PREFERRED STOCK ETF AND INVESTOR ATTENTION

Rohit Agarwal, University of South Carolina Upstate, U.S.A.
Arun Narayanasamy, Sam Houston State University, U.S.A.

Published in

JOURNAL OF INTERNATIONAL FINANCE AND ECONOMICS
Volume 24, Issue 3, p116-127, October 2024

ABSTRACT

This research tests market efficiency of assets by analyzing the effect of investor attention proxied by Google Trends Search on Preferred stock ETFs. This study employs a range of statistical models to examine the short-term and long-term relationship between preferred stock ETFs and investor attention, including the bivariate linear granger causality model and the Johansen cointegration technique. The findings of this study indicate that there is neither short-term causality nor long-term cointegration between preferred stock ETFs and investor attention. This underscores the efficiency of the market pertaining to these assets and the incorporation of information into the pricing of these Preferred stock ETFs. These findings are valuable to the investors and other stock market participants, illustrating the impact of Google Trends Search on the stock market.

Keywords

Preferred stock, ETF, Investor attention, Causality, Cointegration


About the Article

Abstract, Keywords, Page Numbers, etc

About the Journal

Managing Editors, Indexing, Best Practices

About The Publisher

History, Partners, Conferences

Access the Full Article

Log-in to IABE to access full article

Search IABE

Search IABE's articles by Title, Author, or keyword

Contact Us

Send a message to IABE