Paper Type

ERF

Abstract

This study contributes to the emerging literature on the metaverse by analyzing metaverse-related announcements made by publicly traded companies in the U.S. We compile announcement data through a comprehensive search of major newspapers in the Nexis database, the RavenPack news analytics platform, and metaverse-focused news outlets. Our event study finds that, overall, metaverse announcements have a positive impact on firm value, with the effect varying based on factors such as the level of immersion, product type, branding strategy, and the diversity of marketing channels used.

Paper Number

2050

Author Connect URL

https://authorconnect.aisnet.org/conferences/AMCIS2025/papers/2050

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Aug 15th, 12:00 AM

Metaverse Techniques, Product Types, and Their Interactions: Stock Market Responses

This study contributes to the emerging literature on the metaverse by analyzing metaverse-related announcements made by publicly traded companies in the U.S. We compile announcement data through a comprehensive search of major newspapers in the Nexis database, the RavenPack news analytics platform, and metaverse-focused news outlets. Our event study finds that, overall, metaverse announcements have a positive impact on firm value, with the effect varying based on factors such as the level of immersion, product type, branding strategy, and the diversity of marketing channels used.

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