science1 publisher
Lessons on accruals shifted retail buying only when they included the calculation
A Lingnan University team randomised 4,671 Chinese and U.S. stocks into four groups and posted earnings lessons on Weibo, Xueqiu, X and Stocktwits about 19 days ahead of each announcement. Only the version with the calculation changed retail buying.
Publishers:phys.org
Reality
- Evidence58
- Adoption25
- Hype gap+15
- Incentives55
- Confidence50