Work

Googling Investor Sentiment around the World

Year: 2019

Type: article

Abstract: We study how investor sentiment affects stock prices around the world. Relying on households’ Google search behavior, we construct a weekly measure of sentiment for 38 countries during 2004–2014. We validate the sentiment index in tests using sports outcomes and show that the sentiment measure is a contrarian predictor of country-level market returns. Furthermore, we document an important role of global sentiment in stock markets.

Source: Journal of Financial and Quantitative Analysis

DOI: 10.1017/s0022109019000061

Authors: Zhenyu Gao, Haohan Ren, Bohui Zhang

Institutions: Chinese University of Hong Kong, Fudan University

Language: English

Topic: Financial Markets and Investment Strategies

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W2910997262

FWCI: 24.55

Cites: 70

Cited by: 182

Related to: 10