Journalists and the Stock Market

By Casey Dougal, Joseph E. Engelberg, Diego García, Christopher A. Parsons. 2012

460 citations recorded by the source corpus.

Subfields: Communication, Sociology and Political Science, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/680843fadb3e9117e91bc798153dcbf8ab01e7a8

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Citations in the corpus

Macro fundamentals or geopolitical events? A textual analysis of news events for crude oil (2019, background): “Most work in this literature deals either with the general equity market and aggregate news about equities and the economy (Dougal et al., 2012) or with the cross-section of firms and firm specific news such as mergers and acquisitions, product launches, or earnings announcements (see, for example,…”
Rumor Has It: Sensationalism in Financial Media (2015, background): “Dougal et al. (2012) show that the identity of the authors of a popular Wall Street Journal column helps to predict next-day market returns.”
Intraday online investor sentiment and return patterns in the U.S. stock market (2017, methodology): “…used in the literature to measure sentiment in articles published in traditional media (Tetlock, 2007; Tetlock et al., 2008; Engelberg et al., 2012; Dougal et al., 2012; Garcia, 2013), textual sentiment analysis of user-generated content published on the Internet mainly relies on machine learning…”
Capital market effects of media synthesis and dissemination: evidence from robo-journalism (2017, unknown): “Dougal et al. (2012) and Gurun and Butler (2012) find evidence that media bias can affect investor sentiment and trading.”
Media Makes Momentum (2014, background): “Arguably, while the Loughran and McDonald (2011) procedure to measure article tone can be considered as state of the art, any attempt to quantify article content is likely to be crude and sometimes incomplete, a point that is expressed by others as well (e.g. Dougal et al. (2012)).”
Media Sentiment and IPO Underpricing (2017, unknown): “…literature (Pollock and Rindova, 2003; Tetlock, 2007; Pollock et al., 2008; Bhattacharya et al., 2009; Tetlock, 2011; Engelberg and Parsons, 2011; Dougal et al., 2012; Solomon, 2012; Garcia, 2013; Chahine et al. 2015; Ahmad et al. 2016) that looks at the relationship between media and finance…”
Quantifying Sentiment with News Media across Local Housing Markets (2018, background): “Dougal et al. (2012) provide further causal evidence of financial media influencing subsequent investor behavior and stock market returns.”