The impact of past performance on information valuation in virtual communities: Empirical study in online stock message boards

作者：

Highlights：

• Message board factors have a positive effect on continuous intention to use while individual factors have a negative effect.

• Due to self-attribution bias, investors who used others’ opinions lower the usefulness of opinions when losing money.

• On the contrary investors increase confidence in their investment-related abilities when achieving a profit from investment.

• Investors correct their investment-related abilities and the value of online stock message boards accordingly.

摘要

•Message board factors have a positive effect on continuous intention to use while individual factors have a negative effect.•Due to self-attribution bias, investors who used others’ opinions lower the usefulness of opinions when losing money.•On the contrary investors increase confidence in their investment-related abilities when achieving a profit from investment.•Investors correct their investment-related abilities and the value of online stock message boards accordingly.

论文关键词：Information processing behavior,Stock message boards,Self-attribution,IS continues model

论文评审过程：Received 20 December 2016, Revised 25 September 2017, Accepted 23 October 2017, Available online 3 November 2017, Version of Record 14 May 2018.

论文官网地址：https://doi.org/10.1016/j.ipm.2017.10.007