“Social Interactions and Lottery Stock Mania”
Heightened social media activity about a stock predicts extreme daily price run-ups. Heavy social media discussion of such lottery event stocks is followed by heavy retail buying—espec. by Robinhood users—and then lower returns. /1
Princeton Energy Conference 2024:
BCF Visiting Professor, Lin Peng (@LinPengFin), moderates the panel on ‘Financing the Energy Transition.’ Specializing in ESG and sustainability, she has led SEC seminars and been featured in the WSJ and FT.
Register: https://t.co/r7P86bpQeS
Excited to share that our new paper (with Linyi Zhang) is now published in Management Science: "Unleashing the Crowd: The Effect of Social Networks in #Crowdfunding Markets." #SocialNetworks increase project visibility, disseminate information, and shape capital allocation.
Key findings:
• Investors 50% more likely to fund projects peers support
• 11% more likely to fund projects from regions with strong social ties
• Effects amplified on platforms prioritizing transparency
• Social networks help mitigate negative impacts of disasters on funding
Key insights:
1. Analysts’ perceived trustworthiness and dominance positively linked to forecast accuracy.
2. Perceptions of dominance improves male analysts’ career outcomes, but substantially hurts female analysts’ career outcomes. Full paper: https://t.co/DGicbJanF2
🚀 Excited to share my research (with Siew Hong Teoh, Yakun Wang, and Jiawen Yan) showcased in @chicagoboothrev. We apply social psychology and #AI techniques to study the importance of first impressions about financial analysts https://t.co/YWgMLdPhcB
🎉Publication News🎉: 'Unleashing the Crowd: the Effect of Social Networks in Crowdfunding Markets' by #KeynesFund PI @LinPengFin & co-author has been accepted by Management Science.
It also won 'Best Paper Award', 2021 Int Conf on Smart Finance!
➡️https://t.co/cL25DsSY1V
📢 Congratulations to @LinPengFin & co-authors for winning 1st place in Driehaus Center for Behavioral Finance Research Prize!
'News Diffusion in Social Networks & Stock Market Reactions'
Accepted by 'The Review of Financial Studies' too.
#KeynesFund
➡️ https://t.co/H3vsJEuy14
We also find hints of #genderbias—perceptions of dominance improves male analysts’ career outcomes, but substantially hurts female analysts’ career outcomes. Paper is available https://t.co/DGicbJanF2
Happy to share that my paper, Face Value: Trait Inference, Performance Characteristics, and Market Outcomes for Financial Analysts, with Siew Hong Teoh, Yakun Wang and Jiawen Yan, has been recognized as one of the most widely read papers published by the JAR.
We apply social psychology and #AI to study first impressions about financial Analysts. We find that analysts’ perceived trustworthiness and dominance improve forecast accuracy, whereas attractiveness improves accuracy only for new analysts or in firms with new management.
Video of my recent virtual presentation, "Social Finance: To Infinity and Beyond," Financial Management Association
https://t.co/bMMMRb0zE9
#SocialFinance#SocialEcon
Looking forward to presenting my research "Promoting Corporate Sustainability Through Executive Pay: Evidence from Around the World" at the NGO Sustainability Annual Meeting @ngosusinc https://t.co/vwAWwA9v05
A fun learning experience with brilliant Baruch students. Enormous thanks to Frederick Cooper, SVP Toll Brothers; Eric Landau, President, Brooklyn Bridge Park; Bernd Pichler, area Managing Director, 1 Hotels; and Ailey Roberts, Global Head of Sustainable Investing, BGO.
👏This past April, Zicklin & Weissman students studied climate change solutions on a experiential field trip to 1 Hotel Brooklyn Bridge.
Read more: https://t.co/q7Tl2gLpI1 #ZicklinBusiness#BaruchCollege#climatechange
Happy to announce the program for AI in Finance/RFS conference at Columbia in June!
https://t.co/XA7bv2wsoF
We received 150 submissions: so many interesting papers! It is truly inspiring to witness many brilliant minds delving into the implications of AI in finance.
📚 A must-read for anyone interested in social learning and information cascades! In this comprehensive review, leading scholars cover crucial theoretical developments of the past 30 years, offering a thought-provoking look at the field's foundations and frontiers. 🌟💡