Media abnormal tone, earnings announcements, and the stock market
نویسندگان
چکیده
We conduct a tone-based event study to examine the aggregate abnormal tone dynamics in media articles around earnings announcements. test whether they convey incremental information that is useful for price discovery nonfinancial S&P 500 firms. The relation we find between and returns suggests provide relative contained press releases calls.
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ژورنال
عنوان ژورنال: Journal of Financial Markets
سال: 2022
ISSN: ['1386-4181', '1878-576X']
DOI: https://doi.org/10.1016/j.finmar.2021.100683