File Download
There are no files associated with this item.
Supplementary
-
Citations:
- Scopus: 0
- Appears in Collections:
Conference Paper: Does Monetary Incentive Lead to Better Stock Recommendations on Social Media?
Title | Does Monetary Incentive Lead to Better Stock Recommendations on Social Media? |
---|---|
Authors | |
Keywords | Blog Wisdom of crowds Investment Monetary incentive Stock market |
Issue Date | 2018 |
Citation | 38th International Conference on Information Systems (ICIS 2017): Transforming Society with Digital Innovation, Seoul, South Korea, 10-13 December 2017. In ICIS 2017 Proceedings, 2018 How to Cite? |
Abstract | Social media not only is a new channel to obtain financial market information but also becomes the venue for investors to share and exchange investment ideas. We examine the performance consequences of providing monetary incentive to amateur analysts on social media and its implications for crowd-sourced equity research. We find that monetary incentive is effective in increasing the amount of content outputs but does not lead to better stock recommendations. Additional analysis suggests that monetary incentive results in wider stock coverage, a sign of increased content diversity. This study contributes to the understanding of incentive mechanisms for social media communities in the financial context. |
Persistent Identifier | http://hdl.handle.net/10722/267596 |
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Chen, H | - |
dc.contributor.author | Hu, YJ | - |
dc.contributor.author | Huang, S | - |
dc.date.accessioned | 2019-02-22T04:08:27Z | - |
dc.date.available | 2019-02-22T04:08:27Z | - |
dc.date.issued | 2018 | - |
dc.identifier.citation | 38th International Conference on Information Systems (ICIS 2017): Transforming Society with Digital Innovation, Seoul, South Korea, 10-13 December 2017. In ICIS 2017 Proceedings, 2018 | - |
dc.identifier.uri | http://hdl.handle.net/10722/267596 | - |
dc.description.abstract | Social media not only is a new channel to obtain financial market information but also becomes the venue for investors to share and exchange investment ideas. We examine the performance consequences of providing monetary incentive to amateur analysts on social media and its implications for crowd-sourced equity research. We find that monetary incentive is effective in increasing the amount of content outputs but does not lead to better stock recommendations. Additional analysis suggests that monetary incentive results in wider stock coverage, a sign of increased content diversity. This study contributes to the understanding of incentive mechanisms for social media communities in the financial context. | - |
dc.language | eng | - |
dc.relation.ispartof | ICIS 2017 Proceedings | - |
dc.subject | Blog | - |
dc.subject | Wisdom of crowds | - |
dc.subject | Investment | - |
dc.subject | Monetary incentive | - |
dc.subject | Stock market | - |
dc.title | Does Monetary Incentive Lead to Better Stock Recommendations on Social Media? | - |
dc.type | Conference_Paper | - |
dc.identifier.scopus | eid_2-s2.0-85041741305 | - |