The Wiley Finance Series : Handbook of News Analytics in Finance

The effect of attention and news on the buying behavior of individual and institutional investors 185

5



0.76



7.24



4.82



17.38



4.06



6.80

12.62

12.24

10.90

6.51

13.41

3.97

(0.42)

(0.67)

(1.03)

(1.37)

(0.77)

(1.34)

(0.72)

(0.94)

(1.10)

(1.38)

(0.96)

(1.28)

6

1.65



7.33

0.23



16.23



1.86



3.33

13.54

13.95

8.73

0.31

12.58

3.31

(0.42)

(0.64)

(1.01)

(1.17)

(0.81)

(1.05)

(0.70)

(0.92)

(1.03)

(1.32)

(0.90)

(1.23)

7

5.45



2.87

6.69



13.80



0.05



2.58

12.47

13.17

7.25



0.61

10.99



0.61

(0.43)

(0.63)

(1.03)

(1.19)

(0.74)

(0.96)

(0.65)

(0.85)

(0.97)

(1.28)

(0.82)

(1.11)

8

9.20



1.10

13.53



7.92

1.43



2.11

11.60

12.11

8.93

1.30

10.80



0.19

(0.41)

(0.62)

(1.14)

(1.16)

(0.79)

(0.86)

(0.64)

(0.87)

(0.95)

(1.25)

(0.84)

(1.21)

9

13.62

2.86

19.82



2.02

5.78

1.36

11.33

8.90

7.83

1.09

11.11

3.47

(0.43)

(0.62)

(1.27)

(1.21)

(0.62)

(0.91)

(0.62)

(0.93)

(1.01)

(1.40)

(0.89)

(1.32)

10a

17.72

6.97

22.25

2.62

8.90

3.67

10.84

7.57

7.72

6.38

11.04

5.58

(0.51)

(0.75)

(1.46)

(1.24)

(0.83)

(1.07)

(0.81)

(1.22)

(1.46)

(2.04)

(1.20)

(1.93)

10b

b

29.50

17.67

19.34

2.02

17.31

11.78

6.72



0.55

4.83

4.15

8.12

7.23

(0.49)

(0.73)

(1.71)

(1.84)

(0.98)

(1.03)

(0.82)

(1.34)

(1.79)

(2.44)

(1.37)

(2.22)

a

Lowest decile.

b

Highest volume.