Book contents
- Frontmatter
- Dedication
- Contents
- List of Figures
- List of Tables
- Preface
- Acknowledgments
- PART I NOVELTY, NARRATIVES, AND INSTABILITY
- PART II NEWS ANALYTICS AS A WINDOW INTO STOCK MARKET INSTABILITY
- PART III EMPIRICAL EVIDENCE FOR THE NOVELTY-NARRATIVE HYPOTHESIS
- 9 Corporate Novelty and Stock Market Outcomes
- 10 Narrative Intensity and Stock Market Instability
- 11 A Manual Novelty-Narrative Scapegoat Analysis
- 12 Applying Novelty and Narratives to Other Research
- 13 The Future of Novelty, Narratives, and Uncertainty in Finance
- 14 Concluding Thoughts and Future Research
- Appendix A R Code for Bloomberg News Word Cloud and Histogram
- Appendix B The Bloomberg News KU Stock Market Project
- Appendix C RavenPack Terms for Event Output Record
- Appendix D Unscheduled Events from RavenPack
- Bibliography
- Index
14 - Concluding Thoughts and Future Research
from PART III - EMPIRICAL EVIDENCE FOR THE NOVELTY-NARRATIVE HYPOTHESIS
Published online by Cambridge University Press: 23 September 2021
- Frontmatter
- Dedication
- Contents
- List of Figures
- List of Tables
- Preface
- Acknowledgments
- PART I NOVELTY, NARRATIVES, AND INSTABILITY
- PART II NEWS ANALYTICS AS A WINDOW INTO STOCK MARKET INSTABILITY
- PART III EMPIRICAL EVIDENCE FOR THE NOVELTY-NARRATIVE HYPOTHESIS
- 9 Corporate Novelty and Stock Market Outcomes
- 10 Narrative Intensity and Stock Market Instability
- 11 A Manual Novelty-Narrative Scapegoat Analysis
- 12 Applying Novelty and Narratives to Other Research
- 13 The Future of Novelty, Narratives, and Uncertainty in Finance
- 14 Concluding Thoughts and Future Research
- Appendix A R Code for Bloomberg News Word Cloud and Histogram
- Appendix B The Bloomberg News KU Stock Market Project
- Appendix C RavenPack Terms for Event Output Record
- Appendix D Unscheduled Events from RavenPack
- Bibliography
- Index
Summary
This chapter offers concluding thoughts and avenues for future research that might incorporate novel events and narrative dynamics. The key takeaways from the book are provided. Suggestions for creative ways to conduct narratological analysis of corporate disclosure statements and internal and external communications are made. Two different econometric approaches that allow for novelty and narrative dynamics when structural change is unanticipated are discussed. The chapter closes with some insights about where the economics and finance professions may turn to deal with the evidence presented throughout the book.
- Type
- Chapter
- Information
- How Novelty and Narratives Drive the Stock MarketBlack Swans, Animal Spirits and Scapegoats, pp. 330 - 337Publisher: Cambridge University PressPrint publication year: 2021