Wisniewski, Tomasz Piotr and Moro, Andrea
(2014).
| DOI (Digital Object Identifier) Link: | https://doi.org/10.1080/09638180.2014.884931 |
|---|---|
| Google Scholar: | Look up in Google Scholar |
Abstract
We use content analysis software to examine certain characteristics of communications arising from European Council meetings. These characteristics appear to explain a large proportion of variation in stock returns around the meeting dates. More specifically, stock market investors react favourably when the conclusions and declarations issued by heads of states convey a positive sentiment and demonstrate a stance of moral rectitude. On the other hand, the returns tend to be negative when the communications are obfuscated by an excessive use of abstract words and fixated on regional rather than global issues.
| Item Type: | Journal Item |
|---|---|
| Copyright Holders: | 2014 European Accounting Association |
| ISSN: | 1468-4497 |
| Academic Unit/School: | Faculty of Business and Law (FBL) > Business > Department for Accounting and Finance Faculty of Business and Law (FBL) > Business Faculty of Business and Law (FBL) |
| Item ID: | 55380 |
| Depositing User: | Tomasz Wisniewski |
| Date Deposited: | 12 Jun 2018 09:20 |
| Last Modified: | 07 Dec 2018 22:12 |
| URI: | http://oro.open.ac.uk/id/eprint/55380 |
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