Google searches and stock market activity: Evidence from Norway

Neri Kim, Katarína Lučivjanská, Peter Molnár and Roviel Villa

Finance Research Letters, 2019, vol. 28, issue C, 208-220

Abstract: We investigate whether Google searches can explain current and predict future abnormal returns, trading volume, and volatility of the largest companies listed on the Oslo Stock Exchange. Our results show that Google searches are neither correlated with contemporaneous nor able to predict future abnormal returns. However, increased Google searches predict increased volatility and trading volume. Altogether, Google searches are more related to future than current trading activity.

Keywords: Google searches; Stock returns; Volatility; Trading volume (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (59)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:28:y:2019:i:c:p:208-220

DOI: 10.1016/j.frl.2018.05.003

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