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Article: The Rate of Communication
| Title | The Rate of Communication |
|---|---|
| Authors | |
| Issue Date | 2020 |
| Publisher | Elsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jfec |
| Citation | Journal of Financial Economics (Forthcoming) How to Cite? |
| Abstract | We study the transmission of financial news and opinions through social interactions. We identify a series of plausibly exogenous shocks, which cause “treated investors” to trade abnormally. We then trace out the “contagion” of abnormal trading activity from the treated investors to their neighbors and their neighbors’ neighbors, which, coupled with methodology drawn from epidemiology, allows us to estimate the rate of communication and how much such rate varies with characteristics of the underlying investor population. |
| Persistent Identifier | http://hdl.handle.net/10722/284763 |
| ISSN | 2021 Impact Factor: 8.238 2020 SCImago Journal Rankings: 11.673 |
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Huang, S | - |
| dc.contributor.author | Hwang, BH | - |
| dc.contributor.author | Lou, D | - |
| dc.date.accessioned | 2020-08-07T09:02:18Z | - |
| dc.date.available | 2020-08-07T09:02:18Z | - |
| dc.date.issued | 2020 | - |
| dc.identifier.citation | Journal of Financial Economics (Forthcoming) | - |
| dc.identifier.issn | 0304-405X | - |
| dc.identifier.uri | http://hdl.handle.net/10722/284763 | - |
| dc.description.abstract | We study the transmission of financial news and opinions through social interactions. We identify a series of plausibly exogenous shocks, which cause “treated investors” to trade abnormally. We then trace out the “contagion” of abnormal trading activity from the treated investors to their neighbors and their neighbors’ neighbors, which, coupled with methodology drawn from epidemiology, allows us to estimate the rate of communication and how much such rate varies with characteristics of the underlying investor population. | - |
| dc.language | eng | - |
| dc.publisher | Elsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/jfec | - |
| dc.relation.ispartof | Journal of Financial Economics | - |
| dc.title | The Rate of Communication | - |
| dc.type | Article | - |
| dc.identifier.email | Huang, S: huangsy@hku.hk | - |
| dc.identifier.authority | Huang, S=rp02052 | - |
| dc.identifier.hkuros | 312016 | - |
| dc.publisher.place | Netherlands | - |
| dc.identifier.issnl | 0304-405X | - |