Is User-Generated Twittersphere Activity Associated with Stock Market Reactions to 8-K Filings?
Abstract
Prior studies have demonstrated that company-generated tweets as a device for the dissemination of corporate announcements help reduce information asymmetry. This paper demonstrates that user-generated tweets around corporate announcements have information content in addition to the information content of the announcement itself. Using a sample of S&P 1500 firms, we test the effects of abnormal levels of user-generated tweets and abnormal...
Paper Details
Title
Is User-Generated Twittersphere Activity Associated with Stock Market Reactions to 8-K Filings?
Published Date
Apr 1, 2021
Volume
35
Issue
2
Pages
195 - 217
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