Not all that glitters is gold: The effect of attention and blogs on the investors' investing behaviors

• Main Authors: HU, Nan, DONG, Yi, LIU, Ling, YAO, Lee J.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2013
• Subjects: blog; expected return; limited attention; self-attribution; short-sale constraints; word of mouth communication; Computer Sciences; Finance and Financial Management; Technology and Innovation
• Online Access: https://ink.library.smu.edu.sg/sis_research/1; https://ink.library.smu.edu.sg/context/sis_research/article/1000/viewcontent/NotAllGlittersGoldBlogsInvestingBehav_2013.pdf
• Institution: Singapore Management University

This article investigates the relationship between a firm’s visibility in blogspaces, termed blog exposure, and the cross-sectional stock returns. We show that blog exposure is fundamentally different from the traditional media coverage, and securities with low blog exposure earn higher returns than...