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Cited by 3,067

The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.

In Search of Attention

Open access
DA, ZHI, ENGELBERG, JOSEPH, GAO, PENGJIE·2011·The Journal of Finance
DOI 10.1111/j.1540-6261.2011.01679.x
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Abstract

We propose a new and direct measure of investor attention using search frequency in Google (Search Volume Index (SVI)). In a sample of Russell 3000 stocks from 2004 to 2008, we find that SVI (1) is correlated with but different from existing proxies of investor attention; (2) captures investor attention in a more timely fashion and (3) likely measures the attention of retail investors. An increase in SVI predicts higher stock prices in the next 2 weeks and an eventual price reversal within the year. It also contributes to the large first‐day return and long‐run underperformance of IPO stocks.

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Metadata

Authors
DA, Z., ENGELBERG, J., & GAO, P.
Venue
The Journal of Finance
Publisher
Wiley
Published
2011-09-21
Volume
66
Issue
5
Pages
1461-1499
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/j.1540-6261.2011.01679.x
OpenAlex
W3122136669
Cited by
3,067
References
3
FWCI
136.47
Type
journal article
Language
en
Open access
bronze
Licence
onlinelibrary.wiley.com/termsAndConditions#vor (vor)

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CoChat. (2026). Citation check: In Search of Attention. https://app.cochat.ai/papers/10.1111/j.1540-6261.2011.01679.x
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DA, Z., ENGELBERG, J., & GAO, P. (2011). In Search of Attention. The Journal of Finance. https://doi.org/10.1111/j.1540-6261.2011.01679.x

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.