Activities per year
Abstract / Description of output
In this study we develop a model to analyse the interplay between coverage of a firm on social media, financial reporting opacity and stock return comovement. Our model predicts a negative association between social media coverage and co-movement, because social media facilitates the incorporation of firm-specific information into stock price. It is also predicted that the effect of social media coverage on comovement is more pronounced among firms with higher financial reporting opacity. Using data collected from Seeking Alpha, the largest crowdsourced social media that provides “third-party generated” financial analysis in US, we find results consistent with the model predictions.
Original language | English |
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Article number | 100511 |
Journal | Journal of Financial Markets |
Volume | 50 |
Early online date | 22 Oct 2019 |
DOIs | |
Publication status | Published - Sept 2020 |
Keywords / Materials (for Non-textual outputs)
- social media
- comovement
- Seeking Alpha
- financial reporting opacity
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Dive into the research topics of 'Social media, financial reporting opacity and return comovement: Evidence from Seeking Alpha'. Together they form a unique fingerprint.Activities
- 3 Participation in conference
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Social Finance and Financial Tech Conference
Hang Zhou (Presenter)
17 May 2018Activity: Participating in or organising an event types › Participation in conference
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China International Risk Forum
Hang Zhou (Presenter)
2018Activity: Participating in or organising an event types › Participation in conference
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2017 FMA Asia/Pacific Conference
Hang Zhou (Presenter)
2017Activity: Participating in or organising an event types › Participation in conference