Proceedings of the 7th International Conference on Accounting, Management and Economics (ICAME-7 2022)

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Correlation Analysis Between Accounting Information and Daily Twitter’s Happiness Sentiment on Stock Return

Authors
Rezky Ramadhani1, *, Abdul Hamid Habbe1, R. A. Damayanti1
1Hasanuddin University, Makassar, Indonesia
*Corresponding author. Email: rezkyramadhani998@gmail.com
Corresponding Author
Rezky Ramadhani
Available Online 29 May 2023.
DOI
10.2991/978-94-6463-146-3_41How to use a DOI?
Keywords
Earning per Share; Online Investor Sentiment; Stock Market; Granger Causality
Abstract

The main goal of financial reporting is to provide relevant information for estimating business value. This study has two purposes. The first purpose is to analyze the causal relationship between accounting information and stock returns. The second one is to analyze the causal relationship between daily happiness sentiment on twitter and stock returns. The research data was obtained from the financial statements of LQ45 companies throughout the period from 2011 to 2021 and collected daily happiness sentiment data from Twitter at https://hedenometer.org. The analytical technique used in this study is the Granger Causality Analysis technique. The results show that Earnings per Share (EPS) can predict future Stock Return so that EPS as a fundamental factor is still relevant in making investment decisions and Daily Happiness Sentiment on Twitter can be a new proxy in predicting stock returns in the future. This research is important as representative research in developing countries with a new proxy for online investor sentiment.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 7th International Conference on Accounting, Management and Economics (ICAME-7 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
29 May 2023
ISBN
10.2991/978-94-6463-146-3_41
ISSN
2352-5428
DOI
10.2991/978-94-6463-146-3_41How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Rezky Ramadhani
AU  - Abdul Hamid Habbe
AU  - R. A. Damayanti
PY  - 2023
DA  - 2023/05/29
TI  - Correlation Analysis Between Accounting Information and Daily Twitter’s Happiness Sentiment on Stock Return
BT  - Proceedings of the 7th International Conference on Accounting, Management and Economics (ICAME-7 2022)
PB  - Atlantis Press
SP  - 411
EP  - 420
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-146-3_41
DO  - 10.2991/978-94-6463-146-3_41
ID  - Ramadhani2023
ER  -