Cryptocurrency is gaining popularity worldwide, with some countries already starting to regulate and accept cryptocurrency in their financial services. Malaysia’s Securities Commission (SC) announced in October 2021 that over MYR 16 billion (USD 3.85 billion) involving digital assets and...

An understanding of volatility in stock markets is important for determining the cost of capital and for assessing investment and leverage decisions as volatility is synonymous with risk. Substantial changes in volatility of financial markets are capable of having significant negative effects on...

This paper empirically examines the link between negative social media sentiments (SMS) and firm risk, measured by total risk. Using a sample of Fortune 500 firms from 2010 to 2017, we find that negative SMS is impactful on firm total risk. In addition, we consider the effect of corporate social...