Google searches and stock market activity: Evidence from Norway

By Neri Kim, K. Lučivjanská, Péter Molnár, Roviel Villa. Finance Research Letters, 2019

154 citations recorded by the source corpus.

We investigate whether Google searches can explain current and predict future abnormal returns, trading volume, and volatility of the largest companies listed on the Oslo Stock Exchange. Our results show that Google searches are neither correlated with contemporaneous nor able to predict future abnormal returns. However, increased Google searches predict increased volatility and trading volume. Altogether, Google searches are more related to future than current trading activity.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/5418150345e56379c5b72dcd63deec3fdd08bacc