ABSTRACT
It is argued that emerging technologies lead to increased stock volatility. However, the empirical results are mixed, and the causes are unclear. This paper analyses the topic by applying a systematic literature review. We find that stock volatility has increased overall because of emerging technologies and identify the main drivers as the uncertain nature of emerging technologies, greater complexity to calculate fundamental values, the idiosyncratic nature of over-enthusiastic and novice investors, and intangible asset-driven emerging technologies. Additionally, some properties of emerging technologies are explored.
