Twitter matters for metaverse stocks amid economic uncertainty

<p>The study examines the relationship between economic uncertainty, as measured by the Twitter-based economic uncertainty index (TEU), and Metaverse stocks across different time-frequency domains. By employing Wavelet Local Multiple Correlation analysis, we identify a substantial and statisti...

وصف كامل

محفوظ في:
التفاصيل البيبلوغرافية
المؤلف الرئيسي: Ahmet Faruk Aysan (11902115) (author)
مؤلفون آخرون: Jonathan A. Batten (17824325) (author), Giray Gozgor (9119464) (author), Rabeh Khalfaoui (7016714) (author), Zhamal Nanaeva (17824328) (author)
منشور في: 2023
الموضوعات:
الوسوم: إضافة وسم
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الوصف
الملخص:<p>The study examines the relationship between economic uncertainty, as measured by the Twitter-based economic uncertainty index (TEU), and Metaverse stocks across different time-frequency domains. By employing Wavelet Local Multiple Correlation analysis, we identify a substantial and statistically significant correlation between TEU and the Metaverse stock market across all time horizons examined. The positive correlation is confirmed when two alternative measures of economic uncertainty: crude oil and gold volatility, are included. The results highlight the importance of considering real-world economic uncertainty in decision-making processes involving virtual reality environments.</p><h2>Other Information</h2> <p> Published in: Finance Research Letters<br> License: <a href="http://creativecommons.org/licenses/by/4.0/" target="_blank">http://creativecommons.org/licenses/by/4.0/</a><br>See article on publisher's website: <a href="https://dx.doi.org/10.1016/j.frl.2023.104116" target="_blank">https://dx.doi.org/10.1016/j.frl.2023.104116</a></p>