Starts and refutations of the Covid-19 rumors: Evidence from the reaction of the stock market

By manually collecting data on Internet-based rumors concerning COVID-19, we investigate the market reactions to the spread of such rumors and the government’s refutation of them. We find that frightening (reassuring) rumors have a negative (positive) impact on investors. The refutation of frighteni...

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Bibliographic Details
Published in:	China Journal of Accounting Research
Main Authors:	Zhe Li, Zixi Ling, Jian Sun, Congjie Yun
Format:	Article
Language:	English
Published:	Elsevier 2022-12-01
Subjects:	G12 G14 M41
Online Access:	http://www.sciencedirect.com/science/article/pii/S1755309122000521

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