Start Date
11-12-2016 12:00 AM
Description
Financial Internet Discussion Sites (IDS) have the potential to both positively and negatively impact the efficient operation of capital markets. On the positive side, IDS provide a venue for real-time interpretation of publicly available information that can enhance market efficiency. On the negative side, they increase noise, create false market signals, and provide venues for the disclosure of insider information. With this in mind, the specific aims of this project are to: (1) uncover the communicative practices employed within IDS, and identify the contextual factors that influence communication and trading behavior; (2) examine how systematic variations and interaction among communicative practices and contextual factors influence choice; and (3) develop and extend theory linking patterns of communicative practice embedded within IDS-based communication with different trading outcomes under different contingencies. The findings will support development of a mid-range theory for explaining and predicting the social relevance and impact of online communicative practices.
Recommended Citation
Campbell, John; Keating, Byron; and Straub, Detmar W., "Theorizing Communicative Practices within Financial Internet Discussion Sites" (2016). ICIS 2016 Proceedings. 22.
https://aisel.aisnet.org/icis2016/SocialMedia/Presentations/22
Theorizing Communicative Practices within Financial Internet Discussion Sites
Financial Internet Discussion Sites (IDS) have the potential to both positively and negatively impact the efficient operation of capital markets. On the positive side, IDS provide a venue for real-time interpretation of publicly available information that can enhance market efficiency. On the negative side, they increase noise, create false market signals, and provide venues for the disclosure of insider information. With this in mind, the specific aims of this project are to: (1) uncover the communicative practices employed within IDS, and identify the contextual factors that influence communication and trading behavior; (2) examine how systematic variations and interaction among communicative practices and contextual factors influence choice; and (3) develop and extend theory linking patterns of communicative practice embedded within IDS-based communication with different trading outcomes under different contingencies. The findings will support development of a mid-range theory for explaining and predicting the social relevance and impact of online communicative practices.