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Article: Wisdom of crowds: The value of stock opinions transmitted through social media

TitleWisdom of crowds: The value of stock opinions transmitted through social media
Authors
Chen, HDe, PHu, YJHwang, BH
Issue Date2014
Citation
Review of Financial Studies, 2014, v. 27, n. 5, p. 1367-1403 How to Cite?
DOI: http://dx.doi.org/10.1093/rfs/hhu001
AbstractSocial media has become a popular venue for individuals to share the results of their own analysis on financial securities. This paper investigates the extent to which investor opinions transmitted through social media predict future stock returns and earnings surprises. We conduct textual analysis of articles published on one of the most popular social media platforms for investors in the United States. We also consider the readers' perspective as inferred via commentaries written in response to these articles. We find that the views expressed in both articles and commentaries predict future stock returns and earnings surprises. © The Author 2014.
Persistent Identifierhttp://hdl.handle.net/10722/267581
ISSN
0893-9454
2021 Impact Factor: 8.414
2020 SCImago Journal Rankings: 12.800
SSRN
1807265
ISI Accession Number ID
WOS:000334682500003

 

DC FieldValueLanguage
dc.contributor.authorChen, H-
dc.contributor.authorDe, P-
dc.contributor.authorHu, YJ-
dc.contributor.authorHwang, BH-
dc.date.accessioned2019-02-22T04:08:25Z-
dc.date.available2019-02-22T04:08:25Z-
dc.date.issued2014-
dc.identifier.citationReview of Financial Studies, 2014, v. 27, n. 5, p. 1367-1403-
dc.identifier.issn0893-9454-
dc.identifier.urihttp://hdl.handle.net/10722/267581-
dc.description.abstractSocial media has become a popular venue for individuals to share the results of their own analysis on financial securities. This paper investigates the extent to which investor opinions transmitted through social media predict future stock returns and earnings surprises. We conduct textual analysis of articles published on one of the most popular social media platforms for investors in the United States. We also consider the readers' perspective as inferred via commentaries written in response to these articles. We find that the views expressed in both articles and commentaries predict future stock returns and earnings surprises. © The Author 2014.-
dc.languageeng-
dc.relation.ispartofReview of Financial Studies-
dc.titleWisdom of crowds: The value of stock opinions transmitted through social media-
dc.typeArticle-
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1093/rfs/hhu001-
dc.identifier.scopuseid_2-s2.0-84898921248-
dc.identifier.volume27-
dc.identifier.issue5-
dc.identifier.spage1367-
dc.identifier.epage1403-
dc.identifier.eissn1465-7368-
dc.identifier.isiWOS:000334682500003-
dc.identifier.ssrn1807265-
dc.identifier.issnl0893-9454-

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