Please use this identifier to cite or link to this item: http://hdl.handle.net/10125/41325

What do they mean? Using Media Richness as an Indicator for the Information Value of Stock Analyst Opinion regarding post-earnings Firm Performance

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Title: What do they mean? Using Media Richness as an Indicator for the Information Value of Stock Analyst Opinion regarding post-earnings Firm Performance
Authors: Eickhoff, Matthias
Keywords: Earnings Release
Firm Performance
Media Richness Theory
Stock Analysts
Topic Mining
Issue Date: 04 Jan 2017
Abstract: In this research the impact of media-richness on the investor reaction to earnings announcements is investigated. To this end, unstructured (high-richness) sources of analyst opinion are subjected to text-mining and combined with structured (low-richness) sources of analyst opinion, as well as other commonly used structured data relevant to company performance. Results indicate that equivocality is a major problem faced by investors, while uncertainty as understood by media-richness theory appears to be less dominant.
Pages/Duration: 10 pages
URI/DOI: http://hdl.handle.net/10125/41325
ISBN: 978-0-9981331-0-2
DOI: 10.24251/HICSS.2017.172
Rights: Attribution-NonCommercial-NoDerivatives 4.0 International
Appears in Collections:Machine Learning and Network Analytics in Finance Minitrack



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