网络关注度和情绪会影响加密货币的相关性吗？

IF 6.3 2区经济学 Q1 BUSINESS, FINANCE

Research in International Business and Finance Pub Date : 2024-08-01 DOI:10.1016/j.ribaf.2024.102488

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引用次数: 0

摘要

本文采用多功能条件相关性方法来探讨主要加密货币的每日季节性。鉴于该市场缺乏明确的基本面价值以及投资者的在线活跃度，本研究还将加密货币的交叉相关性与在线市场关注度和情绪联系起来。我们的研究结果突出表明，虽然投资者关注度有积极影响，但情绪对相关性的负面影响要大得多。这些发现可以为投资者和监管机构提供有趣的见解，因为市场关注度和情绪对相关性的影响对投资组合多样化和市场稳定性具有重要意义。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

Do online attention and sentiment affect cryptocurrencies’ correlations?

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Do online attention and sentiment affect cryptocurrencies’ correlations?

This paper adopts a versatile conditional correlation approach to explore daily seasonality in the major cryptocurrencies. Given the lack of clear fundamental value in this market and the active online profile of investors, the study also relates cryptocurrency cross-correlations to online market attention and sentiment. Our results highlight that while investor attention has a positive effect, sentiment has a much stronger negative impact on the correlations. These findings can offer interesting insights for investors and regulators, as the influence of market attention and sentiment on the correlations has important implications for portfolio diversification and market stability.

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来源期刊

Research in International Business and Finance BUSINESS, FINANCE-

CiteScore

11.20

自引率

9.20%

发文量

240

期刊介绍： Research in International Business and Finance (RIBAF) seeks to consolidate its position as a premier scholarly vehicle of academic finance. The Journal publishes high quality, insightful, well-written papers that explore current and new issues in international finance. Papers that foster dialogue, innovation, and intellectual risk-taking in financial studies; as well as shed light on the interaction between finance and broader societal concerns are particularly appreciated. The Journal welcomes submissions that seek to expand the boundaries of academic finance and otherwise challenge the discipline. Papers studying finance using a variety of methodologies; as well as interdisciplinary studies will be considered for publication. Papers that examine topical issues using extensive international data sets are welcome. Single-country studies can also be considered for publication provided that they develop novel methodological and theoretical approaches or fall within the Journal''s priority themes. It is especially important that single-country studies communicate to the reader why the particular chosen country is especially relevant to the issue being investigated. [...] The scope of topics that are most interesting to RIBAF readers include the following: -Financial markets and institutions -Financial practices and sustainability -The impact of national culture on finance -The impact of formal and informal institutions on finance -Privatizations, public financing, and nonprofit issues in finance -Interdisciplinary financial studies -Finance and international development -International financial crises and regulation -Financialization studies -International financial integration and architecture -Behavioral aspects in finance -Consumer finance -Methodologies and conceptualization issues related to finance