Investor attention and idiosyncratic risk in cryptocurrency markets

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buir.contributor.authorŞensoy, Ahmet
buir.contributor.orcidŞensoy, Ahmet|0000-0001-7967-5171
dc.citation.epage20en_US
dc.citation.spage1en_US
dc.contributor.authorYao, S.
dc.contributor.authorKong, X.
dc.contributor.authorŞensoy, Ahmet
dc.contributor.authorAkyıldırım, E.
dc.date.accessioned2022-02-16T06:40:51Z
dc.date.available2022-02-16T06:40:51Z
dc.date.issued2021-12-18
dc.departmentDepartment of Managementen_US
dc.description.abstractWe explore the impact of investor attention on idiosyncratic risk in the cryptocurrency markets. Taking the Google Trends Index as the measure of investor attention, we find that investor attention can significantly reduce cryptocurrencies’ idiosyncratic risks by increasing the liquidity. We further study possible cross-sectional variations of the effect of investor attention on idiosyncratic risk. Evidence shows that the investor attention effect is more pronounced for smaller-cap and younger cryptocurrencies. Moreover, a relatively stable external market environment and rising market state are conducive to the further play of the attention effect.en_US
dc.identifier.doi10.1080/1351847X.2021.1989008en_US
dc.identifier.eissn1466-4364
dc.identifier.issn1351-847X
dc.identifier.urihttp://hdl.handle.net/11693/77406
dc.language.isoEnglishen_US
dc.publisherRoutledgeen_US
dc.relation.isversionofhttps://doi.org/10.1080/1351847X.2021.1989008en_US
dc.source.titleThe European Journal of Financeen_US
dc.subjectCryptocurrencyen_US
dc.subjectInvestor attentionen_US
dc.subjectIdiosyncratic risken_US
dc.subjectLiquidityen_US
dc.titleInvestor attention and idiosyncratic risk in cryptocurrency marketsen_US
dc.typeArticleen_US

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