1. Twitter‘s happiness sentiment index impacts on financial markets: an integrated overview of empirical findings
- Author
-
Νikolaos A. Kyriazis
- Subjects
Organizational Behavior and Human Resource Management ,General Computer Science ,Strategy and Management ,Health, Toxicology and Mutagenesis ,Immunology ,General Medicine ,Toxicology ,Pollution ,Applied Microbiology and Biotechnology ,Microbiology ,General Biochemistry, Genetics and Molecular Biology ,Infectious Diseases ,Complementary and alternative medicine ,Management of Technology and Innovation ,Parasitology ,Business and International Management ,General Pharmacology, Toxicology and Pharmaceutics ,Cardiology and Cardiovascular Medicine ,Food Science - Abstract
This survey paper investigates the empirical findings of academic work that explores the nexus between the highly innovative Twitter happiness sentiment index and a range of financial assets. An integrated overview of econometric outcomes and the relevant investment policy implications are provided. It is revealed that investor happiness reinforces the safe haven abilities of gold. Moreover, major stock indices are highly influenced by the happiness index especially at higher quantiles. Reverse causality between the happiness index and stock indices is also detected but in a weaker level. This survey contributes to better understanding investment decisions based on behavioural finance and provides evidence about the nexus of investor sentiment estimation with the financial sector nowadays. JEL Classification numbers: G15, G40, Q02. Keywords: Investor happiness, Investor sentiment, Twitter, Survey, Gold, Stock prices.
- Published
- 2023