Firms and investors often react to financial news on social media. However, how they react to news of different nature and whether their reactions can influence the stock market are far from clear. Employing data of financial news, tweets posted by firms and investors, and daily stock prices, we...

The rapid pace of technological innovation necessitates that information technology (IT) services firms continually invest in replenishing the skills of their key asset base, the human capital. We examine whether human capital investments directed toward employee training are effective in...