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DC Field | Value | Language |
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dc.contributor.author | Xiong, X | - |
dc.contributor.author | Meng, Y | - |
dc.contributor.author | Joseph, NL | - |
dc.contributor.author | Shen, D | - |
dc.date.accessioned | 2023-01-28T15:08:27Z | - |
dc.date.available | 2023-01-28T15:08:27Z | - |
dc.date.issued | 2020-09-08 | - |
dc.identifier | ORCID iD: Nathan Lael Joseph https://orcid.org/0000-0002-2182-0847 | - |
dc.identifier | 101576 | - |
dc.identifier.citation | Xiong, X. et al. (2020) 'Stock mispricing, hard-to-value stocks and the influence of internet stock message boards', International Review of Financial Analysis, 72, 101576, pp. 1 - 14. doi: 10.1016/j.irfa.2020.101576. | en_US |
dc.identifier.issn | 1057-5219 | - |
dc.identifier.uri | https://bura.brunel.ac.uk/handle/2438/25885 | - |
dc.description.abstract | In recent years, the predictability of Internet Stock Message Board (ISMB) postings has been intensively investigated. However, the underlying mechanisms driving the ISMB postings and their influence on hard-to-value stocks remain largely unexplored. In this paper, we show that the information contained in the process underlying ISMB postings contains characteristics that are associated with investor sentiment. In particular, we show that short-term ISMB postings contain persistence in hard-to-value stocks and stocks with high ISMB postings underperform in the long-term. Our empirical findings indicate that ISMB postings proxy reasonably well for firm-specific investor sentiment and are associated with temporary mispricing in stocks. | en_US |
dc.description.sponsorship | National Natural Science Foundation of China (71532009, 71790594 and 71701150). | en_US |
dc.format.extent | 1 - 14 | - |
dc.format.medium | Print-Electronic | - |
dc.language | English | - |
dc.language.iso | en_US | en_US |
dc.publisher | Elsevier | en_US |
dc.rights | Copyright © 2020, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (https://creativecommons.org/licenses/by-nc-nd/4.0/). | - |
dc.rights.uri | https://creativecommons.org/licenses/by-nc-nd/4.0/ | - |
dc.subject | Internet stock message board | en_US |
dc.subject | firm-specific investor sentiment | en_US |
dc.subject | sentiment-driven mispricing | en_US |
dc.subject | behavioral biases | en_US |
dc.title | Stock mispricing, hard-to-value stocks and the influence of internet stock message boards | en_US |
dc.type | Article | en_US |
dc.identifier.doi | https://doi.org/10.1016/j.irfa.2020.101576 | - |
dc.relation.isPartOf | International Review of Financial Analysis | - |
pubs.publication-status | Published | - |
pubs.volume | 72 | - |
dc.identifier.eissn | 1873-8079 | - |
dc.rights.holder | Elsevier | - |
Appears in Collections: | Dept of Economics and Finance Research Papers |
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FuillText.pdf | Copyright © 2020, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (https://creativecommons.org/licenses/by-nc-nd/4.0/). | 6.1 MB | Adobe PDF | View/Open |
This item is licensed under a Creative Commons License