会议时间：2021/12/22 12:00-13:30

会议主题：Internet Media Coverage and Stock Liquidity

会议地点：明辨楼304

内容提要：Internet media has greatly changed the information dissemination efficiency, however, its short-term information impact on the financial market liquidity is unclear. We investigate the impact of online media coverage on stock liquidity in the Chinese stock market. We find that online media news reduce stock liquidity by 2.4% at daily level. This effect is gradually weakened with time, which is only 0.08% after two weeks. However, it increases stock liquidity by improving a company's transparency in the long term. This effect is stronger in firms with lower institutional ownership, firms with greater analyst divergence and small firms.

主讲人信息：何枫，天津财经大学金融学院副教授，博士生导师，天津市“131”创新型人才第二层次。主要研究方向为公司金融、金融科技、金融风险管理。现担任International Review of Financial Analysis副主编，中国衍生品青年论坛副秘书长，中国优选法统筹法与经济数学研究会青年工作委员会委员。在Quantitative Finance、Energy Ecoonmics、Journal of Futures Markets、International Review of Financial Analysis、Economics Letters、《金融研究》、《系统工程理论与实践》等国内外核心刊物发表论文30余篇。主持自然科学基金、国家社科基金以及主持在研中国科协高端科技创新智库青年项目各1项。研究成果获2015年天津社科成果一等奖。