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題名 IPO and Financial News
作者 諶家蘭
Seng, Jia-Lang;Yang, Pi-Hua;Yang, Hsiao-Fang
貢獻者 會計系
關鍵詞 IPOs underpricing; Media sentiment; Sentiment analysis
日期 2016
上傳時間 12-Jul-2017 14:13:31 (UTC+8)
摘要 This paper explores the relation between the sentiment of the media and IPOs underpricing which means whether the media were responsible for the phenomenal rise and fall in the market value of IPOs shares from 2010 to 2014. We focus on the effect of pre-IPOs media on the first day’s return and we use sentiment analysis to calculate the media sentiment and use the sentimental words to classify the news. We found that the sentiment of media is significantly related to initial return. This paper also indicates significantly results that initial return is related to market return than sentiment of media in non-electronics industry. Furthermore, as our expected, the number of positive (negative) news has a positive (negative) influence on the initial return in the electronics industry.
關聯 Lecture Notes in Artificial Intelligence (LNAI) (EI), 346-353
資料類型 article
DOI http://dx.doi.org/10.1007/978-3-662-49390-8_34
dc.contributor 會計系
dc.creator (作者) 諶家蘭zh-tw
dc.creator (作者) Seng, Jia-Lang;Yang, Pi-Hua;Yang, Hsiao-Fangen-US
dc.date (日期) 2016
dc.date.accessioned 12-Jul-2017 14:13:31 (UTC+8)-
dc.date.available 12-Jul-2017 14:13:31 (UTC+8)-
dc.date.issued (上傳時間) 12-Jul-2017 14:13:31 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/111001-
dc.description.abstract (摘要) This paper explores the relation between the sentiment of the media and IPOs underpricing which means whether the media were responsible for the phenomenal rise and fall in the market value of IPOs shares from 2010 to 2014. We focus on the effect of pre-IPOs media on the first day’s return and we use sentiment analysis to calculate the media sentiment and use the sentimental words to classify the news. We found that the sentiment of media is significantly related to initial return. This paper also indicates significantly results that initial return is related to market return than sentiment of media in non-electronics industry. Furthermore, as our expected, the number of positive (negative) news has a positive (negative) influence on the initial return in the electronics industry.
dc.format.extent 70684263 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) Lecture Notes in Artificial Intelligence (LNAI) (EI), 346-353
dc.subject (關鍵詞) IPOs underpricing; Media sentiment; Sentiment analysis
dc.title (題名) IPO and Financial News
dc.type (資料類型) article
dc.identifier.doi (DOI) 10.1007/978-3-662-49390-8_34
dc.doi.uri (DOI) http://dx.doi.org/10.1007/978-3-662-49390-8_34