The Return and Volatility Connectedness of NFT Segments and Media Coverage: Fresh Evidence Based on News About the COVID-19 Pandemic

We study the relationship between return and volatility of non-fungible tokens (NFT) segments and media coverage during the outbreak of the COVID-19 pandemic in a connectedness framework. We document media coverage as a net transmitter of spillover for both the return and volatility of NFT segments....

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Detalles Bibliográficos
Autores principales: Umar, Zaghum, Abrar, Afsheen, Zaremba, Adam, Teplova, Tamara, Vo, Xuan Vinh
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Inc. 2022
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9159964/
https://www.ncbi.nlm.nih.gov/pubmed/35669177
http://dx.doi.org/10.1016/j.frl.2022.103031
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author Umar, Zaghum
Abrar, Afsheen
Zaremba, Adam
Teplova, Tamara
Vo, Xuan Vinh
author_facet Umar, Zaghum
Abrar, Afsheen
Zaremba, Adam
Teplova, Tamara
Vo, Xuan Vinh
author_sort Umar, Zaghum
collection PubMed
description We study the relationship between return and volatility of non-fungible tokens (NFT) segments and media coverage during the outbreak of the COVID-19 pandemic in a connectedness framework. We document media coverage as a net transmitter of spillover for both the return and volatility of NFT segments. We find that NFTs representing the Utilities segment is a major transmitter of spillover. Our findings have important implications for portfolio managers, regulators, and policymakers.
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spelling pubmed-91599642022-06-02 The Return and Volatility Connectedness of NFT Segments and Media Coverage: Fresh Evidence Based on News About the COVID-19 Pandemic Umar, Zaghum Abrar, Afsheen Zaremba, Adam Teplova, Tamara Vo, Xuan Vinh Financ Res Lett Article We study the relationship between return and volatility of non-fungible tokens (NFT) segments and media coverage during the outbreak of the COVID-19 pandemic in a connectedness framework. We document media coverage as a net transmitter of spillover for both the return and volatility of NFT segments. We find that NFTs representing the Utilities segment is a major transmitter of spillover. Our findings have important implications for portfolio managers, regulators, and policymakers. Elsevier Inc. 2022-10 2022-06-02 /pmc/articles/PMC9159964/ /pubmed/35669177 http://dx.doi.org/10.1016/j.frl.2022.103031 Text en © 2022 Elsevier Inc. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Umar, Zaghum
Abrar, Afsheen
Zaremba, Adam
Teplova, Tamara
Vo, Xuan Vinh
The Return and Volatility Connectedness of NFT Segments and Media Coverage: Fresh Evidence Based on News About the COVID-19 Pandemic
title The Return and Volatility Connectedness of NFT Segments and Media Coverage: Fresh Evidence Based on News About the COVID-19 Pandemic
title_full The Return and Volatility Connectedness of NFT Segments and Media Coverage: Fresh Evidence Based on News About the COVID-19 Pandemic
title_fullStr The Return and Volatility Connectedness of NFT Segments and Media Coverage: Fresh Evidence Based on News About the COVID-19 Pandemic
title_full_unstemmed The Return and Volatility Connectedness of NFT Segments and Media Coverage: Fresh Evidence Based on News About the COVID-19 Pandemic
title_short The Return and Volatility Connectedness of NFT Segments and Media Coverage: Fresh Evidence Based on News About the COVID-19 Pandemic
title_sort return and volatility connectedness of nft segments and media coverage: fresh evidence based on news about the covid-19 pandemic
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9159964/
https://www.ncbi.nlm.nih.gov/pubmed/35669177
http://dx.doi.org/10.1016/j.frl.2022.103031
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