1. Eldorado
  2. Fakultäten
  3. 11 Fakultät Wirtschaftswissenschaften
  4. Professur Finance
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dc.contributor.authorEngelhardt, Nils-
dc.contributor.authorKrause, Miguel-
dc.contributor.authorNeukirchen, Daniel-
dc.contributor.authorPosch, Peter-
dc.date.accessioned2020-07-03T06:30:31Z-
dc.date.available2020-07-03T06:30:31Z-
dc.date.issued2020-06-19-
dc.identifier.urihttp://hdl.handle.net/2003/39192-
dc.identifier.urihttp://dx.doi.org/10.17877/DE290R-21110-
dc.description.abstractWe explore if the corona-crash 2020 was driven by news attention or rational expectations about the pandemic’s economic impact. Using a sample of 64 national stock markets covering 94% of the world’s GDP, we find the stock markets’ decline to be mainly associated with higher news attention and less with rational expectation. We estimate the economic cost from the news hype to amount to USD 3.5 trillion for the US and USD 200 billion on average for the rest of the G8 countries.en
dc.language.isoende
dc.relation.ispartofseriesSustainability;12(12)-
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/-
dc.subjectCorona-crashen
dc.subjectNews attentionen
dc.subjectInvestor expectationen
dc.subject.ddc330-
dc.titleWhat drives stocks during the Corona-crash? News attention vs. rational expectationen
dc.typeTextde
dc.type.publicationtypearticlede
dcterms.accessRightsopen access-
eldorado.secondarypublicationtruede
eldorado.secondarypublication.primaryidentifierhttps://doi.org/10.3390/su12125014de
eldorado.secondarypublication.primarycitationEngelhardt, N.; Krause, M.; Neukirchen, D.; Posch, P. What Drives Stocks during the Corona-Crash? News Attention vs. Rational Expectation. Sustainability 2020, 12, 5014.de
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