前沿市场的谷歌搜索强度与股票回报率：越南市场的证据

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2024-03-13 DOI:10.18559/ebr.2024.1.778

Dang Thi Viet Duc, Nguyen Thu Hoai, V. P. Nguyen, Dang Phong Nguyen, Nguyen Huong Anh, Ho Hong Hai

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引用次数: 0

摘要

本研究以2016年10月至2021年10月在越南前沿市场上市的股票为研究对象，通过模拟谷歌搜索强度与股票回报率之间的关系，探讨投资者注意力对股票交易的影响。研究有三项发现。首先，本研究证实了价格压力假说和注意力理论，即谷歌搜索强度会对股票回报率产生积极影响。其次，本研究表明，谷歌搜索强度对股价的影响是短暂的。正向影响出现在搜索的一周内，并在下一周发生逆转，尽管反向作用力并不强。第三，COVID-19 后的关系比 COVID-19 前的关系更稳健，说明冲击后，更多新的个人投资者进入市场，GSVI 对股票收益率的影响更强。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Google Search Intensity and Stock Returns in Frontier Markets: Evidence from the Vietnamese Market

The study investigates investor attention's impact on stock trading by modeling the relationship between Google search intensity and stock return with stocks listed in frontier markets in Vietnam from October 2016 to October 2021. The study has three findings. First, the study confirms the price pressure hypothesis and attention theory that Google search intensity positively affects stock returns. Second, this study indicates that the impact of Google search intensity on stock price is short. The positive effect is within the week of searching and reverses the following week, although the reverse force is not strong. Third, the relationship is more robust post than pre-COVID-19, suggesting that after a shock, more new individual investors enter the market, the impact of GSVI on stock return is stronger.

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.