Do Twitter sentiments really effective on energy stocks? Evidence from the intercompany dependency

被引：0
|
作者：
Emrah Sitki Yilmaz
Asli Ozpolat
Mehmet Akif Destek
机构：
[1] Gaziantep University,Department of Accounting and Tax Applications
[2] Gaziantep University,Department of Management and Organization
[3] Gaziantep University,Department of Economics
来源：
Environmental Science and Pollution Research | 2022年 / 29卷
关键词：
Social media; Twitter; Energy sector; Stock prices;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
The study aims to examine the effects of social media activities on stock prices of the energy sector. In this respect, the sample covers the monthly period from 2015m6 to 2020m5 has been observed. Energy stocks as S&P 500 index (SP), stock market volatility index (VIX), trade-weighted USD index (USD), and Brent oil prices (OIL) have been used as independent variables. Accordingly, three different models have been created to analyze the link between returns, volatility and trading volume and Twitter sentiments by using Augmented Mean Group. As a result, we found that Twitter sentiment values have no significant impact on the returns and volatility of the companies. Tweets, on the other hand, appear to have a favorable impact on company trading volume values.
引用
收藏
页码：78757 / 78767
页数：10
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