The Influence of Social Media Emotions: Evidence from the Kodak Manic Episode
This paper explores the impact of Kodak’s announcements of ventures into the cryptocurrency and pharmaceutical industries on market sentiment and investor emotions. Evaluating social media data using novel sentiment analysis techniques, we find that emotions such as excitement, mania, anxiety, panic...
| Main Authors: | , , , , , |
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| Format: | Journal Article |
| Published: |
Taylor & Francis Group
2024
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| Online Access: | http://hdl.handle.net/20.500.11937/97474 |
| _version_ | 1848766276939284480 |
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| author | Cioroianu, I. Conlon, T. Corbet, S. Larkin, C. Oxley, Leslie Taffler, R. |
| author_facet | Cioroianu, I. Conlon, T. Corbet, S. Larkin, C. Oxley, Leslie Taffler, R. |
| author_sort | Cioroianu, I. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This paper explores the impact of Kodak’s announcements of ventures into the cryptocurrency and pharmaceutical industries on market sentiment and investor emotions. Evaluating social media data using novel sentiment analysis techniques, we find that emotions such as excitement, mania, anxiety, panic, and revulsion were salient in response to the announcements of KodakCoin and KodakPharma. Our results suggest that these emotions had significant short-term effects on share prices and market perception, demonstrating the impact of emotional patterns observed within KodakCoin and KodakPharma events on investor behavior and emphasizing the vulnerability of unsophisticated online stock traders to corporate ‘pivots’ irrespective of the perceived associated risks. We highlight the significance of monitoring emerging technologies and balancing innovation with stability, contributing to developing a more resilient financial ecosystem. Furthermore, this research underscores the importance of addressing several key areas in policy and regulation to ensure a stable and transparent financial ecosystem. |
| first_indexed | 2025-11-14T11:48:35Z |
| format | Journal Article |
| id | curtin-20.500.11937-97474 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T11:48:35Z |
| publishDate | 2024 |
| publisher | Taylor & Francis Group |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-974742025-07-18T00:37:38Z The Influence of Social Media Emotions: Evidence from the Kodak Manic Episode Cioroianu, I. Conlon, T. Corbet, S. Larkin, C. Oxley, Leslie Taffler, R. This paper explores the impact of Kodak’s announcements of ventures into the cryptocurrency and pharmaceutical industries on market sentiment and investor emotions. Evaluating social media data using novel sentiment analysis techniques, we find that emotions such as excitement, mania, anxiety, panic, and revulsion were salient in response to the announcements of KodakCoin and KodakPharma. Our results suggest that these emotions had significant short-term effects on share prices and market perception, demonstrating the impact of emotional patterns observed within KodakCoin and KodakPharma events on investor behavior and emphasizing the vulnerability of unsophisticated online stock traders to corporate ‘pivots’ irrespective of the perceived associated risks. We highlight the significance of monitoring emerging technologies and balancing innovation with stability, contributing to developing a more resilient financial ecosystem. Furthermore, this research underscores the importance of addressing several key areas in policy and regulation to ensure a stable and transparent financial ecosystem. 2024 Journal Article http://hdl.handle.net/20.500.11937/97474 10.1080/15427560.2024.2385902 http://creativecommons.org/licenses/by-nc-nd/4.0/ Taylor & Francis Group fulltext |
| spellingShingle | Cioroianu, I. Conlon, T. Corbet, S. Larkin, C. Oxley, Leslie Taffler, R. The Influence of Social Media Emotions: Evidence from the Kodak Manic Episode |
| title | The Influence of Social Media Emotions: Evidence from the Kodak Manic Episode |
| title_full | The Influence of Social Media Emotions: Evidence from the Kodak Manic Episode |
| title_fullStr | The Influence of Social Media Emotions: Evidence from the Kodak Manic Episode |
| title_full_unstemmed | The Influence of Social Media Emotions: Evidence from the Kodak Manic Episode |
| title_short | The Influence of Social Media Emotions: Evidence from the Kodak Manic Episode |
| title_sort | influence of social media emotions: evidence from the kodak manic episode |
| url | http://hdl.handle.net/20.500.11937/97474 |