Our investigation evaluates the novel macroeconomic attention indices (MAI) of Fisher et
al.(2022) in terms of their ability to predict stock market returns based on dimension …

In the financial sector, alternatives to traditional datasets, such as financial statements and
Securities and Exchange Commission filings, can provide additional ways to describe the …

Abstract Using 1,287,932 pieces of textual data from news media, we measure the financial
market sentiment worldwide. We conduct the first international study of the effect of the …

Based on prospect and mindset theories, this study explores the joint effects of gain (vs.
loss) message framing and fixed (vs. growth) mindset on the “willingness of consumers to …

Asset returns change with fundamentals and other factors, such as technical information and
sentiment over time. In modeling time-varying expected returns, this article focuses on the …

This study explores the impact of Russia-Ukraine war and sanctions news sentiments
(RUWESsent) on global equity markets using three robust estimators. The quantile-on …

Traditional finance theory posits a positive risk–return relation, but empirical evidence is
inconclusive. Retail investor sentiment has long been viewed as a distorting factor, while …

In this paper, we examine the influence of the daily institutional investor attention to
particular stocks on stock volatility and liquidity. The institutional investor attention is …

This study examines the influence of the tone used by government-controlled media on the
stock prices of new energy firms. By applying BERT, a large language model, we quantify …

Studies of the Ramadan effect argue that higher stock returns in Muslim countries during
Ramadan relate to higher investor sentiment. However, Islamic countries rank low on the …