I only pay attention to interesting things…and that’s a problem: Investor attention in financial markets

Research output: ThesisDoctoral Thesis

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Abstract

I investigate three aspects of how investor attention plays a role in markets. In the first paper, I examine the market’s response to companies’ blockchain-related announcements. I show that there is a significantly positive abnormal return on the announcement day, which is linked to the Bitcoin price dynamic. The second paper studies whether the name of an asset matters in an uncertain environment. Cryptocurrencies with mimicking behaviour toward Bitcoin tend to earn higher returns but have a lower survival rate. The last paper shows that different investor attention proxies share a common component in explaining market behaviour.
Original languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • The University of Western Australia
Supervisors/Advisors
  • Liu, Frank, Supervisor
  • Smales, Lee, Supervisor
Thesis sponsors
Award date16 Nov 2022
DOIs
Publication statusUnpublished - 2022

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