Limited attention, salience of information and stock market activity

Lopes Moreira Da Veiga, María Helena; Ramos, Sofía B.; Lotaeiro, Pedro

Limited attention, salience of information and stock market activity

Author(s): Lopes Moreira Da Veiga, María Helena; Ramos, Sofía B.; Lotaeiro, Pedro

Publisher: Elsevier

Issued date: 2020-05-01

Citation: Ramos, S. B., Latoeiro, P., & Veiga, H. (2020). Limited attention, salience of information and stock market activity. Economic Modelling, 87, pp. 92-108.

ISSN: 0264-9993

DOI: https://doi.org/10.1016/j.econmod.2019.07.010

xmlui.dri2xhtml.METS-1.0.item-contributor-funder: Ministerio de Economía y Competitividad (España)
Ministerio de Economía y Competitividad (España)
Ministerio de Ciencia, Innovación y Universidades (España)

Sponsor: The second author acknowledges support from the Labex MMEDII program (ANR-11-LBX-0023-01). The third author acknowledges financial support from the research projects ECO2015-70331-C2-2-R (Ministerio de Economía y Competitividad) and PGC2018-096977-Bl00 (Ministerio de Ciencia, Innovación y Universidades) and FCT grant UID/GES/00315/2019.

Project: Gobierno de España. ECO2015-70331-C2-2-R
Gobierno de España. PGC2018-096977-B-I00

Keywords: 52-week high prices , Behavioral finance , Google search volume index , Investor attention , predictability , Salience

JEL Classification: G10 , G40 , G41

Embargo terms: 2023-05-01

URI: http://hdl.handle.net/10016/34947

Rights: Atribución-NoComercial-SinDerivadas 3.0 España

Abstract:

It is now widely recognized in the literature that individuals have limited attention and that salient informationplays a key role in individuals choices. We analyze the salience of two sources of information for investors:firm-specific and market. Salient inf [+]

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