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.
Big Data, Bigger Wins
The year 2023 was a significant one for Data Driven WV. One of the Chambers College’s research and outreach centers, Data Driven WV works to improve living and working conditions statewide through data-centric and technological solutions, with clients ranging from small businesses to large corporations.
A Divine Business Plan
Religiosity can help turn believers into entrepreneurs, according to Nancy McIntyre, associate professor of management at the Chambers College. A study by McIntrye found that when religiosity is more than attending a place of worship — “when it’s a commitment to religious principles and activities” — it strengthens the desire to create a business with a conscience.
A Mountaineer in Town Hall
Some people take their business public. Chambers College alumnus Eric Mason took his business to the public.
Fans Arrive Like Butterflies
Large, one-off events such as music concerts can create economic impacts not seen from professional sports, suggests rockin’ research by Joshua Hall, chair and professor of economics. Hall and Justin Parker, a 2020 Ph.D. economics graduate, found that Pearl Jam’s Seattle “Home Shows” in August 2018 generated $58 million in additional hotel revenue and $9 million in hotel tax revenue. That dwarfs Seattle Mariners baseball games ($140,000 in additional hotel revenue on game days). Their research was published in the Annals of Tourism Research Empirical Insights.