Difference between revisions of "Crowd Governance: the Monitoring Role of Wikipedia in the Financial Market"
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| − | '''Crowd Governance: the Monitoring Role of Wikipedia in the Financial Market''' - scientific work related to Wikipedia quality published in 2014, written by Weifang Wu, Xiaoquan Michael Zhang and Rong Zheng. | + | '''Crowd Governance: the Monitoring Role of Wikipedia in the Financial Market''' - scientific work related to [[Wikipedia quality]] published in 2014, written by [[Weifang Wu]], [[Xiaoquan Michael Zhang]] and [[Rong Zheng]]. |
== Overview == | == Overview == | ||
| − | In this study, authors explore whether Wikipedia plays a governance role in the financial market by reducing the information disadvantage of individual investors. Authors hypothesize that the aggregation of information on Wikipedia enables individual investors to collectively monitor insiders and institutional investors. Using the creation of a firm Wikipedia page as an information event, empirical results support hypothesis and further show that the governance effect is stronger for firms with higher institutional ownership concentration as well as those with more intensive insider trading activity. Taken together, these findings support the view that Wikipedia helps mitigate the information asymmetry among individual investors, institutional investors, and corporate insiders. | + | In this study, authors explore whether [[Wikipedia]] plays a governance role in the financial market by reducing the information disadvantage of individual investors. Authors hypothesize that the aggregation of information on Wikipedia enables individual investors to collectively monitor insiders and institutional investors. Using the creation of a firm Wikipedia page as an information event, empirical results support hypothesis and further show that the governance effect is stronger for firms with higher institutional ownership concentration as well as those with more intensive insider trading activity. Taken together, these findings support the view that Wikipedia helps mitigate the information asymmetry among individual investors, institutional investors, and corporate insiders. |
Revision as of 00:39, 30 July 2019
Crowd Governance: the Monitoring Role of Wikipedia in the Financial Market - scientific work related to Wikipedia quality published in 2014, written by Weifang Wu, Xiaoquan Michael Zhang and Rong Zheng.
Overview
In this study, authors explore whether Wikipedia plays a governance role in the financial market by reducing the information disadvantage of individual investors. Authors hypothesize that the aggregation of information on Wikipedia enables individual investors to collectively monitor insiders and institutional investors. Using the creation of a firm Wikipedia page as an information event, empirical results support hypothesis and further show that the governance effect is stronger for firms with higher institutional ownership concentration as well as those with more intensive insider trading activity. Taken together, these findings support the view that Wikipedia helps mitigate the information asymmetry among individual investors, institutional investors, and corporate insiders.
