Google Search, News, and Stock Market Return in Indonesian Stock Market
- DOI
- 10.2991/aebmr.k.211117.029How to use a DOI?
- Keywords
- Asset Pricing; Investor Attention; Google Search; News Headline; Abnormal Stock Return
- Abstract
This study investigates the effect of internet search and news headline on explaining abnormal return of 425 non-financial companies listed on Indonesia Stock Exchange from 2015 to 2019. Investor attention is measured by internet search volume from Google Trend. Market news is gathered from free online news publisher, Bisnis Indonesia. Panel data regression results show that while the probability is not high, daily internet search and news can consistently explain today’s abnormal return and can be associated with higher abnormal return; this effect can be better observed on smaller companies and when company’s ticker code is not ambiguous.
- Copyright
- © 2021 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article under the CC BY-NC license.
Cite this article
TY - CONF AU - Aditya Firmansyah AU - Zaafri Ananto Husodo PY - 2021 DA - 2021/11/23 TI - Google Search, News, and Stock Market Return in Indonesian Stock Market BT - Proceedings of the Seventh Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2021) PB - Atlantis Press SP - 9 EP - 15 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.211117.029 DO - 10.2991/aebmr.k.211117.029 ID - Firmansyah2021 ER -