M Keloharju, S Knüpfer… - Chicago Booth Research …, 2011 - aida.wss.yale.edu
This paper shows that individuals' product market choices influence their investment decisions. Using microdata from the brokerage and automotive industries, we find a strong …
The paper consists of two essays, both associating customer sentiment with firm performance. The first essay investigates the power of User-Generated Content (UGC) in …
We document that market-wide investor sentiment is positively related with IPO underpricing over and above firm-level sentiment. This relationship is more pronounced in high sentiment …