Economics and Business Review

ISSN 2392-1641
e-ISSN 2450-0097

Poznań University of Economics - Poland

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Volume 2 (16) Number 3 pp. 57-77

Karl Shutes1, Karen McGrath2, Piotr Lis1, Robert Riegler1

1School of Economics, Finance & Accounting, Coventry University, UK
2
Mays Business School, Texas A&M University, USA

Twitter and the US stock market: The influence of micro‑bloggers on share prices

Abstract:

With the increased interest in social media over recent years, the role of information disseminated through avenues such as Twitter has become more widely perceived. This paper examines the mention of stocks on the US markets (NYSE and NASDAQ) by a number of financial micro-bloggers to establish whether their posts are reflected in price movements. The Twitter feeds are selected from syndicated and nonsyndicated
authors. A substantial number of tweets were linked to the price movements of the mentioned assets and an event study methodology was used to ascertain whether these mentions carry any significant information or whether they are merely noise.

pub/2016_3_57.pdf Full text available in in Adobe Acrobat format:
http://www.ebr.edu.pl/volume16/issue3/2016_3_57.pdf
Keywords: Twitter, social network, social media, financial markets, event studies, information

DOI: 10.18559/ebr.2016.3.5

For citation:

MLA Shutes, Karl, et al. "Twitter and the US stock market: The influence of micro‑bloggers on share prices." Economics and Business Review EBR 16.3 (2016): 57-77. DOI: 10.18559/ebr.2016.3.5
APA Shutes, K., McGrath, K., Lis, P., & Riegler, R. (2016). Twitter and the US stock market: The influence of micro‑bloggers on share prices. Economics and Business Review EBR 16(3), 57-77 DOI: 10.18559/ebr.2016.3.5
ISO 690 SHUTES, Karl, et al. Twitter and the US stock market: The influence of micro‑bloggers on share prices. Economics and Business Review EBR, 2016, 16.3: 57-77. DOI: 10.18559/ebr.2016.3.5