuva.uwasa.fi/handle/11111/367
dc.identifier.urnURN:NBN:fi-fe202002286807-
dc.language.isoeng-
dc.publisherTaylor & Francis-
dc.relation.doi10.1080/15427560.2019.1630125-
dc.relation.ispartofjournalJournal of behavioral finance-
dc.relation.issn1542-7579-
dc.relation.issn1542-7560-
dc.relation.urlhttps://doi.org/10.1080/15427560.2019.1630125-
dc.rightsCC BY-NC-ND 4.0-
dc.source.identifierhttps://osuva.uwasa.fi/handle/10024/10607
dc.subjectcrash fear-
dc.subjectvolatility-
dc.subjectinformation supply and demand-
dc.subjectweb search-
dc.subject.disciplinefi=Laskentatoimi ja rahoitus|en=Accounting and Finance|-
dc.titleCrash fears and stock market effects : evidence from web searches and printed news articles-
dc.type.okmfi=A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä|en=A1 Peer-reviewed original journal article|sv=A1 Originalartikel i en vetenskaplig tidskrift|-
dc.type.publicationarticle-
dc.type.versionpublishedVersion-

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