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.
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.
Brick Immortal
Reynolds Hall may be the future of business, but the Entrepreneurship Club saw opportunity even before construction began. The new building stands on what was once the site of Stansbury Hall, which served as WVU’s beloved Field House, as well as home to a variety of academic departments.
No Dessert - or Dinner
One of seven West Virginians don't know where or when they’ll get their next meal. Food deserts are defined by the USDA as areas that lack fresh and healthful foods, and these are found throughout the state in impoverished areas lacking grocery stores, farmers’ markets and healthy food providers. John Saldanha, Sears chair in global supply chain management, is addressing this West Virginia problem head-on with his supply chain technology students. Read more in an upcoming edition of our magazine.
Something in the Air
A paper coauthored by Economics Professors Brad Humphreys and Jane Ruseski has been chosen by its journal of publication, Sports Economic Review, as its best paper of the year. Their research suggests that cities with professional sports teams bear increased flu mortality rates. Read the paper on Sports Economic Review.