The Return and Volatility Connectedness of NFT Segments and Media Coverage: Fresh Evidence Based on News About the COVID-19 Pandemic.
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ABSTRACT:
SUBMITTER: Umar Z
PROVIDER: S-EPMC9159964 | biostudies-literature | 2022 Oct
REPOSITORIES: biostudies-literature
Publications
The Return and Volatility Connectedness of NFT Segments and Media Coverage: Fresh Evidence Based on News About the COVID-19 Pandemic.
Umar Zaghum Z Abrar Afsheen A Zaremba Adam A Teplova Tamara T Vo Xuan Vinh XV
Finance research letters 20220602
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. ...[more]
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