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This repository provides metadata of IIMB Publications and aimed at creating and preserving an archive of Institution scholarship. IIMB Publications include Articles, Working Papers (FULL TEXT), Book Chapters published by Faculty, Doctoral Dissertations by FPM Scholars and Project reports of Students enrolled in various courses of IIMB.
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https://repository.iimb.ac.in/handle/2074/20101| Title: | WallStreetBets against wall street: The Role of reddit in the GameStop short squeeze | Authors: | Anand, Abhinav Pathak, Jalaj |
Keywords: | Short Squeeze;Game stop;WallStreetBets;Text Analysis;Social news platform | Issue Date: | 2021 | Publisher: | Indian Institute of Management Bangalore | Series/Report no.: | IIMB Working Paper-644 | Abstract: | By January 2021, the stock of GameStop (GME) was heavily shorted by institutional investors but an unprecedented retail campaign for pushing-up its stock price culminated in a short squeeze by the end of January 2021. Adapting recent innovations in text analysis in finance and on microblogging platforms, we present evidence that both the tone and the volume of discussions on the subreddit r/wallstreetbets had significant predictive associations with the GME return, volatility and put-call ratio. | URI: | https://repository.iimb.ac.in/handle/2074/20101 |
| Appears in Collections: | 2021 |
Files in This Item:
| File | Size | Format | |
|---|---|---|---|
| WP_IIMB_644.pdf | 646.09 kB | Adobe PDF | View/Open |
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