Inactive Working Papers

Do Smartphones Transform Information Transmission in Financial Markets? Evidence from StockTwits

Tweets posted via smartphones predict next-day returns and news, suggesting smartphones facilitate rapid access to information.

Executive Pay-for-Performance Sensitivity and Stochastic Volatility

PPS decreases in both short- and long-run volatilities, but only the short-run volatility affects executives' incentive.

Do Institutional Investors Affect News Coverage? The Role of Media Ownership

A media outlet issues more positive news coverage of a firm when they have common institutional investors.