Sirvi Autor "Lass, Kristin" järgi

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Naise kujutamise muutumine ajakirja Eesti Naine kaanefotodel ja -lugudes perioodil 1991-2021
(Tartu Ülikool, 2022) Lass, Kristin; Seppel, Külliki, juhendaja; Tartu Ülikool. Sotsiaalteaduste valdkond; Tartu Ülikool. Ühiskonnateaduste instituut
Stock price relation to news: the case of the Tallinn stock exchange
(Tartu Ülikool, 2025) Lass, Kristin; Pulk, Kristjan, juhendaja; Eratalay, Mustafa Hakan, juhendaja; Tartu Ülikool. Majandusteaduskond; Tartu Ülikool. Sotsiaalteaduste valdkond
This article examines the relationship between media sentiment and stock price movements using the example of 12 companies listed on the Tallinn Stock Exchange. The study uses sentiment analyzes of Estonian-language financial news using the ARMAX model to quantify the impact of news sentiment on daily stock returns. The dataset comprises 1,930 news articles and trading data from 2019 to 2023. The results show that media sentiment has a statistically significant impact on short-term stock price movements, especially in the case of strongly negative news. This supports the view that market movements cannot be explained solely by fundamental analysis, but also indicate behavioral factors, such as attentional bias and overreaction, that affect stock price formation. The results contribute to media-based market analysis in small markets and highlights the need for considering the influence of media sentiment in financial modeling.