Internet search intensity, liquidity and returns in emerging markets

Nguyen, Cuong; Hoang, Lai T.; Shim, Jungwook; Truong, Phuong

doi:10.1016/j.ribaf.2019.101166

Cited by 11 publications

(13 citation statements)

References 27 publications

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“…A study by Osarumwense using Nigerian data (2020) concluded that GSVI is not a driving factor for stock price movements and has no interaction with earnings, volume, and volatility when determining price dynamics. Studies by C. Nguyen et al (2020) and C. P. Nguyen et al (2019) classified Vietnam as an emerging market, although MSCI (2022) classified Vietnam as a frontier market. Conclusions about the effect of investor attention on stock returns in the Vietnam market differ between the two groups of authors.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Several studies on the relationship between investor attention expressed through GSVI and the stock market were conducted for single markets (Ekinci & Bulut, 2021;C. Nguyen et al, 2020;Swamy & Munusamy, 2019) or expanded to an international level (Akarsu & Süer, 2021;Chen, 2017;Tantaopas et al, 2016).…”

Section: Introductionmentioning

confidence: 99%

“…Second, studies on the relationship between investor attention and price movements in frontier markets have not reached a consensus of conclusions. For example, both C. P. Nguyen et al (2019) and C. Nguyen et al (2020) use data from the Vietnamese market to find the relationship between GSVI and stock return. However, while C. Nguyen et al (2020) concluded a positive relationship between these two variables, C. P. Nguyen et al (2019) proved the relationship in the opposite direction.…”

Section: Introductionmentioning

confidence: 99%

“…For example, both C. P. Nguyen et al (2019) and C. Nguyen et al (2020) use data from the Vietnamese market to find the relationship between GSVI and stock return. However, while C. Nguyen et al (2020) concluded a positive relationship between these two variables, C. P. Nguyen et al (2019) proved the relationship in the opposite direction. Another study by Osarumwense (2020) shows that investor attention does not impact stock returns in the Nigerian market.…”

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Google Search Intensity and Stock Returns in Frontier Markets: Evidence from the Vietnamese Market

Duc,

Hoai,

Nguyen

et al. 2024

EBR

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The study investigates investor attention's impact on stock trading by modeling the relationship between Google search intensity and stock return with stocks listed in frontier markets in Vietnam from October 2016 to October 2021. The study has three findings. First, the study confirms the price pressure hypothesis and attention theory that Google search intensity positively affects stock returns. Second, this study indicates that the impact of Google search intensity on stock price is short. The positive effect is within the week of searching and reverses the following week, although the reverse force is not strong. Third, the relationship is more robust post than pre-COVID-19, suggesting that after a shock, more new individual investors enter the market, the impact of GSVI on stock return is stronger.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Google Search Intensity and Stock Returns in Frontier Markets: Evidence from the Vietnamese Market

Duc,

Hoai,

Nguyen

et al. 2024

EBR

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“…In recent decades, the internet's development has fastened liquidity flow 39,40 , creating new complex investment forms 41 . In this way, it has deepened financial education contributions to stock market participation 42 , retirement planning 43 , and investment efficiency 44 .…”

Section: Literature Review 21 Financial Education Effectsmentioning

confidence: 99%

The General Financial Education in China: Evidence From Ratio of Undergraduate Financial Education Majors in Universities

Nan¹

2021

TSSJ

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Since the development of electronic money, the complex financial situation has raised the importance of financial education. This study focuses on universities' undergraduate financial field education coverage, which helps estimate citizens' overall financial knowledge situation for most undergraduate universities, focusing on learning the general field knowledge that is similar to primary financial thought. The study shows a low concentration of financial education majors among universities; even though the available number of majors in all universities is low, the coverage rate of financial education majors towards universities is higher than initially thought. The results point out specific majors that are worth investing in accumulating financial education in China.

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Investor Attention and Stock Liquidity in the Chinese Market

Zhao,

Zhang

2024

Int Adv Econ Res

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Internet search intensity, liquidity and returns in emerging markets

Cited by 11 publications

References 27 publications

Google Search Intensity and Stock Returns in Frontier Markets: Evidence from the Vietnamese Market

Google Search Intensity and Stock Returns in Frontier Markets: Evidence from the Vietnamese Market

The General Financial Education in China: Evidence From Ratio of Undergraduate Financial Education Majors in Universities

Investor Attention and Stock Liquidity in the Chinese Market

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