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.
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.
Economics graduate honored with Order of Augusta
Senior William Turman was honored with the Order of Augusta, WVU’s highest student award. An economics major from Barboursville, Turman has had an extremely active WVU career, participating in the Army’s Reserve Officer Training Corps, the Student Government Association and the Chambers College’s Behavioral Economics and Situational Testing (BEAST) Lab, which he also named. His next steps include being commissioned as a second lieutenant in the Army, interning with Sen. Shelley Moore Capito and pursuing his graduate studies in economics.
Outstanding!
Each spring, the University honors selected faculty members with the WVU Foundation Awards for Outstanding Teaching. Jody Crosno, the Joseph E. Antonini Chair and professor in marketing, was one of five faculty to receive the 2021 award. The committee was impressed by her seamless incorporation of experiential learning and technology into the classroom, exceptional student engagement, and innovative classroom assignments that require her students to engage with customers and clients, such as Camp Virgil Tate, to gain real-world experience.
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.
Paul Speaker Appointed Fred T. Tattersall Distinguished Teaching Chair in Finance
Paul Speaker, professor in the Finance department, has been appointed as the Fred T. Tattersall Distinguished Teaching Chair in Finance for the Chambers College.