Unraveling the effects of google search on volatility of cryptocurrencies
Although cryptocurrencies have garnered enormous public attention in recent times, extensive fluctuations in their prices have deterred prospective investors. Due to the absence of a centralized valuation authority, the credibility of cryptocurrencies as a viable investment vehicle remains elusiv...
| Main Authors: | , , , , |
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| Format: | Book Section |
| Language: | English |
| Published: |
Association for Information Systems
2018
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| Subjects: | |
| Online Access: | https://eprints.nottingham.ac.uk/56410/ |
| _version_ | 1848799325402955776 |
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| author | Cai, Zhao Liu, Fei Lim, Eric T. K. Tan, Chee-Wee Zheng, Zhiqiang |
| author_facet | Cai, Zhao Liu, Fei Lim, Eric T. K. Tan, Chee-Wee Zheng, Zhiqiang |
| author_sort | Cai, Zhao |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | Although cryptocurrencies have garnered enormous public attention in recent times, extensive fluctuations in their prices have deterred prospective investors. Due to the
absence of a centralized valuation authority, the credibility of cryptocurrencies as a viable investment vehicle remains elusive. Building on attention theory, this study posits that prospective investors of cryptocurrencies are likely to search online for information before deciding whether to make a commitment. We hence investigate the effects of Google search on the return and risk of 268 cryptocurrencies over 181 trading days.
Results indicate that the Google Search Volume Index (SVI) of a given cryptocurrency
exerts significant and positive impact on its price and turnover. |
| first_indexed | 2025-11-14T20:33:52Z |
| format | Book Section |
| id | nottingham-56410 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T20:33:52Z |
| publishDate | 2018 |
| publisher | Association for Information Systems |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-564102019-04-01T13:57:14Z https://eprints.nottingham.ac.uk/56410/ Unraveling the effects of google search on volatility of cryptocurrencies Cai, Zhao Liu, Fei Lim, Eric T. K. Tan, Chee-Wee Zheng, Zhiqiang Although cryptocurrencies have garnered enormous public attention in recent times, extensive fluctuations in their prices have deterred prospective investors. Due to the absence of a centralized valuation authority, the credibility of cryptocurrencies as a viable investment vehicle remains elusive. Building on attention theory, this study posits that prospective investors of cryptocurrencies are likely to search online for information before deciding whether to make a commitment. We hence investigate the effects of Google search on the return and risk of 268 cryptocurrencies over 181 trading days. Results indicate that the Google Search Volume Index (SVI) of a given cryptocurrency exerts significant and positive impact on its price and turnover. Association for Information Systems 2018-12-16 Book Section PeerReviewed application/pdf en https://eprints.nottingham.ac.uk/56410/1/Unraveling%20the%20Effects%20of%20Google%20Search%20on%20Volatility%20of%20Cryptocu.pdf Cai, Zhao, Liu, Fei, Lim, Eric T. K., Tan, Chee-Wee and Zheng, Zhiqiang (2018) Unraveling the effects of google search on volatility of cryptocurrencies. In: 39th International Conference on Information Systems (ICIS 2018). Association for Information Systems. Cryptocurrency; attention economy; Google search; return; risk https://aisel.aisnet.org/icis2018/crypto/Presentations/13/ |
| spellingShingle | Cryptocurrency; attention economy; Google search; return; risk Cai, Zhao Liu, Fei Lim, Eric T. K. Tan, Chee-Wee Zheng, Zhiqiang Unraveling the effects of google search on volatility of cryptocurrencies |
| title | Unraveling the effects of google search on volatility of cryptocurrencies |
| title_full | Unraveling the effects of google search on volatility of cryptocurrencies |
| title_fullStr | Unraveling the effects of google search on volatility of cryptocurrencies |
| title_full_unstemmed | Unraveling the effects of google search on volatility of cryptocurrencies |
| title_short | Unraveling the effects of google search on volatility of cryptocurrencies |
| title_sort | unraveling the effects of google search on volatility of cryptocurrencies |
| topic | Cryptocurrency; attention economy; Google search; return; risk |
| url | https://eprints.nottingham.ac.uk/56410/ https://eprints.nottingham.ac.uk/56410/ |