Between profit and morality. Evidence from Robinhood investors trades in sin stocks

Bibliographic Details
Main Author: Omicioli, Gianmarco
Publication Date: 2023
Format: Master thesis
Language: eng
Source: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Download full: http://hdl.handle.net/10362/172208
Summary: This paper aims to study the behavior of Robinhood investors in the “Triumvirate of Sin” sectors, meaning tobacco, alcohol and casinos. The analysis includes several factors such as companies’ fundamentals, market sentiment, Google Trends and analyst coverage. Although sin industries are often studied collectively due to their similarities, my model portrays a different scenario for the three businesses, which is closely tied to the severity of the pandemic. In particular, a boost in the number of traders per day comes with an increase in share price only for the tobacco and alcohol sectors, while gambling has been adversely affected by the shutdowns of casinos, leading to a drastic drop in earnings.
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spelling Between profit and morality. Evidence from Robinhood investors trades in sin stocksFintechRobinhoodRetail investorsBehavioral financeSin stocksDomínio/Área Científica::Ciências Sociais::Economia e GestãoThis paper aims to study the behavior of Robinhood investors in the “Triumvirate of Sin” sectors, meaning tobacco, alcohol and casinos. The analysis includes several factors such as companies’ fundamentals, market sentiment, Google Trends and analyst coverage. Although sin industries are often studied collectively due to their similarities, my model portrays a different scenario for the three businesses, which is closely tied to the severity of the pandemic. In particular, a boost in the number of traders per day comes with an increase in share price only for the tobacco and alcohol sectors, while gambling has been adversely affected by the shutdowns of casinos, leading to a drastic drop in earnings.Gianinazzi, VirginiaRUNOmicioli, Gianmarco2024-09-23T08:18:44Z2023-06-202023-05-202023-06-20T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/172208TID:203365380enginfo:eu-repo/semantics/openAccessreponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2024-09-30T01:40:47Zoai:run.unl.pt:10362/172208Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-28T18:54:14.999047Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse
dc.title.none.fl_str_mv Between profit and morality. Evidence from Robinhood investors trades in sin stocks
title Between profit and morality. Evidence from Robinhood investors trades in sin stocks
spellingShingle Between profit and morality. Evidence from Robinhood investors trades in sin stocks
Omicioli, Gianmarco
Fintech
Robinhood
Retail investors
Behavioral finance
Sin stocks
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short Between profit and morality. Evidence from Robinhood investors trades in sin stocks
title_full Between profit and morality. Evidence from Robinhood investors trades in sin stocks
title_fullStr Between profit and morality. Evidence from Robinhood investors trades in sin stocks
title_full_unstemmed Between profit and morality. Evidence from Robinhood investors trades in sin stocks
title_sort Between profit and morality. Evidence from Robinhood investors trades in sin stocks
author Omicioli, Gianmarco
author_facet Omicioli, Gianmarco
author_role author
dc.contributor.none.fl_str_mv Gianinazzi, Virginia
RUN
dc.contributor.author.fl_str_mv Omicioli, Gianmarco
dc.subject.por.fl_str_mv Fintech
Robinhood
Retail investors
Behavioral finance
Sin stocks
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic Fintech
Robinhood
Retail investors
Behavioral finance
Sin stocks
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description This paper aims to study the behavior of Robinhood investors in the “Triumvirate of Sin” sectors, meaning tobacco, alcohol and casinos. The analysis includes several factors such as companies’ fundamentals, market sentiment, Google Trends and analyst coverage. Although sin industries are often studied collectively due to their similarities, my model portrays a different scenario for the three businesses, which is closely tied to the severity of the pandemic. In particular, a boost in the number of traders per day comes with an increase in share price only for the tobacco and alcohol sectors, while gambling has been adversely affected by the shutdowns of casinos, leading to a drastic drop in earnings.
publishDate 2023
dc.date.none.fl_str_mv 2023-06-20
2023-05-20
2023-06-20T00:00:00Z
2024-09-23T08:18:44Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/172208
TID:203365380
url http://hdl.handle.net/10362/172208
identifier_str_mv TID:203365380
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
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dc.source.none.fl_str_mv reponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
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instname_str FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
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reponame_str Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
collection Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
repository.name.fl_str_mv Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
repository.mail.fl_str_mv info@rcaap.pt
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