COVID-19: Media coverage and financial markets behavior-A sectoral inquiry

被引：365

作者：

Haroon, Omair ^{[1
]}

Rizvi, Syed Aun R. ^{[1
]}

机构：

[1] Lahore Univ Management Sci LUMS, Suleman Dawood Sch Business, Lahore, Pakistan

来源：

JOURNAL OF BEHAVIORAL AND EXPERIMENTAL FINANCE | 2020年 / 27卷

关键词：

PUBLIC INFORMATION; STOCK; NEWS; DETERMINANTS; INTEGRATION; VOLATILITY; SENTIMENT; RISK;

D O I：

10.1016/j.jbef.2020.100343

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We analyze the relationship between sentiment generated by coronavirus-related news and volatility of equity markets. The ongoing coronavirus outbreak (COVID-19) resulted in unprecedented news coverage and outpouring of opinions in this age of swift propagation of information. Ensuing uncertainty in financial markets leads to heightened volatility in prices. We find that overwhelming panic generated by the news outlets are associated with increasing volatility in the equity markets. Our results for individual economic sectors demonstrate that panic-laden news contributed to a greater extent to volatility in the sectors perceived to be most affected by coronavirus outbreak. (C) 2020 Elsevier B.V. All rights reserved.

引用

页数：5

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