Title

The Return and Volatility Connectedness of NFT Segments and Media Coverage: Fresh Evidence Based on News About the COVID-19 Pandemic

Document Type

Article

Source of Publication

Finance Research Letters

Publication Date

6-2-2022

Abstract

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.

ISSN

1544-6131

Publisher

Elsevier BV

First Page

103031

Last Page

103031

Disciplines

Business

Keywords

Connectedness, COVID-19, non-fungible tokens (NFT), spillover, media coverage

Indexed in Scopus

no

Open Access

yes

Open Access Type

Bronze: This publication is openly available on the publisher’s website but without an open license

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