Characteristics and stock prices of firms flamed on the Internet: The evidence from Japan
作者：
Highlights：
• This study investigates Internet flaming using Japanese data on flamed firms.
• We find that large firms with negative net income are more likely to be flamed.
• Flaming alone may be too weak to impact the stock prices in the short-run.
• Flaming can lower the stock prices at a later period, or with newspapers reports.
• Negative market reactions are intensified with the serious flaming contents.
摘要
•This study investigates Internet flaming using Japanese data on flamed firms.•We find that large firms with negative net income are more likely to be flamed.•Flaming alone may be too weak to impact the stock prices in the short-run.•Flaming can lower the stock prices at a later period, or with newspapers reports.•Negative market reactions are intensified with the serious flaming contents.
论文关键词：Event study,Flaming,Internet,Japan,Stock prices
论文评审过程：Received 24 June 2014, Revised 6 March 2016, Accepted 6 March 2016, Available online 12 March 2016, Version of Record 29 March 2016.
论文官网地址：https://doi.org/10.1016/j.elerap.2016.03.001
