报告题目：How Does Social Media Affect Corporate Innovation? Evidence from Seeking Alpha Coverage

报 告 人：Buhui Qiu（悉尼大学）

报告时间：2021年11月23日（周二）9:00-10:30

报告地点：ZOOM平台在线交流（会议ID：974 4149 9789；会议密码：110501）

ZOOM App下载链接：//zoom.us/download, 亦可点击以下链接直接参加会议：//hawaii.zoom.us/j/97441499789

主办单位：应用金融与行为科学学院

【报告人简介】

Buhui Qiu received his PhD in Finance from the University of Cincinnati in July 2009. He also holds an Advanced Diploma from Moore Theological College, a Master of Arts in Accounting from Sun Yat-sen University, a Graduate Diploma from Johns Hopkins University-Nanjing University Center for Chinese and American Studies, and a Bachelor of Science in Physics from Fudan University. Prior to joining the University of Sydney, he was a faculty member at Rotterdam School of Management, Erasmus University Rotterdam. Before pursuing an academic career, he worked as a financial analyst and advanced financial consultant at Ford, PwC Consulting and IBM. His research interests are in the broad areas of corporate finance, accounting and capital markets. His academic articles have been published (or accepted for publication) in major international journals in accounting, finance, international business and business law such as The Accounting Review, Management Science, Journal of Financial and Quantitative Analysis, Journal of International Business Studies, Contemporary Accounting Research, Journal of Money, Credit and Banking, Harvard Business Law Review, Journal of Financial Stability, Journal of Banking and Finance, Journal of Corporate Finance, Journal of Business Finance and Accounting, among others. He has received multiple international research awards including two Chicago Quantitative Alliance (CQA) Academic Competition Awards. He is a recipient of the Australian Research Council Discovery Project Grant (Lead Investigator). He is a recipient of the University of Sydney Business School Excellence in Research Award and a finalist of the SUPRA Supervisor of the Year Award. He was nominated by students for the Wayne Lonergan Award for Excellent Teaching and is a recipient of the Dean's Citation Award for Teaching. His research papers have been presented in major economics, finance, and accounting conferences such as American Economic Association (AEA) meeting, Western Finance Association (WFA) meeting, and American Accounting Association Financial Accounting and Reporting Section (FARS) meeting. His research has been cited by various media including The Economist.

【内容摘要】

Using a comprehensive sample of firm coverage initiation on social media platform Seeking Alpha (SA) and innovation activities from 2008 to 2018, we find that SA coverage initiation promotes multiple dimensions of corporate innovation such as quantity, quality, novelty and efficiency. We further find that firms with higher information asymmetry and those facing intense product market competition experience a greater increase in innovation outcomes following SA coverage initiation. Our findings suggest that third-party generated information on specialized social media mitigates the information asymmetry between firms and investors on corporate innovation activities and promotes corporate innovation.

撰稿：赵鹏辉  审核：李凤羽  单位：应用金融与行为科学学院