impact of social Media and Google on stock Markets During a Pandemic: The Case of an Airline
Электронный научный архив УРФУ
Информация об архиве | Просмотр оригинала| Поле | Значение | |
| Заглавие |
impact of social Media and Google on stock Markets During a Pandemic: The Case of an Airline
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| Автор |
Nepp, A. N.
Dzhuraeva, Z. F. |
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| Тематика |
AIRLINES
ARDL ATTENTION TO COVID-19 ATTENTION TO RESTRICTIONS ATTENTION TO VACCINES COVID-19 GOOGLE TRENDS MG PMG RESTRICTIONS STOCK VOLATILITY VACCINES |
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| Описание |
The outbreak of the pandemic has dealt a tangible blow to the global economy, in particular by causing the collapse of stock markets. Most countries have taken measures to contain the coronavirus related to the restriction of human mobility. One of the main victims of such actions were airlines. In order to examine the direct and indirect effects of the pandemic, we investigated the long- and short-term effects on airline stock price volatility of the spread of coronavirus, social media attention to it, the vaccines against coronavirus and restrictive measures in relation to the pandemic.The ARDL model with MG and PMG estimates was applied after the preliminary stability tests for airlines in developed and developing countries. We analyzed the period of the greatest anti-COVID restrictions from 23 March 2020 to 23 March 2021. We reached the following conclusions. Firstly, the increase in the number of cases and deaths from COVID-19 was accompanied by a short-term increase in the volatility of airline stock prices. Secondly, Twitter’s increased focus on COVID-19-related restrictive measures and vaccines against it was accompanied by a short-term increase in airline stock price volatility. Thirdly, the increasing attention at Google on airline restrictions has been accompanied by the long-term effects of rising stock volatility. Our results demonstrate that with the spread of the Internet and social media, the impact of the pandemic on stock markets occurs not only through direct effects on the determinants of Solow’s economic growth model, but also through indirect effects of social media and the Internet on investor behavior through the formation of fear and hysteria in them. © Nepp А.N., Dzhuraeva Z.F., 2023.
Russian Foundation for Basic Research, РФФИ: 20–04–60158 The reported study was funded by the Russian Foundation for Basic Research under the scientific project No. 20–04–60158. Ural Federal University named after the first President of Russia B.N. Yeltsin, |
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| Дата |
2024-04-05T16:35:49Z
2024-04-05T16:35:49Z 2023 |
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| Тип |
Article
Journal article (info:eu-repo/semantics/article) |info:eu-repo/semantics/publishedVersion |
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| Идентификатор |
Nepp, A & Dzhuraeva, Z 2023, 'Влияние социальных сетей и Google на фондовые рынки в период пандемии: кейс авиакомпаний', Finance: Theory and Practice, Том. 27, № 5, стр. 128-139. https://doi.org/10.26794/2587-5671-2023-27-5-128-139
Nepp, A., & Dzhuraeva, Z. (2023). Влияние социальных сетей и Google на фондовые рынки в период пандемии: кейс авиакомпаний. Finance: Theory and Practice, 27(5), 128-139. https://doi.org/10.26794/2587-5671-2023-27-5-128-139 2587-5671 Final All Open Access, Gold https://www.scopus.com/inward/record.uri?eid=2-s2.0-85176302860&doi=10.26794%2f2587-5671-2023-27-5-128-139&partnerID=40&md5=bb855958e348fbd0b4d0e928e78b0460 https://financetp.fa.ru/jour/article/download/2401/1272 http://elar.urfu.ru/handle/10995/130941 54793771 10.26794/2587-5671-2023-27-5-128-139 85176302860 |
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| Язык |
en
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| Права |
Open access (info:eu-repo/semantics/openAccess)
cc-by https://creativecommons.org/licenses/by/4.0/ |
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| Формат |
application/pdf
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| Издатель |
Financial University under The Government of Russian Federation
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| Источник |
Finance: Theory and Practice
Finance: Theory and Practice |
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