How Novelty and Narratives Drive the Stock Market: Black Swans, Animal Spirits and Scapegoats

ISBN-13: 9781108838450 / Angielski / Twarda / 2021 / 300 str.

Nicholas Mangee

Opis

The novelty-narrative hypothesis is used to understand stock market instability using big data textual analytics of financial news.

Recenzje

'Mangee provides a solid introduction to a novel approach to explaining equity instability.' Mark S. Rzepczynski, CFA Institute

Spis treści

Part I. Novelty, Narratives and Instability: 1. Narrative finance and stock market novelty; 2. Unpredictably unstable; Part II. News Analytics as a Window into Stock Market Instability: 3. Narratology and other disciplines; 4. News anaytics: novelty, narratives and non-routine change; 5. The corporate Knightian uncertainty index; 6. KU Sentiment, novelty and relevance; 7. Diversity of corporate uncertainty events; 8. Macro versus micro novelty; Part III. Empirical Evidence for the Novelty-Narrative Hypothesis: 9. Corporate novelty and stock market outcomes; 10. Narrative intensity and stock market instability; 11. A manual novelty-narrative scapegoat analysis; 12. Applying novelty and narratives to other research; 13. The future of novelty, narratives and uncertainty in finance; 14. Concluding thoughts and future research; Appendices; Bibliography; Index.