Google searches and stock market activity: Evidence from Norway
2018; Elsevier BV; Volume: 28; Linguagem: Inglês
10.1016/j.frl.2018.05.003
ISSN1544-6123
AutoresNeri Kim, Katarína Lučivjanská, Péter Molnár, Roviel Villa,
Tópico(s)Market Dynamics and Volatility
ResumoWe investigate whether Google searches can explain current and predict future abnormal returns, trading volume, and volatility of the largest companies listed on the Oslo Stock Exchange. Our results show that Google searches are neither correlated with contemporaneous nor able to predict future abnormal returns. However, increased Google searches predict increased volatility and trading volume. Altogether, Google searches are more related to future than current trading activity.
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