Earticle

초록

영어

This study investigates the causal relationship between stock trading volumes and the number of posts on online stock message boards. The study collected 100,000+ messages on 40 companies in KOSPI (Korea Composite Stock Price Index) from Naver and Paxnet, the most popular Korean online stock message boards. The data set is used to examine whether information on stock message boards influences market activities (e.g., trading volume) or vice versa. We first addressed the statistics for our data sets, and then proposed the Granger causality analysis model to capture the dynamic relationship between stock message boards and market activities. The results of this study will contribute to the IS and finance literature in that we show the causal relationship between stock trading volumes and the number of posts on stock message boards. The study further suggests that stock trading managers should carefully monitor information on stock message boards to understand stock market activities in advance.

목차

Abstract
 Introduction
 Literature Review
 Data & Methodology
  The Sample
  Statistics
  Methodology
 Future Plan
 References

저자

• HyunMo Kim [ School of Management, Kyung Hee University ]
• HoYoung Yoon [ School of Management, Kyung Hee University ]
• Ri So [ School of Management, Kyung Hee University ]
• JaeHong Park [ School of Management, Kyung Hee University ] Corresponding author

참고문헌