Title :
Media Coverage and Stock Return an Impulse Response Analysis
Author :
Kuei-Yuan Wang ; Chien-Kuo Chen ; Hsiao-Chi Wei
Author_Institution :
Dept. of Finance, Asia Univ., Taichung, Taiwan
Abstract :
This study utilized Vector Auto-regression method to investigate the impulse response effect. Our empirical results showed that the amount and signal of media coverage have impact on stock return. However, enterprises might release the fake news to attain some purposes. Hence, this study suggests that investors also should pay more attention to the truth of the media coverage while making the investment decisions.
Keywords :
investment; regression analysis; stock markets; transient response; vectors; impulse response analysis; investment decisions; media coverage; stock return; vector autoregression method; Educational institutions; Electronic mail; Finance; Media; Stock markets; Vectors; impulse response analysis; media coverage; stock return;
Conference_Titel :
Innovative Mobile and Internet Services in Ubiquitous Computing (IMIS), 2014 Eighth International Conference on
Conference_Location :
Birmingham
Print_ISBN :
978-1-4799-4333-3
DOI :
10.1109/IMIS.2014.83
