Internet Message Board Activity and Market Efficiency: A Case Study of the Internet Service Sector using RagingBull.Com | Zendy

Tumarkin Robert | Zendy

AI Assistant Blog Pricing

Home ZAIA Blog

Premium

Internet Message Board Activity and Market Efficiency: A Case Study of the Internet Service Sector using RagingBull.Com

Author(s) -

Tumarkin Robert

Publication year - 2002

Publication title -

financial markets, institutions and instruments

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.386

H-Index - 23

eISSN - 1468-0416

pISSN - 0963-8008

DOI - 10.1111/1468-0416.11403

Subject(s) - the internet , business , service (business) , telecommunications , computer science , world wide web , marketing

This paper examines the relationships between Internet message-board activity and abnormal stock returns and between Internet message-board activity and abnormal trading volume. This study focuses on RagingBull.com and Internet service sector stocks. I choose RagingBull.com because its format enables me to measure investor opinion objectively. I find that on days with abnormally high message activity changes in investor opinion correlate with abnormal industry-adjusted returns. Additionally, days with abnormally high message activity coincide with abnormally high trading volume both that day and the following day. However, I find that, in general, message-board activity does not predict industry-adjusted returns or abnormal trading volume.

This content is not available in your region!

Continue researching here.

Having issues? You can contact us here

Accelerating Research