What drives stocks during the Corona-crash? News attention vs. rational expectation

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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.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.identifier.urihttp://hdl.handle.net/2003/39192
dc.identifier.urihttp://dx.doi.org/10.17877/DE290R-21110
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.dnb.depositfalsede
eldorado.secondarypublicationtruede
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
eldorado.secondarypublication.primaryidentifierhttps://doi.org/10.3390/su12125014de

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