Financial markets are filled with rumors because of information asymmetry. Although issuing clarification announcements is the most straightforward approach for organizations, previous research has mostly focused on analyzing the influence of rumors and the heterogeneity of their clarification...

Objective: The increasing availability of large administrative datasets has led to a particularly exciting innovation in criminal justice research, that of the “low-cost” randomized trial in which administrative data are used to measure outcomes in lieu of costly primary data collection. In...

The increasing availability of large administrative datasets has led to a particularly exciting innovation in criminal justice research, that of the "low-cost" randomized trial in which administrative data are used to measure outcomes in lieu of costly primary data collection. In this paper, we...

Using textual analysis and nonparametric estimation approach, we construct a measure of managerial optimism and examine its role in firm’s operation and financial performance. We find that managerial optimism positively impacts the stock return in next year through internal operational...

Despite our understanding that social media and online healthcare communities can help to eliminate health information asymmetry and improve patients’ self-care engagement, we have yet to understand what happens when patients have access to others’ health data and how patients’ access to...

Online peer-to-peer (P2P) lending, one of the most successful technology-enabled initiatives in the fintech revolution, has drastically changed the way individual investors and borrowers meet and transact. While prior research has found herding among investors at the listing level, such social...

This research examines the role of online anonymity in shaping herding behavior in peer-to-peer (P2P) lending markets. Drawing on theories from social psychology literature, we argue that a lender forms different credibility perceptions toward preceding peers per their anonymity status, and then...

Gamified challenges, one of the most popular features of online weight-loss communities, enable users to set weight-loss goals and compete with other challenge participants via leaderboards. In this paper, using the data from a leading online weight-loss community, we study the effect of...