Media Sentiment and International Asset Prices

Media Sentiment and International Asset Prices
Author :
Publisher : International Monetary Fund
Total Pages : 33
Release :
ISBN-10 : 9781484389218
ISBN-13 : 1484389212
Rating : 4/5 (212 Downloads)

Book Synopsis Media Sentiment and International Asset Prices by : Samuel P. Fraiberger

Download or read book Media Sentiment and International Asset Prices written by Samuel P. Fraiberger and published by International Monetary Fund. This book was released on 2018-12-10 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: We assess the impact of media sentiment on international equity prices using more than 4.5 million Reuters articles published across the globe between 1991 and 2015. News sentiment robustly predicts daily returns in both advanced and emerging markets, even after controlling for known determinants of stock prices. But not all news-sentiment is alike. A local (country-specific) increase in news optimism (pessimism) predicts a small and transitory increase (decrease) in local returns. By contrast, changes in global news sentiment have a larger impact on equity returns around the world, which does not reverse in the short run. We also find evidence that news sentiment affects mainly foreign – rather than local – investors: although local news optimism attracts international equity flows for a few days, global news optimism generates a permanent foreign equity inflow. Our results confirm the value of media content in capturing investor sentiment.


Media Sentiment and International Asset Prices Related Books

Media Sentiment and International Asset Prices
Language: en
Pages: 33
Authors: Samuel P. Fraiberger
Categories: Business & Economics
Type: BOOK - Published: 2018-12-10 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

We assess the impact of media sentiment on international equity prices using more than 4.5 million Reuters articles published across the globe between 1991 and
Media Sentiment and International Asset Prices
Language: en
Pages: 33
Authors: Samuel P. Fraiberger
Categories: Business & Economics
Type: BOOK - Published: 2018-12-10 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

We assess the impact of media sentiment on international equity prices using more than 4.5 million Reuters articles published across the globe between 1991 and
Media Sentiment and International Asset Prices
Language: en
Pages:
Authors: Samuel P. Fraiberger
Categories:
Type: BOOK - Published: 2018 - Publisher:

DOWNLOAD EBOOK

Data Science for Economics and Finance
Language: en
Pages: 357
Authors: Sergio Consoli
Categories: Application software
Type: BOOK - Published: 2021 - Publisher: Springer Nature

DOWNLOAD EBOOK

This open access book covers the use of data science, including advanced machine learning, big data analytics, Semantic Web technologies, natural language proce
Asset Management
Language: en
Pages: 389
Authors: Stephen Satchell
Categories: Business & Economics
Type: BOOK - Published: 2016-09-20 - Publisher: Springer

DOWNLOAD EBOOK

This book presents a series of contributions on key issues in the decision-making behind the management of financial assets. It provides insight into topics suc