Economic policy touches most facets of corporate decision-making and variations in policy can elicit significant changes in financial performance and asset prices. We utilise the EPU measure of Baker et al. (2016) to investigate the extent to which policy uncertainty influences Australian...

COVID-19 has had an immense impact on global stock markets, with no sector escaping its effects. Investor attention toward COVID-19 surged as the virus spread and its consequences imposed on everyday life. Using Google search volume (GSV) as a proxy for investor attention, our results show that...

The financial market response to the COVID-19 pandemic provides the first example of a market crash instigated by a health crisis. The crisis provides a unique setting in which to examine the market response to changes in investor attention. We utilise Google search volume (GSV) as a proxy for...

Motivated by the lure of cryptocurrencies for retail investors, whose concentrated holdings are particularly exposed to price crash risk, we study the relationship between investor attention and crash risk. Adopting a quantile regression approach, we find that the connection is concentrated in...