TY - GEN
T1 - Text analysis system for measuring the influence of news articles on intraday price changes in financial markets
AU - Goshima, Keiichi
AU - Takahashi, Hiroshi
PY - 2016
Y1 - 2016
N2 - This study constructs a text analysis system for analyzing financial markets. This system enables us to investigate the influence of news article on intraday price changes. In this study, we examine the automobile companies in Japan to analyze the relationship between news articles and stock price reactions. As a result of empirical analyses, we confirmed that stock prices reflect news information in a timely manner. These results are suggestive from both academic and practical view points. More detailed analyses are planned for the future.
AB - This study constructs a text analysis system for analyzing financial markets. This system enables us to investigate the influence of news article on intraday price changes. In this study, we examine the automobile companies in Japan to analyze the relationship between news articles and stock price reactions. As a result of empirical analyses, we confirmed that stock prices reflect news information in a timely manner. These results are suggestive from both academic and practical view points. More detailed analyses are planned for the future.
KW - Asset management business
KW - Asset pricing
KW - Finance
KW - Market micro structure
KW - Natural language processing
KW - Text mining
UR - http://www.scopus.com/inward/record.url?scp=84978977432&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84978977432&partnerID=8YFLogxK
U2 - 10.1007/978-3-319-39883-9_28
DO - 10.1007/978-3-319-39883-9_28
M3 - Conference contribution
AN - SCOPUS:84978977432
SN - 9783319398822
VL - 58
T3 - Smart Innovation, Systems and Technologies
SP - 341
EP - 348
BT - Agent and Multi-Agent Systems: Technology and Applications - 10th KES International Conference, KES-AMSTA 2016, Proceedings
PB - Springer Science and Business Media Deutschland GmbH
T2 - 10th KES International Conference on Agent and Multi-Agent Systems: Technology and Applications, KES-AMSTA 2016
Y2 - 15 June 2016 through 17 June 2016
ER -