Twitter is more than rantin’ and ravin’ and snarky memes. It can influence stock returns, according to Alexander Kurov, professor and Fred T. Tattersall research chair in finance. Kurov and Chen Gu, a 2018 graduate of the finance doctoral program, found that firm-level Twitter content has information useful for predicting next-day stock returns, and that it is a stronger predictor of returns for firms with less analyst coverage. Their study, “ Informational role of social media: Evidence from Twitter sentiment,” is published in the Journal of Banking and Finance.
February Research Successes
Our roundup of Chambers College research publications, media appearances, awards, achievements and other noteworthy tidbits.
Goal!
Management Information Systems alumnus Jack Elliott helped the Philadelphia Union win the Supporters Shield, given for finishing first in the Major League Soccer regular season. Elliott, who played for the WVU soccer team from 2013 to 2016, plays as a defender.
Is PEPSI ok?
Actually, it’s more than OK for Amy Toscano, who graduated in May with a global supply chain management degree. Toscano, of East Stroudsburg, Pa., quickly fizzed into the workforce with a supply chain position with PepsiCo, which Toscano calls “a global brand that encourages my personal growth that started with great experiences at the Chambers College – both in and out of the classroom.”
A River Runs Through Wall Street
Chambers College alumnus Michael Shalhoup was recently profiled in Forbes for his work in the field of wealth management. This proud West Virginian and avid fly fisherman has emerged as a prominent figure in the finance industry, overseeing more than $1.7 billion in assets at Merrill Lynch.
Mountaineers Sans Frontières
Students working with the Robbins Center for Global Business and Strategy took part in an experiential learning project that combined local service with international impact.