{"id":"https://openalex.org/W2610692167","doi":"https://doi.org/10.1016/j.jfineco.2018.11.009","title":"How news and its context drive risk and returns around the world","display_name":"How news and its context drive risk and returns around the world","publication_year":2019,"publication_date":"2019-03-12","ids":{"openalex":"https://openalex.org/W2610692167","doi":"https://doi.org/10.1016/j.jfineco.2018.11.009","mag":"2610692167"},"language":"en","primary_location":{"id":"doi:10.1016/j.jfineco.2018.11.009","doi":"https://doi.org/10.1016/j.jfineco.2018.11.009","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jfineco.2018.11.009","pdf_url":null,"source":{"id":"https://openalex.org/S149240962","display_name":"Journal of Financial Economics","issn_l":"0304-405X","issn":["0304-405X","1879-2774"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Financial Economics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5004082658","display_name":"Charles W. Calomiris","orcid":"https://orcid.org/0000-0003-3228-0660","observed_orcids":["https://orcid.org/0000-0003-3228-0660"]},"institutions":[{"id":"https://openalex.org/I1321305853","display_name":"National Bureau of Economic Research","ror":"https://ror.org/04grmx538","country_code":"US","type":"nonprofit","lineage":["https://openalex.org/I1321305853"]},{"id":"https://openalex.org/I78577930","display_name":"Columbia University","ror":"https://ror.org/00hj8s172","country_code":"US","type":"education","lineage":["https://openalex.org/I78577930"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Charles W. Calomiris","raw_affiliation_strings":["Columbia Business School, 3022 Broadway, Uris Hall 801, New York, NY 10027, United States","National Bureau of Economic Research, 1050 Massachusetts Avenue, Cambridge, MA 02138, United States"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Columbia Business School, 3022 Broadway, Uris Hall 801, New York, NY 10027, United States","institution_ids":["https://openalex.org/I78577930"]},{"raw_affiliation_string":"National Bureau of Economic Research, 1050 Massachusetts Avenue, Cambridge, MA 02138, United States","institution_ids":["https://openalex.org/I1321305853"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5066456555","display_name":"Harry Mamaysky","orcid":"https://orcid.org/0000-0001-8060-3490","observed_orcids":["https://orcid.org/0000-0001-8060-3490"]},"institutions":[{"id":"https://openalex.org/I78577930","display_name":"Columbia University","ror":"https://ror.org/00hj8s172","country_code":"US","type":"education","lineage":["https://openalex.org/I78577930"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Harry Mamaysky","raw_affiliation_strings":["Columbia Business School, 3022 Broadway, Uris Hall 803, New York, NY 10027, United States"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Columbia Business School, 3022 Broadway, Uris Hall 803, New York, NY 10027, United States","institution_ids":["https://openalex.org/I78577930"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5004082658"],"corresponding_institution_ids":["https://openalex.org/I1321305853","https://openalex.org/I78577930"],"apc_list":{"value":1800,"currency":"USD","value_usd":1800},"apc_paid":null,"fwci":23.8433,"has_fulltext":false,"cited_by_count":240,"citation_normalized_percentile":{"value":0.99647742,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":100},"biblio":{"volume":"133","issue":"2","first_page":"299","last_page":"336"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9531000256538391,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9531000256538391,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11326","display_name":"Stock Market Forecasting Methods","score":0.026900000870227814,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.014100000262260437,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/news-content","display_name":"news content","score":0.5590000152587891},{"id":"https://openalex.org/keywords/news-sentiment","display_name":"news sentiment","score":0.6079999804496765},{"id":"https://openalex.org/keywords/stock-returns","display_name":"stock returns","score":0.640999972820282},{"id":"https://openalex.org/keywords/stock-market-volatility","display_name":"stock market volatility","score":0.6639999747276306},{"id":"https://openalex.org/keywords/drawdown","display_name":"drawdown","score":0.9670000076293945},{"id":"https://openalex.org/keywords/emerging-markets","display_name":"emerging markets","score":0.7639999985694885},{"id":"https://openalex.org/keywords/developed-markets","display_name":"developed markets","score":0.6019999980926514},{"id":"https://openalex.org/keywords/news-classification","display_name":"news classification","score":0.4790000021457672},{"id":"https://openalex.org/keywords/out-of-sample-forecasting","display_name":"out-of-sample forecasting","score":0.699999988079071}],"concepts":[{"id":"https://openalex.org/C121087249","wikidata":"https://www.wikidata.org/wiki/Q546395","display_name":"Emerging