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Conference Paper: Sentiment revealed in social media and its effect on the stock market

TitleSentiment revealed in social media and its effect on the stock market
Authors
KeywordsSocial media
stock market
sentiment
Issue Date2011
Citation
2011 IEEE Statistical Signal Processing Workshop (SSP 2011), Nice, France, 28-30 June 2011. In 2011 IEEE Statistical Signal Processing Workshop (SSP), 2011, p. 25-28 How to Cite?
AbstractThis paper investigates the extent to which sentiment revealed by traditional media and social media affects the stock market. We extract sentiment by conducting a textual analysis of articles published in the Wall Street Journal and Seeking Alpha, a popular social-media platform. We find that social-media sentiment associates strongly with contemporaneous and subsequent stock returns, even after controlling for traditional-media sentiment. The media effect is stronger for articles more closely followed by market participants and for companies mostly held by retail investors. Together, these findings point to the importance of social media as an additional channel through which views become reflected in the stock price. © 2011 IEEE.
Persistent Identifierhttp://hdl.handle.net/10722/267580
ISI Accession Number ID

 

DC FieldValueLanguage
dc.contributor.authorChen, H-
dc.contributor.authorDe, P-
dc.contributor.authorHu, YJ-
dc.contributor.authorHwang, BH-
dc.date.accessioned2019-02-22T04:08:25Z-
dc.date.available2019-02-22T04:08:25Z-
dc.date.issued2011-
dc.identifier.citation2011 IEEE Statistical Signal Processing Workshop (SSP 2011), Nice, France, 28-30 June 2011. In 2011 IEEE Statistical Signal Processing Workshop (SSP), 2011, p. 25-28-
dc.identifier.urihttp://hdl.handle.net/10722/267580-
dc.description.abstractThis paper investigates the extent to which sentiment revealed by traditional media and social media affects the stock market. We extract sentiment by conducting a textual analysis of articles published in the Wall Street Journal and Seeking Alpha, a popular social-media platform. We find that social-media sentiment associates strongly with contemporaneous and subsequent stock returns, even after controlling for traditional-media sentiment. The media effect is stronger for articles more closely followed by market participants and for companies mostly held by retail investors. Together, these findings point to the importance of social media as an additional channel through which views become reflected in the stock price. © 2011 IEEE.-
dc.languageeng-
dc.relation.ispartof2011 IEEE Statistical Signal Processing Workshop (SSP)-
dc.subjectSocial media-
dc.subjectstock market-
dc.subjectsentiment-
dc.titleSentiment revealed in social media and its effect on the stock market-
dc.typeConference_Paper-
dc.description.natureLink_to_subscribed_fulltext-
dc.identifier.doi10.1109/SSP.2011.5967675-
dc.identifier.scopuseid_2-s2.0-80052238350-
dc.identifier.spage25-
dc.identifier.epage28-
dc.identifier.isiWOS:000298377500007-

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