Many online platforms have used information technology such as AI to reduce consumers’ information search cost and facilitate their decision-making. Given the variety of online information, such technology is often effective for only specific information types. For rational consumers, search...

This study examines whether sell-side debt research has investment value for debt investors. We find that both the levels of and changes in recommendations are associated with event-time abnormal bond returns, and that changes in recommendations (i.e., upgrades and downgrades) are associated...

This study examines the impact of investor sentiment on cryptocurrency returns. We use adirect survey-based measure that captures the investors’ sentiment on Bitcoins. This directmeasure of Bitcoin investor sentiment is obtained from the Sentix database. The results ofthe study found that the...

This study examines whether sentiment indices predict individual firms’ stock returns and evaluates the performances of sentiment-based trading strategies. Both the sentiment indices constructed using the principal component analysis (PCA) and overnight stock returns positively predict stock...