Neue Beiträge auf der Hawaii International Conference on System Sciences (HICSS) und der Konferenz Projektmanagement und Vorgehensmodelle (PVM)
Das folgende Paper erscheint in den Conference Proceedings der HICSS 2017 und PVM 2016:
Eickhoff, M. 2017. “What do they mean? Using Media Richness as an Indicator for the Information Value of Stock Analyst Opinion regarding post-earnings Firm Performance,” in Proceedings of the 50th Hawaii International Conference on System Sciences, Waikoloa Village, HI, January 4-7.
Abstract: In this research the impact of media-richness on the investor reaction to earnings announcements is investigated. To this end, unstructured (high-richness) sources of analyst opinion are subjected to text-mining and combined with structured (low-richness) sources of analyst opinion, as well as other commonly used structured data relevant to company performance. Results indicate that equivocality is a major problem faced by investors, while uncertainty as understood by media-richness theory appears to be less dominant.