How information technologies shape investor sentiment: A web-based investor sentiment index
This paper proposes a new investor sentiment indicator that combines the use of principal component analysis with web searches. This proposal provides economic meaning to the underlying variables, a sound factor structure, and reduces the noise regarding to web searches, when compared to standard se...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2019-06-01
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| Series: | Borsa Istanbul Review |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2214845018303569 |