Das Google-Suchvolumen als Liquiditätsindikator des Aktienhandels: Evidenz aus dem weltweiten Agrarsektor
JOURNAL ARTICLE
Cite JOURNAL ARTICLE
Style
Format
Das Google-Suchvolumen als Liquiditätsindikator des Aktienhandels: Evidenz aus dem weltweiten Agrarsektor
Pöppe, Thomas | Schiereck, Dirk | Zielinski, Frank
Credit and Capital Markets – Kredit und Kapital, Vol. 47 (2014), Iss. 4 : pp. 611–640
3 Citations (CrossRef)
Additional Information
Article Details
Author Details
Dipl.-Wirtsch.-Inf. Thomas Pöppe, Technische Universität Darmstadt, Fachgebiet Unternehmensfinanzierung, Hochschulstr. 1, 64289 Darmstadt
Prof. Dr. Dirk Schiereck, Technische Universität Darmstadt, Fachgebiet Unternehmensfinanzierung, Hochschulstr. 1, 64289 Darmstadt
Frank Zielinski, Technische Universität Darmstadt, Hochschulstr. 1, 64289 Darmstadt
Cited By
-
Added Value von Behavioral-Finance-Fonds
Theoretische Begriffsanalyse des Behavioral-Finance-Fonds
Averbeck, Daniel
2018
https://doi.org/10.1007/978-3-662-55924-6_4 [Citations: 0] -
The Impact of Media Attention on the Illiquidity of Stocks: Evidence from the Global FinTech Sector
Gaar, Eduard | Moritz, Valentin | Schiereck, DirkCredit and Capital Markets – Kredit und Kapital, Vol. 54 (2021), Iss. 4 P.589
https://doi.org/10.3790/ccm.54.4.589 [Citations: 1] -
Ruhestandsplanung - Beratungsansatz für die Zielgruppe 50plus
Reine Investmentlösungen für Einkommen im Ruhestand
Schiereck, Dirk | Schmitz, Dirk2020
https://doi.org/10.1007/978-3-658-28444-2_8 [Citations: 0]
Abstract
Google Search Volume as Proxy for Liquidity in Equity Trading: Evidence from the Global Agriculture Sector
Investors rely increasingly on the internet for their information research, in parallel to the use of traditional news channels. Accordingly, country-specific empirical evidence demonstrates that internet search activity has predictive power over future trading volume of listed stocks. This study analyzes the relationship of search volume and trading activity for the first time on a global scale and focused on one specific industry sector. Search volume should proxy for investors" attention especially in those branches with less than average attention from the public. Hence, we study the global agricultural sector. The results indeed support our hypothesis. Google search volume is not only highly correlated with illiquidity and trading activity but also has the largest predictive power when compared to other liquidity proxies.