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The rate of communication

Huang, Shiyang, Hwang, Byoung-Hyoun and Lou, Dong (2020) The rate of communication. Journal of Economics. ISSN 1617-7134 (In Press)

[img] Text (The rate of communication) - Accepted Version
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Abstract

We study the transmission of financial news and opinions through social interactions. We identify a series of plausibly exogenous shocks, which cause “treated investors” to trade abnormally. We then trace the “contagion” of abnormal trading activity from the treated investors to their neighbors and their neighbors’ neighbors. Coupled with methodology drawn from epidemiology, our setting allows us to estimate the rate of communication and how much such rate varies with characteristics of the underlying investor population.

Item Type: Article
Official URL: https://www.springer.com/journal/712
Additional Information: © 2020 Springer-Verlag GmbH Austria, part of Springer Nature
Divisions: Finance
Subjects: H Social Sciences > HG Finance
Date Deposited: 05 Aug 2020 10:12
Last Modified: 05 Aug 2020 23:46
URI: http://eprints.lse.ac.uk/id/eprint/105870

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