Sentiment and hype of business media topics and stock market returns during the COVID-19 pandemic

被引：14
|
作者：
Biktimirov, Ernest N. [1 ]
Sokolyk, Tatyana [1 ]
Ayanso, Anteneh [1 ]
机构：
[1] Brock Univ, Goodman Sch Business, 1812 Sir Isaac Brock Way, St Catharines, ON L2S 3A1, Canada
来源：
JOURNAL OF BEHAVIORAL AND EXPERIMENTAL FINANCE | 2021年 / 31卷
关键词：
COVID-19; Media hype; Media sentiment; Stock market; Topic modeling; Text analytics; NEWS-SENTIMENT;
D O I：
10.1016/j.jbef.2021.100542
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
We examine COVID-19 related topics discussed in the printed edition of the Wall Street Journal. Using text analytics and topic modeling algorithms, we discover 15 distinct topics and present differences in their sentiment (polarity) and hype (intensity of coverage) trends throughout 2020. Importantly, the hype of the topic, not the sentiment, relates to stock market returns. In particular, the hype scores for Debt market and Financial markets have the strongest positive relation to the stock market performance. (C) 2021 Elsevier B.V. All rights reserved.
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页数：6
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