Does news tone help forecast oil? In this paper, we study the relationship between news tone and crude oil prices and evaluate the role news tone plays in the ability to forecast oil prices. Specifically, we use the oil-specific dictionary and the approach proposed in the study of Loughran, as...

This paper investigates the role, if any, played by the social media platform Reddit, in the events around the GameStop short squeeze in early 2021. In particular, we analyse the impact of discussions on the r/WallStreetBets subreddit on the price dynamics of the American online retailer...

We develop and make available a new Cryptocurrency Uncertainty Index (UCRY) based on news coverage. Our UCRY Index captures two types of the uncertainty: cryptocurrency price uncertainty (UCRY Price) and cryptocurrency policy uncertainty (UCRY Policy). We show that the constructed index has...

Cryptocurrencies have been broadly scrutinised in recent times for a host of concerning regulatory and cybercriminality issues. Although steps have been taken to promote regulatory sufficiency in the near future, we examine the avenues through which this extremely high-risk industry can derive...

Finance, and finance research, is a globalised enterprise. We examine whether or not the representation of editors at leading finance journals is equally globalised. Using data on the affiliation of editorial board members of journals ranked by the ABS as being 4*, 4 and 3 we provide a first...

We analyze the relationship between the price volatility of a broad range of cryptocurrencies and that of implied volatility of both United States and European financial markets as measured by the VIX and VSTOXX respectively. Overall, our results indicate the existence of time-varying positive...

To promote the benign development of China's power industry in terms of efficiency improvement and environmental protection, China's power industry needs to ameliorate the market and environmental technical efficiency urgently. Based on the internal mechanism of production-supply in power...

This paper measures China’s daily and monthly climate policy uncertainty (CPU) from Jan 2000 to Mar 2022 based on Chinese news data for the first time. Then, the nonlinear and lag impacts of the US CPU and China’s CPU on the return, volatility, correlation and tail dependence of China’s...

In this paper, we estimate an asymmetric frequency TVP-VAR frequency connectedness model and further employ aggregated connectedness measures in order to identify whether cryptocurrencies drive investor sentiment. We find pronounced and time-varying interconnectedness within the cryptocurrency...

This study focuses on economic turmoil in the UK between 06 September and 19 October 2022 consequent on a “mini budget” announced by the then Chancellor. Contrary to pre-announcement growth expectations, UK firms lost about 0.56% in daily excess returns and £1.60 million in market value....