INVESTOR HAPPINESS AND CRYPTOCURRENCY RETURNS: FRESH EVIDENCE FROM TOP FIVE CRYPTOCURRENCIES

Basit Öğe Kaydı
dc.contributor.authorYağlı, İbrahim
dc.contributor.authorHaykır, Özkan
dc.date.accessioned2024-11-07T13:17:04Z
dc.date.available2024-11-07T13:17:04Z
dc.date.issued2023
dc.departmentNiğde Ömer Halisdemir Üniversitesi
dc.description.abstractThe study aims to investigate the causality relationship between investor happiness and cryptocurrency returns. The study is focused on the five largest cryptocurrencies, specifically Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), and Cardano (ADA). Twitter-based Happiness Index is used to measure investor happiness. The sample period covers the period between January 1, 2019, and October 2, 2021. The Zivot-Andrews test is employed to detect stationary of covariates. After ensuring that all variables are stationary at levels, the Granger causality test is adopted to understand the relationship between the happiness index and cryptocurrency returns. The impulse-response functions are illustrated. The results indicate that there is a uni-directional relationship from BTC to Happiness Index, and Happiness Index to ETH. Considering that the causal relationship between cryptocurrency returns and investor happiness differs between cryptocurrencies, it is thought that investors should closely monitor the happiness index and make adjustments in their portfolios in response to changes in investor happiness.
dc.identifier.doi10.30794/pausbed.1183813
dc.identifier.endpage305
dc.identifier.issn1308-2922
dc.identifier.issn2147-6985
dc.identifier.issue59
dc.identifier.startpage293
dc.identifier.trdizinid1228112
dc.identifier.urihttps://doi.org/10.30794/pausbed.1183813
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/1228112
dc.identifier.urihttps://hdl.handle.net/11480/12779
dc.indekslendigikaynakTR-Dizin
dc.language.isoen
dc.relation.ispartofPamukkale Üniversitesi Sosyal Bilimler Enstitüsü Dergisi
dc.relation.publicationcategoryMakale - Ulusal Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_20241107
dc.subjectTıbbi İnformatik
dc.subjectMühendislik
dc.subjectElektrik ve Elektronik
dc.subjectCryptocurrency
dc.subjectGranger causality
dc.subjectImpulse-response analysis
dc.subjectInvestor happiness
dc.titleINVESTOR HAPPINESS AND CRYPTOCURRENCY RETURNS: FRESH EVIDENCE FROM TOP FIVE CRYPTOCURRENCIES
dc.typeArticle

Dosyalar

Koleksiyon

TR-Dizin İndeksli Yayınlar Koleksiyonu