What Do Employees Know? Evidence from a Social Media Platform
Abstract
We use employee predictions of their companies' six-month business outlook from Glassdoor.com to assess the information content of employee social media disclosures. We find that average employee outlook is incrementally informative in predicting future operating performance. Its information content is greater when the disclosures are aggregated from a larger, more diverse, more knowledgeable employee base, consistent with the wisdom of crowds...
Paper Details
Title
What Do Employees Know? Evidence from a Social Media Platform
Published Date
Aug 1, 2019
Journal
Volume
95
Issue
2
Pages
199 - 226
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