Social media effect, investor recognition and the cross-section of stock returns
Volume: 67, Pages: 101432 - 101432
Published: Jan 1, 2020
Abstract
Investor recognition affects cross-sectional stock returns. In informationally incomplete markets, investors have limited recognition of all securities, and their holding of stocks with low recognition requires compensation for being imperfectly diversified. Using the number of posts on the Chinese social media platform Guba to measure investor recognition of stocks, this paper provides a direct test of Merton's investor recognition hypothesis....
Paper Details
Title
Social media effect, investor recognition and the cross-section of stock returns
Published Date
Jan 1, 2020
Volume
67
Pages
101432 - 101432
Citation AnalysisPro
You’ll need to upgrade your plan to Pro
Looking to understand the true influence of a researcher’s work across journals & affiliations?
- Scinapse’s Top 10 Citation Journals & Affiliations graph reveals the quality and authenticity of citations received by a paper.
- Discover whether citations have been inflated due to self-citations, or if citations include institutional bias.
Notes
History