Unraveling the Effects of Google Search on Volatility of Cryptocurrencies

Zhao Cai , Albert Fei Liu, Eric T. K. Lim, Chee-Wee Tan, Zhiqiang Zheng

Publikation: Bidrag til bog/antologi/rapportKonferencebidrag i proceedingsForskningpeer review

Resumé

Although cryptocurrencies have garnered enormous public attention in recent times, extensive fluctuations in their prices have deterred prospective investors. Due to the absence of a centralized valuation authority, the credibility of cryptocurrencies as a viable investment vehicle remains elusive. Building on attention theory, this study posits that prospective investors of cryptocurrencies are likely to search online for information before deciding whether to make a commitment. We hence investigate the effects of Google search on the return and risk of 268 cryptocurrencies over 181 trading days. Results indicate that the Google Search Volume Index (SVI) of a given cryptocurrency exerts significant and positive impact on its price and turnover.
OriginalsprogEngelsk
TitelProceedings of the 39th International Conference on Information Systems (ICIS)
Antal sider9
Udgivelses stedAtlanta, GA
ForlagAssociation for Information Systems. AIS Electronic Library (AISeL)
Publikationsdato2018
ISBN (Elektronisk)9780996683173
StatusUdgivet - 2018
BegivenhedThe 39th International Conference on Information Systems. ICIS 2018: Bridging the Internet of People, Data, and Things - San Francisco, USA
Varighed: 13 dec. 201816 dec. 2018
Konferencens nummer: 39
https://icis2018.aisconferences.org/

Konference

KonferenceThe 39th International Conference on Information Systems. ICIS 2018
Nummer39
LandUSA
BySan Francisco
Periode13/12/201816/12/2018
Internetadresse
NavnProceedings of the International Conference on Information Systems
ISSN0000-0033

Emneord

  • Cryptocurrency
  • Attention economy
  • Google search
  • Return
  • Risk

Citer dette

Cai , Z., Liu, A. F., Lim, E. T. K., Tan, C-W., & Zheng, Z. (2018). Unraveling the Effects of Google Search on Volatility of Cryptocurrencies. I Proceedings of the 39th International Conference on Information Systems (ICIS) Atlanta, GA: Association for Information Systems. AIS Electronic Library (AISeL). Proceedings of the International Conference on Information Systems
Cai , Zhao ; Liu, Albert Fei ; Lim, Eric T. K. ; Tan, Chee-Wee ; Zheng, Zhiqiang . / Unraveling the Effects of Google Search on Volatility of Cryptocurrencies. Proceedings of the 39th International Conference on Information Systems (ICIS). Atlanta, GA : Association for Information Systems. AIS Electronic Library (AISeL), 2018. (Proceedings of the International Conference on Information Systems).
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abstract = "Although cryptocurrencies have garnered enormous public attention in recent times, extensive fluctuations in their prices have deterred prospective investors. Due to the absence of a centralized valuation authority, the credibility of cryptocurrencies as a viable investment vehicle remains elusive. Building on attention theory, this study posits that prospective investors of cryptocurrencies are likely to search online for information before deciding whether to make a commitment. We hence investigate the effects of Google search on the return and risk of 268 cryptocurrencies over 181 trading days. Results indicate that the Google Search Volume Index (SVI) of a given cryptocurrency exerts significant and positive impact on its price and turnover.",
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Cai , Z, Liu, AF, Lim, ETK, Tan, C-W & Zheng, Z 2018, Unraveling the Effects of Google Search on Volatility of Cryptocurrencies. i Proceedings of the 39th International Conference on Information Systems (ICIS). Association for Information Systems. AIS Electronic Library (AISeL), Atlanta, GA, Proceedings of the International Conference on Information Systems, The 39th International Conference on Information Systems. ICIS 2018, San Francisco, USA, 13/12/2018.

Unraveling the Effects of Google Search on Volatility of Cryptocurrencies. / Cai , Zhao ; Liu, Albert Fei; Lim, Eric T. K.; Tan, Chee-Wee; Zheng, Zhiqiang .

Proceedings of the 39th International Conference on Information Systems (ICIS). Atlanta, GA : Association for Information Systems. AIS Electronic Library (AISeL), 2018. (Proceedings of the International Conference on Information Systems).

Publikation: Bidrag til bog/antologi/rapportKonferencebidrag i proceedingsForskningpeer review

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AU - Tan, Chee-Wee

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Cai Z, Liu AF, Lim ETK, Tan C-W, Zheng Z. Unraveling the Effects of Google Search on Volatility of Cryptocurrencies. I Proceedings of the 39th International Conference on Information Systems (ICIS). Atlanta, GA: Association for Information Systems. AIS Electronic Library (AISeL). 2018. (Proceedings of the International Conference on Information Systems).