markets","level":2,"score":0.6595698595046997},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.6044139862060547},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5967602133750916},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.5642649531364441},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5462713241577148},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.5346910357475281},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.45692917704582214},{"id":"https://openalex.org/C198531522","wikidata":"https://www.wikidata.org/wiki/Q485146","display_name":"Sample (material)","level":2,"score":0.43673136830329895},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.17572489380836487},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.17398279905319214},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C43617362","wikidata":"https://www.wikidata.org/wiki/Q170050","display_name":"Chromatography","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1016/j.jfineco.2018.11.009","doi":"https://doi.org/10.1016/j.jfineco.2018.11.009","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jfineco.2018.11.009","pdf_url":null,"source":{"id":"https://openalex.org/S149240962","display_name":"Journal of Financial Economics","issn_l":"0304-405X","issn":["0304-405X","1879-2774"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1-star","ft50","jufo-3","norway-2","poland-200","russia-white-list-1","utd24","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Financial Economics","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:nbr:nberwo:24430","doi":null,"is_oa":false,"landing_page_url":"http://www.nber.org/papers/w24430.pdf","pdf_url":"http://www.nber.org/papers/w24430.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"},{"id":"pmh:oai:RePEc:eee:jfinec:v:133:y:2019:i:2:p:299-336","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S0304405X18303180","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":60,"referenced_works":["https://openalex.org/W1480626585","https://openalex.org/W1483426189","https://openalex.org/W1561513404","https://openalex.org/W1568726854","https://openalex.org/W1569929353","https://openalex.org/W1789808336","https://openalex.org/W1880262756","https://openalex.org/W1927629402","https://openalex.org/W1965024216","https://openalex.org/W2024330008","https://openalex.org/W2048658075","https://openalex.org/W2089556049","https://openalex.org/W2094517242","https://openalex.org/W2095293504","https://openalex.org/W2106895738","https://openalex.org/W2110321237","https://openalex.org/W2131681506","https://openalex.org/W2134246329","https://openalex.org/W2135046866","https://openalex.org/W2151373442","https://openalex.org/W2151936673","https://openalex.org/W2152136804","https://openalex.org/W2157305458","https://openalex.org/W2163969674","https://openalex.org/W2172364747","https://openalex.org/W2320868325","https://openalex.org/W2410785255","https://openalex.org/W2466756195","https://openalex.org/W2519143511","https://openalex.org/W2554619162","https://openalex.org/W2582042908","https://openalex.org/W2595186334","https://openalex.org/W2766285935","https://openalex.org/W2914489443","https://openalex.org/W3121136571","https://openalex.org/W3121759882","https://openalex.org/W3122085781","https://openalex.org/W3122505326","https://openalex.org/W3122563224","https://openalex.org/W3122758356","https://openalex.org/W3122829783","https://openalex.org/W3122944446","https://openalex.org/W3123017196","https://openalex.org/W3123276743","https://openalex.org/W3123399111","https://openalex.org/W3123566210","https://openalex.org/W3123809656","https://openalex.org/W3124438330","https://openalex.org/W3125011952","https://openalex.org/W3125719191","https://openalex.org/W3125770312","https://openalex.org/W3125835721","https://openalex.org/W3126081245","https://openalex.org/W4226159138","https://openalex.org/W4233731957","https://openalex.org/W4240307802","https://openalex.org/W4247747078","https://openalex.org/W4256569773","https://openalex.org/W4285701418","https://openalex.org/W6687466756"],"related_works":["https://openalex.org/W209252387","https://openalex.org/W2036133148","https://openalex.org/W3193164354","https://openalex.org/W2982754925","https://openalex.org/W1967407015","https://openalex.org/W3125842711","https://openalex.org/W2140187337","https://openalex.org/W2046333855","https://openalex.org/W2370669686","https://openalex.org/W209786266"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":36},{"year":2025,"cited_by_count":34},{"year":2024,"cited_by_count":44},{"year":2023,"cited_by_count":39},{"year":2022,"cited_by_count":28},{"year":2021,"cited_by_count":22},{"year":2020,"cited_by_count":22},{"year":2019,"cited_by_count":9},{"year":2018,"cited_by_count":5},{"year":2017,"cited_by_count":1}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2025-10-10T00:00:00"}
