Browsing BI Research Centre's Series by Author "Høghaug Larsen, Vegard"
Now showing items 1-1 of 1
-
Asset returns, news topics and media effects
Høghaug Larsen, Vegard; Thorsrud, Leif Anders (CAMP;5, Working paper, 2017-09-19)We decompose the textual data in a daily Norwegian business newspaper into news topics and investigate their predictive and causal role for asset prices. Our three main findings are: (1) a one unit innovation in the news ...