近日，我院杜瑶博士在International Review of Economics & Finance 期刊发表学术论文“Reaching the public with Twitter: The reputation value of CEOs”。International Review of Economics & Finance属于SSCI一区期刊，ABS2星，近五年影响因子为4.8。
【论文简介】
In this study, we investigate whether CEOs' use of Twitter influences their compensation. The results show that CEOs benefit from being active on social media because this participation helps reduce information asymmetry. Further, the effect of this Twitter usage becomes stronger when firms face competitive markets. We also use earnings announcements to show how CEOs' tweets can lower the deviations in stock prices around these announcements. Overall, a CEO's personal use of social media can help to reduce the information asymmetry between their firm and investors. This strategic tool benefits the CEO when negotiating compensation.
【原文链接】
https://doi.org/10.1016/j.iref.2024.05.043
