Open Access Journal Article

Regime Change Operation in Pakistan: Examining Yield as a Behavioral Pattern of Microblogging rumors during the Political-Obsessed Period

by Jawad Saleemi a,* orcid
a
Business School, Universitat Politècnica de València, Valencia, Spain
*
Author to whom correspondence should be addressed.
EAL  2023, 20; 2(2), 20; https://doi.org/10.58567/eal02020002
Received: 24 March 2023 / Accepted: 7 May 2023 / Published Online: 14 May 2023
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Abstract

In the behavioral domain, this study discloses the pattern between microblogging-opinionated information and yields on the investment. This phenomenon is particularly related to the political instability in the Pakistan’s economy through the multivariate techniques. Pre-political crisis, the pessimistic sentiments were priced in yields on the investment. In environments of political instability, the intensity of decline in yields was more responsive against an incline in the negative opinions. Meanwhile, the intensity of increase in returns was less responsive against an incline in the positive opinions. The findings were further supported by the Bayesian approach. Before the political instability takes place in the Pakistan’s economy, the occurrence of yields was noted in response to the bearish market period. Post-political instability, there was a higher posterior probability for occurrence of returns against the bearish market period. Conversely, a higher posterior likelihood was noted for occurrence of investment’s yields in response to the bullish market period, but this relevance was not completely probable. From the impulse response analysis, the response of returns was reported against the standard deviation shocks in the microblogging sentiment indicators. The analysis may have potential implications in terms of disclosing the investors’ behavior from a political perspective.

Keywords: Political Instability; behavioral perspective; microblogging sentiment indicators; yields;
Copyright: © 2023 by Saleemi. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
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ACS Style
Saleemi, J. Regime Change Operation in Pakistan: Examining Yield as a Behavioral Pattern of Microblogging rumors during the Political-Obsessed Period. Economic Analysis Letters, 2023, 2, 20. https://doi.org/10.58567/eal02020002
AMA Style
Saleemi J. Regime Change Operation in Pakistan: Examining Yield as a Behavioral Pattern of Microblogging rumors during the Political-Obsessed Period. Economic Analysis Letters; 2023, 2(2):20. https://doi.org/10.58567/eal02020002
Chicago/Turabian Style
Saleemi, Jawad 2023. "Regime Change Operation in Pakistan: Examining Yield as a Behavioral Pattern of Microblogging rumors during the Political-Obsessed Period" Economic Analysis Letters 2, no.2:20. https://doi.org/10.58567/eal02020002
APA style
Saleemi, J. (2023). Regime Change Operation in Pakistan: Examining Yield as a Behavioral Pattern of Microblogging rumors during the Political-Obsessed Period. Economic Analysis Letters, 2(2), 20. https://doi.org/10.58567/eal02020002

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