Zobrazit minimální záznam

dc.contributor.authorStejskalová, Jolana
dc.date.accessioned2022-01-29T01:02:20Z
dc.date.available2022-01-29T01:02:20Z
dc.date.issued2017
dc.identifier43914215
dc.identifier.issn1211-8516 Sherpa/RoMEO, JCR
dc.identifier.urihttps://repozitar.mendelu.cz/xmlui/handle/20.500.12698/1473
dc.description.abstractWe approach to point out new direction of measurement the attention of the news related to changes in taxes by using the application Google Trends. The objective of the study is to extend literature that investigates the impact of the information's search intensity provided by Google Trends on capital market. We show that increasing attention on tax changes measured by Google search decrease stock prices of the US companies listed on NASDAQ. Moreover, we focus on abnormal Google searches related to particular shocks. The study investigates the positive relationship between attention to news about tax changes and stock prices in a specific year. The cross-sectional analysis employs data from 2004 and 2005. At that time, President George Bush enacted tax breaks for overseas corporate profits, which had a great impact on search intensity within the period. Additionally, we differentiate between market capitalisation by using the dummy variables to put on the role changes of probability on selected datasets. The results confirmed higher impact of attention on large cap companies and point out the importance of sentiment analysis at liquid markets.en
dc.format2113-2121
dc.publisherMendelova univerzita v Brně
dc.relation.ispartofActa Universitatis Agriculturae et Silviculturae Mendelianae Brunensis
dc.relation.urihttps://doi.org/10.11118/actaun201765062113
dc.rightsCC BY-NC-ND 4.0
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subjectCapitalisationen
dc.subjectCorporate taxen
dc.subjectGoogle trendsen
dc.subjectSearch intensityen
dc.subjectSentimenten
dc.subjectStock priceen
dc.subjectTax burdenen
dc.titleThe impact of attention to news about tax changes on the stock marketen
dc.typeJ_ČLÁNEK
dc.date.updated2022-01-29T01:02:20Z
dc.description.versionOA
local.identifier.doi10.11118/actaun201765062113
local.identifier.scopus2-s2.0-85038842618
local.number6
local.volume65
local.identifier.obd43914215
local.identifier.e-issn2464-8310
dc.project.IDGA16-26353S
dc.project.IDSentiment a jeho vliv na akciové trhy
dc.identifier.orcidStejskalová, Jolana 0000-0002-3777-2560
local.contributor.affiliationPEF


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Zobrazit minimální záznam

CC BY-NC-ND 4.0
Kromě případů, kde je uvedeno jinak, licence tohoto záznamu je CC BY-NC-ND 4.0