My research interests include behavioral finance, empirical asset pricing, asymmetric investor information, investor communication, and financial advising.
Lahtinen, Kyre Dane, Lee, Bong Soo. (in press). The Effect of Social Media and Gender on the Stock Market. The Journal of Behavioral Finance & Economics.
Using a unique sample of Twitter posts, also called tweets, we examine the impact of social media on the return, volume, and volatility of the stock market using word list and algorithmic content analysis. We show market returns may be predicted using confidence and sentiment levels. Volume is best predicted by confidence. Volatility is most related to sentiment. We examine one dimension of Twitter user characteristics, namely gender. Our results show that men are more confident and less optimistic than women when they communicate about stocks. We find differences in the ability of communications by men and women to predict market returns, volume, and volatility.
“Social Media Sentiment and Market Behavior” with Ermanno Affuso
“Compensation of Investment Advisors” with Stephan Shipe
“Real Estate License Exam Pass-Fail Rates: Evidence Suggests Pre-License Education School Type Matters” with Reid Cummings and Ken Hunsader
“Asymmetric Information and Dividends”
“Product Market Competition and Firm Reputation Shocks: Evidence from Cyber Security Breaches” with Kelsey Syvrud and April Knill
Works in Progress
“An Empirical Comparison of Intra-day Stock Volatility” with Al Chow
“Effect of Oil Price Changes on the Default Likelihood of Petroleum Industry Stocks” with Ken Hunsader and Ermanno Affuso
“Social Media Sentiment and Market Behavior” with Ermanno Affuso presented at 2016 FMA Annual Meeting by Kyre Lahtinen, Las Vegas, Nevada. (October 2016)
“Real Estate License Exam Pass-Fail Rates: Evidence Suggests Pre-License Education School Type Matters” with Reid Cummings and Ken Hunsader presented at 2016 American Real Estate Society Annual Conference American Real Estate Society by Reid Cummings, Denver, Colorado. (April 2016)