Company online presence and its effect on stock returns
by Raghad Jamalallail; Tahar Tayachi; Ahmed BenSaïda
International Journal of Electronic Finance (IJEF), Vol. 13, No. 1, 2024

Abstract: This paper investigates the relationship between stock prices and the online presence of companies. Mainly, we study the effect of the online presence of a company on its subsequent stock returns. Moreover, we examine the impact of companies' engagement efforts and the popularity of their search-engine keywords on their stock returns. Based on the companies listed on the Dow Jones industrial average index, results suggest that stock returns are impacted by a change in online presence, as measured by search volumes. Nevertheless, the online engagement efforts show no significant relationship with the stock returns.

Online publication date: Fri, 01-Dec-2023

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