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Presidential Communication and Its Impact on the Mexican Stock Market: Evidence Using a Sentiment Analysis Approach

Jesús Alberto Cazares Aguilar & Edgar Luna

Latin American Business Review2024https://doi.org/10.1080/10978526.2024.2320655article
AJG 1
Weight
0.37

What the paper says

This research paper addresses the impact of the positive or negative polarity of the presidential messages contained in the stenographic version of the daily conferences issued by the president of Mexico, obtained by means of semantic and machine learning text mining techniques, on the performance of the Mexican Stock Exchange's Price and Quotations Index (Índice de Precios y Cotizaciones-IPC). Our results provide evidence of the existence of a negative and significant relationship of the polarity of presidential messages with IPC performance, i.e., as the positive polarity of messages increases, IPC performance decreases.

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https://doi.org/https://doi.org/10.1080/10978526.2024.2320655

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@article{jesús2024,
  title        = {{Presidential Communication and Its Impact on the Mexican Stock Market: Evidence Using a Sentiment Analysis Approach}},
  author       = {Jesús Alberto Cazares Aguilar & Edgar Luna},
  journal      = {Latin American Business Review},
  year         = {2024},
  doi          = {https://doi.org/https://doi.org/10.1080/10978526.2024.2320655},
}

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Presidential Communication and Its Impact on the Mexican Stock Market: Evidence Using a Sentiment Analysis Approach

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Evidence weight

0.37

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.17 × 0.4 = 0.07
M · momentum0.53 × 0.15 = 0.08
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.