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.
Immersed in Indonesian
Jana El-Khatib, a Master of Business Administration student from Hurricane, West Virginia, was one of four WVU students to earn the Critical Language Scholarship from the U.S. Department of State. Over the summer of 2021, El-Khatib got to study Indonesian, a language she became interested in after spending time living in Southeast Asia as a Fulbright English Teaching Assistant. She hopes to use the skills gained from the scholarship to improve her cultural competency for a future career as a healthcare provider.
Frank Fumich: Mountain Man
Chambers College alumnus Frank Fumich no longer lives in West Virginia, but he’s still called to the mountains – specifically, Mount Everest.
Tipping Points
Here’s a tip for New York City taxi drivers seeking bigger tips: Pick up tourists. Adam Nowak, associate professor of economics, and Amir B. Ferreira Neto, ’19, PhD Economics, studied data on yellow taxis in the Big Apple to see if tourists tipped more than locals. They do. Furthermore, theatergoers tip more than non-theatergoers, based on their findings that zeroed-in on drop-offs and pickups near Broadway. These differences between tourists and locals may affect the allocation of taxis throughout the city, conclude Nowak, Neto and Amanda Ross, of the University of Alabama.
Virtual Globetrotting
While COVID-19 has forced us to pivot the way we work and play, the Robbins Center for Global Business and Strategy is no exception. In fact, two virtual activities alone in October saw more than 250 students involved in international lecture, case analyses and culture sessions in Hong Kong and Bahrain. “Framed in this way, that's very promising international reach between WVU and these two international partners,” said David Dawley, executive director of the Robbins Center.