Stock Message Boards A Quantitative Approach to Measuring Investor S

Stock Message Boards provides empirical data to reveal how online communication not only impacts stock returns, but also volatility, trading volume, and liquidity, as well as an investing firm's value and reputation.

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10.1057/9781137372598 - Stock Message Boards, Ying Zhang

Copyright material from www.palgraveconnect.com - licensed to New York University - Waldmann Dental Library - PalgraveConnect - 2015-05-17

Stock Message Boards

10.1057/9781137372598 - Stock Message Boards, Ying Zhang

Copyright material from www.palgraveconnect.com - licensed to New York University - Waldmann Dental Library - PalgraveConnect - 2015-05-17

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A Quantitative Approach to Measuring Investor Sentiment Ying Zhang

10.1057/9781137372598 - Stock Message Boards, Ying Zhang

Copyright material from www.palgraveconnect.com - licensed to New York University - Waldmann Dental Library - PalgraveConnect - 2015-05-17

Stock Message Boards

stock message boards

Copyright © Ying Zhang, 2014. First published in 2014 by PALGRAVE MACMILLAN® in the United States—­a division of St. Martin’s Press LLC, 175 Fifth Avenue, New York, NY 10010. Where this book is distributed in the UK, Europe and the rest of the world, this is by Palgrave Macmillan, a division of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS. Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world. Palgrave® and Macmillan® are registered trademarks in the United States, the United Kingdom, Europe and other countries. ISBN: 978–1–137–37417–2 Library of Congress Cataloging-in-Publication Data Zhang, Ying, 1979–    Stock message boards : a quantitative approach to measuring investor sentiment / Ying Zhang.     pages cm    Includes bibliographical references and index.    ISBN 978–1–137–37417–2 (hardback)    1. Stocks—Computer network resources. 2. Investments—Computer network resources. 3. Internet. I. Title. HG4515.95.Z44 2014 332.60285'4693—dc23

2014024282

A catalogue record of the book is available from the British Library. Design by Newgen Knowledge Works (P) Ltd., Chennai, India. First edition: December 2014 10  9  8  7  6  5  4  3  2  1

10.1057/9781137372598 - Stock Message Boards, Ying Zhang

Copyright material from www.palgraveconnect.com - licensed to New York University - Waldmann Dental Library - PalgraveConnect - 2015-05-17

All rights reserved.

10.1057/9781137372598 - Stock Message Boards, Ying Zhang

Copyright material from www.palgraveconnect.com - licensed to New York University - Waldmann Dental Library - PalgraveConnect - 2015-05-17

To Biyun, Ike, and Ivy Zhang

10.1057/9781137372598 - Stock Message Boards, Ying Zhang

Copyright material from www.palgraveconnect.com - licensed to New York University - Waldmann Dental Library - PalgraveConnect - 2015-05-17

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List of Figures

ix

List of Tables

xi

  1 Why Pay Attention to Stock Message Boards?

1

  2 A Variety of Stock Message Boards

19

  3 About Stock Message Board Posters

39

  4 Why Do People Post Messages on Stock Message Boards?

53

  5 Modeling the Value of a Stock Message Board

67