演讲题目：The emergence of “social executives” and its consequences for financial markets

报告人：刘柏霄 副教授

时 间：4月27日（周二）10：00-11：30

地 点：嘉庚一507

主持人：江芷倩 助理教授

参加者：对会计、财务研究有兴趣的师生

摘要：We document the emergence of “social executives,” top executives who connect with investors directly, personally, and in real time through social media, and we study the consequences of this development for financial markets. We contend that the emergence of social executives enables investors to obtain value-relevant information to which they previously had no access, and that this enhancement to the information environment increases investor participation and improves stock market liquidity. Using data reflecting the personal Twitter account activity of the CEOs and CFOs of the largest publicly traded companies in the United States, we find evidence consistent with our hypothesis.

报告人简介：刘柏霄，现任美国佛罗里达州立大学商学院金融学副教授，他本科毕业于中国电子科技大学通信工程专业，后赴美国普渡大学商学院学习，并先后于2008年和2012年获得普渡大学MBA学位以及金融学博士学位。他的研究兴趣包括：财经媒体、卖空交易、行为金融以及金融科技。已有文章发表在如《Journal of Financial Economics》、《Journal of Financial and Quantitative Analysis》以及《Management Science》等国际顶级学术期刊上。