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Sentiment Analysis of ESG disclosures on Stock Market

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  • Sudeep R. Bapat
  • Saumya Kothari
  • Rushil Bansal

Abstract

In this paper, we look at the impact of Environment, Social and Governance related news articles and social media data on the stock market performance. We pick four stocks of companies which are widely known in their domain to understand the complete effect of ESG as the newly opted investment style remains restricted to only the stocks with widespread information. We summarise live data of both twitter tweets and newspaper articles and create a sentiment index using a dictionary technique based on online information for the month of July, 2022. We look at the stock price data for all the four companies and calculate the percentage change in each of them. We also compare the overall sentiment of the company to its percentage change over a specific historical period.

Suggested Citation

  • Sudeep R. Bapat & Saumya Kothari & Rushil Bansal, 2022. "Sentiment Analysis of ESG disclosures on Stock Market," Papers 2210.00731, arXiv.org.
    • Handle: RePEc:arx:papers:2210.00731
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    References listed on IDEAS

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    1. Gunther Capelle-Blancard & Aurélien Petit, 2019. "Every Little Helps? ESG News and Stock Market Reaction," Journal of Business Ethics, Springer, vol. 157(2), pages 543-565, June.
    2. Nofsinger, John & Varma, Abhishek, 2014. "Socially responsible funds and market crises," Journal of Banking & Finance, Elsevier, vol. 48(C), pages 180-193.
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    Cited by:

    1. Neifar, Malika & Hdider, Anis, 2024. "Role of Crude Oil, Natural Gas and Wheat Prices and the Impact of the ‎Russian-Ukrainian War on the Investor Social Network Sentiment; Evidence ‎from the US Stock Market," MPRA Paper 120920, University Library of Munich, Germany.

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