Stock market reactions to the COVID-19 pandemic: The moderating role of corporate big data strategies based on Word2Vec

• Main Authors: XUE, Fujing, LI, Xiaoyu, ZHANG, Ting, HU, Nan
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2021
• Subjects: COVID-19 pandemic; Big data; Stock market; Machine learning; Asian Studies; Numerical Analysis and Scientific Computing; Portfolio and Security Analysis
• Online Access: https://ink.library.smu.edu.sg/sis_research/8040
• Institution: Singapore Management University

By developing a machine learning-based measure of corporate big data strategies, this study empirically explores how stock markets respond to the COVID-19 pandemic and whether corporate big data strategies make firms immune to the pandemic effect. We find that except for information technology and h...