This paper assesses the impact of media sentiment on international equity prices using a dataset of more than 4.5 million Reuters articles published across the globe between 1991 and 2015. Media sentiment robustly predicts daily returns in both advanced and emerging markets, even after...

Purpose With the wealth of information available on the World Wide Web, it is difficult for anyone from a general user to the researcher to easily fulfill their information need. The main challenge is to categorize the documents systematically and also take into account more valuable data such...