The rate of communication
We study the transmission of financial news and opinions through social interactions among retail investors in the United States. We identify a series of plausibly exogenous shocks, which cause “treated investors” to trade abnormally. We then trace the “contagion” of abnormal trading activity from t...
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sg-ntu-dr.10356-1597482023-05-19T07:31:18Z The rate of communication Huang, Shiyang Hwang, Byoung-Hyoun Lou, Dong Nanyang Business School Business::Finance Social Interaction Investor Communication We study the transmission of financial news and opinions through social interactions among retail investors in the United States. We identify a series of plausibly exogenous shocks, which cause “treated investors” to trade abnormally. We then trace the “contagion” of abnormal trading activity from the treated investors to their neighbors and their neighbors’ neighbors. Coupled with methodology drawn from epidemiology, our setting allows us to estimate the rate of communication and how it varies with the characteristics of the underlying investor population. 2022-06-30T07:57:39Z 2022-06-30T07:57:39Z 2021 Journal Article Huang, S., Hwang, B. & Lou, D. (2021). The rate of communication. Journal of Financial Economics, 141(2), 533-550. https://dx.doi.org/10.1016/j.jfineco.2021.03.013 0304-405X https://hdl.handle.net/10356/159748 10.1016/j.jfineco.2021.03.013 2-s2.0-85104412099 2 141 533 550 en Journal of Financial Economics © 2021 Elsevier B.V. All rights reserved. |
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Business::Finance Social Interaction Investor Communication Huang, Shiyang Hwang, Byoung-Hyoun Lou, Dong The rate of communication |
| description |
We study the transmission of financial news and opinions through social interactions among retail investors in the United States. We identify a series of plausibly exogenous shocks, which cause “treated investors” to trade abnormally. We then trace the “contagion” of abnormal trading activity from the treated investors to their neighbors and their neighbors’ neighbors. Coupled with methodology drawn from epidemiology, our setting allows us to estimate the rate of communication and how it varies with the characteristics of the underlying investor population. |
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Nanyang Business School |
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Nanyang Business School Huang, Shiyang Hwang, Byoung-Hyoun Lou, Dong |
| format |
Article |
| author |
Huang, Shiyang Hwang, Byoung-Hyoun Lou, Dong |
| author_sort |
Huang, Shiyang |
| title |
The rate of communication |
| title_short |
The rate of communication |
| title_full |
The rate of communication |
| title_fullStr |
The rate of communication |
| title_full_unstemmed |
The rate of communication |
| title_sort |
rate of communication |
| publishDate |
2022 |
| url |
https://hdl.handle.net/10356/159748 |
| _version_ |
1772826801082466304 |