We examine the cross-sectional predictive ability of the Refinitiv Environmental, Social and
Governance (ESG) score for returns in the foreign exchange market, using ESG scores …

Analyzing 48 foreign exchange (FX) rates and 1.2 million FX-related news articles over a 35-
year period, using digital textual analysis, we find that a currency reversal investment …

We develop a novel measure of US populist rhetoric. Aggregate Populist Rhetoric (APR)
Index spikes around populist events. We decompose the APR Index into sub-indices. We …

We investigate the predictive ability of financial integration attention for the cross-section of
currency returns. As Kahneman (1973) highlighted, attention is a scarce cognitive resource …

We focus on the role of social media as a high-frequency, unfiltered mass information
transmission channel and how its use for government communication affects the aggregate …

In an increasingly polarized political climate, understanding the sources that influence the
behavior of institutional actors is essential to understanding the outcomes and dynamics that …

" We propose the"" President reacts to news"" channel of stock returns by studying the
financial market impact of the Twitter account of the 45th president of the United States …

Abstract (EN) This dissertation consists of three essays, each examining distinct dimensions
of cross-sectional variation in exchange rate changes and currency returns conditional on …

This thesis consists of three chapters, in which I discuss how textual analysis can contribute
to the area of empirical asset pricing. In Chapter 2, I implement textual analysis based on …

High-frequency tweeting and market making after hours Page 1 High-frequency tweeting and
market making after hours Stefan Scharnowski1 1University of Mannheim Economics of …