Information demand during the COVID-19 pandemic
We investigate the demand for financial information during the initial months of the COVID-19 pandemic. Using Google search data for individual stocks,we show that the Abnormal Google Search Volume Index declined significantly between March and June of 2020. We find a similar effect around earnings...
| Autores: | , , |
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| Tipo de recurso: | artículo |
| Fecha de publicación: | 2021 |
| País: | España |
| Institución: | IE |
| Repositorio: | Repositorio IE |
| OAI Identifier: | oai:repositorio.ie.edu:20.500.14417/3052 |
| Acceso en línea: | https://doi.org/10.1016/j.jaccpubpol.2021.106917 https://hdl.handle.net/20.500.14417/3052 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85118537988&doi=10.1016%2fj.jaccpubpol.2021.106917&partnerID=40&md5=e5cdb8ffca94355f8c369d79639a7a0d |
| Access Level: | acceso abierto |
| Palabra clave: | COVID-19 Google search Information demand 53 Ciencias Económicas::5311 Organización y dirección de empresas ::5311.06 Estudio de mercados ODS 8 - Trabajo decente y crecimiento económico |
| Sumario: | We investigate the demand for financial information during the initial months of the COVID-19 pandemic. Using Google search data for individual stocks,we show that the Abnormal Google Search Volume Index declined significantly between March and June of 2020. We find a similar effect around earnings announcements dates,which confirms that the demand for financial information by retail investors declined during the pandemic. Our results are indicative of potentially important consequences for information diffusion,price discovery and market efficiency under extreme uncertainty. We discuss possible explanations for these results. © 2021 The Authors |
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