Discretionary dissemination on Twitter

• Main Authors: CROWLEY, Richard M., HUANG, Wenli, LU, Hai
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2024
• Subjects: disclosures; discretionary dissemination; social media; Twitter; Accounting; Corporate Finance; Social Media
• Online Access: https://ink.library.smu.edu.sg/soa_research/2052; https://ink.library.smu.edu.sg/context/soa_research/article/3079/viewcontent/DiscretionaryDissemination_Twitter_pvoa_cc_nc_nd.pdf
• Institution: Singapore Management University

The study provides large-scale descriptive evidence on the timing and nature of corporate financial tweeting. Using an unsupervised machine learning approach to analyze 24 million tweets posted by S&P 1500 firms from 2012 to 2020, we find that firms are more likely to tweet financial information...