2019
DOI: 10.1111/eufm.12245
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Social media bots and stock markets

Abstract: This study examines the link between information spread by social media bots and stock trading. Based on a large sample of tweets mentioning 55 companies in the FTSE 100 composites, we find significant relations between bot tweets and stock returns, volatility, and trading volume at both daily and intraday levels. These results are also confirmed by an event study of stock response following abnormal increases in the volume of tweets. The findings are robust to various specifications, including controlling for… Show more

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Cited by 49 publications
(27 citation statements)
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References 58 publications
(75 reference statements)
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“…Leitch and Sherif (2017) constructed a Twitter sentiment score to forecast stock returns for the firms. Many recent researches have also established that the user generated content on the social media has a significant influence on the movements in the stock markets (Fan et al, 2020a(Fan et al, , 2020bvan Dieijen et al, 2020).…”
Section: Literature Reviewmentioning
confidence: 99%
“…Leitch and Sherif (2017) constructed a Twitter sentiment score to forecast stock returns for the firms. Many recent researches have also established that the user generated content on the social media has a significant influence on the movements in the stock markets (Fan et al, 2020a(Fan et al, , 2020bvan Dieijen et al, 2020).…”
Section: Literature Reviewmentioning
confidence: 99%
“…Discussion. From the distribution polygons, it can be seen that there is a relationship between: L2 = f (L1); L5 = f (L3) and L4 = f (G) per general secondary education per secondary school student, which shows direct regression with an increase per unit L1, L2 increases by 0.59 units [9][10][11][12]. From line number 2 in table.…”
Section: Resultsmentioning
confidence: 88%
“…07), we examine L7, L9, and L10 for the correlability with each other. The results are presented in Table 02 (Dvouletý et al, 2019;Fan et al, 2020).…”
Section: Resultsmentioning
confidence: 99%