Sentiment Analysis of German Texts in Finance: Improving and Testing the BPW Dictionary
Using the dictionary-based approach to measure the sentiment of finance-related texts is primarily focused on English-speaking content. This is due to the need for domain-specific dictionaries and the primary availability of those in English. Through the contribution of Bannier et al. (2019b), th...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
University of Warsaw
2021-12-01
|
| Series: | Journal of Banking and Financial Economics |
| Subjects: | |
| Online Access: | https://press.wz.uw.edu.pl/cgi/viewcontent.cgi?article=1021&context=jbfe |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1841562965798551552 |
|---|---|
| author | Matthias Pöferlein |
| author_facet | Matthias Pöferlein |
| author_sort | Matthias Pöferlein |
| collection | DOAJ |
| description | Using the dictionary-based approach to measure the sentiment of finance-related texts is primarily
focused on English-speaking content. This is due to the need for domain-specific dictionaries
and the primary availability of those in English. Through the contribution of Bannier et al.
(2019b), the first finance-related dictionary is available for the German language. Because of
the novelty of this dictionary, this paper proposes several reforms and extensions of the original
word lists. Additionally, I tested multiple measurements of sentiment. I show that using the edited
and extended dictionary to calculate a relative measurement of sentiment, central assumptions
regarding textual analysis can be fulfilled and more significant relations between the sentiment of
a speech by a CEO at the Annual General Meeting and subsequent abnormal stock returns can be
calculated. |
| format | Article |
| id | doaj-art-fc6021cf377d4bddbc9bbf468a49eb0b |
| institution | Kabale University |
| issn | 2353-6845 |
| language | English |
| publishDate | 2021-12-01 |
| publisher | University of Warsaw |
| record_format | Article |
| series | Journal of Banking and Financial Economics |
| spelling | doaj-art-fc6021cf377d4bddbc9bbf468a49eb0b2025-01-03T00:36:14ZengUniversity of WarsawJournal of Banking and Financial Economics2353-68452021-12-0120212(16)52410.7172/2353-6845.jbfe.2021.2.1Sentiment Analysis of German Texts in Finance: Improving and Testing the BPW DictionaryMatthias Pöferlein0https://orcid.org/0000-0002-8967-6087University of Bayreuth, GermanyUsing the dictionary-based approach to measure the sentiment of finance-related texts is primarily focused on English-speaking content. This is due to the need for domain-specific dictionaries and the primary availability of those in English. Through the contribution of Bannier et al. (2019b), the first finance-related dictionary is available for the German language. Because of the novelty of this dictionary, this paper proposes several reforms and extensions of the original word lists. Additionally, I tested multiple measurements of sentiment. I show that using the edited and extended dictionary to calculate a relative measurement of sentiment, central assumptions regarding textual analysis can be fulfilled and more significant relations between the sentiment of a speech by a CEO at the Annual General Meeting and subsequent abnormal stock returns can be calculated.https://press.wz.uw.edu.pl/cgi/viewcontent.cgi?article=1021&context=jbfetextual analysistextual sentimentsentiment analysiscontent analysisannual general meetingceo speeches |
| spellingShingle | Matthias Pöferlein Sentiment Analysis of German Texts in Finance: Improving and Testing the BPW Dictionary Journal of Banking and Financial Economics textual analysis textual sentiment sentiment analysis content analysis annual general meeting ceo speeches |
| title | Sentiment Analysis of German Texts in Finance: Improving and Testing the BPW Dictionary |
| title_full | Sentiment Analysis of German Texts in Finance: Improving and Testing the BPW Dictionary |
| title_fullStr | Sentiment Analysis of German Texts in Finance: Improving and Testing the BPW Dictionary |
| title_full_unstemmed | Sentiment Analysis of German Texts in Finance: Improving and Testing the BPW Dictionary |
| title_short | Sentiment Analysis of German Texts in Finance: Improving and Testing the BPW Dictionary |
| title_sort | sentiment analysis of german texts in finance improving and testing the bpw dictionary |
| topic | textual analysis textual sentiment sentiment analysis content analysis annual general meeting ceo speeches |
| url | https://press.wz.uw.edu.pl/cgi/viewcontent.cgi?article=1021&context=jbfe |
| work_keys_str_mv | AT matthiaspoferlein sentimentanalysisofgermantextsinfinanceimprovingandtestingthebpwdictionary |