The relationship between Indian realty stocks and online searches

Das, Prashant ( Ecole hôtelière de Lausanne, HES-SO // University of Applied Sciences Western Switzerland) ; Ziobrowski, Alan ( J. Mack Robinson College of Business, Georgia State University, USA)

We examine the relationship between online real estate searches by investors and the future returns of publicly traded real estate stocks in India. We find evidence that the relevant online search volume indices are significantly related to the future movements in real estate stock returns. However, the association between online searches and stock returns diminishes quickly. The findings suggest that the significance of the online searches is driven by the online investor’s attention to real estate stocks rather than the searches’ representativeness of the fundamental shifts in the market.


Keywords:
Article Type:
scientifique
Faculty:
Economie et Services
School:
EHL
Subject(s):
Economie/gestion
Date:
2015
Published in
Journal of emerging market finance
Numeration (vol. no.):
April 2015, vol. 14, no. 1, pp. 1-19
DOI:
ISSN:
0972-6527
Appears in Collection:

Note: The status of this file is: restricted


 Record created 2015-10-13, last modified 2018-12-20

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