Purpose – The purpose of this paper is to explore social media’s impact on organizational knowledge quality through the theoretical lens of social capital and resource exchange. Design/methodology/approach – Theory-confirming, quantitative study using panel data collected through web-based...

This paper investigates the impact of social media on financial reporting quality. By analyzing data from the leading Internet stock message board in China, we demonstrate that postings on stock message boards could promote earnings management. This finding is further enhanced by employing the...

Investor recognition affects cross-sectional stock returns. In informationally incomplete markets, investors have limited recognition of all securities, and their holding of stocks with low recognition requires compensation for being imperfectly diversified. Using the number of posts on the...

This paper studies how the voice of retail investors influences corporate innovation. Examining the relation between postings on Internet stock message boards and firms’ innovation output, we find that individual investors’ online discussions can promote innovation. To establish causality,...