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Adoption Of Software Testing In Open Source Projects: A Preliminary Study On 50,000 Projects, Pavneet Singh Kochhar, Tegawende F. Bissyande, David Lo, Lingxiao Jiang Mar 2013

Adoption Of Software Testing In Open Source Projects: A Preliminary Study On 50,000 Projects, Pavneet Singh Kochhar, Tegawende F. Bissyande, David Lo, Lingxiao Jiang

Research Collection School Of Computing and Information Systems

In software engineering, testing is a crucial activity that is designed to ensure the quality of program code. For this activity, development teams spend substantial resources constructing test cases to thoroughly assess the correctness of software functionality. What is however the proportion of open source projects that include test cases? What kind of projects are more likely to include test cases? In this study, we explore 50,000 projects and investigate the correlation between the presence of test cases and various project development characteristics, including the lines of code and the size of development teams.


Data Visualization On Interactive Surfaces: A Research Agenda, Petra Isenberg, Tobias Isenberg, Tobias Hesselmann, Bongshin Lee, Ulrich Von Zadow, Anthony Tang Mar 2013

Data Visualization On Interactive Surfaces: A Research Agenda, Petra Isenberg, Tobias Isenberg, Tobias Hesselmann, Bongshin Lee, Ulrich Von Zadow, Anthony Tang

Research Collection School Of Computing and Information Systems

Interactive tabletops and surfaces (ITSs) provide rich opportunities for data visualization and analysis and consequently are used increasingly in such settings. A research agenda of some of the most pressing challenges related to visualization on ITSs emerged from discussions with researchers and practitioners in human-computer interaction, computer-supported collaborative work, and a variety of visualization fields at the 2011 Workshop on Data Exploration for Interactive Surfaces (Dexis 2011)


Semi-Supervised Heterogeneous Fusion For Multimedia Data Co-Clustering, Lei Meng, Ah-Hwee Tan, Dong Xu Mar 2013

Semi-Supervised Heterogeneous Fusion For Multimedia Data Co-Clustering, Lei Meng, Ah-Hwee Tan, Dong Xu

Research Collection School Of Computing and Information Systems

Co-clustering is a commonly used technique for tapping the rich meta-information of multimedia web documents, including category, annotation, and description, for associative discovery. However, most co-clustering methods proposed for heterogeneous data do not consider the representation problem of short and noisy text and their performance is limited by the empirical weighting of the multi-modal features. In this paper, we propose a generalized form of Heterogeneous Fusion Adaptive Resonance Theory, called GHF-ART, for co-clustering of large-scale web multimedia documents. By extending the two-channel Heterogeneous Fusion ART (HF-ART) to multiple channels, GHF-ART is designed to handle multimedia data with an arbitrarily rich …


Network Structure Of Social Coding In Github, Ferdian Thung, Tegawende F. Bissyande, David Lo, Lingxiao Jiang Mar 2013

Network Structure Of Social Coding In Github, Ferdian Thung, Tegawende F. Bissyande, David Lo, Lingxiao Jiang

Research Collection School Of Computing and Information Systems

Social coding enables a different experience of software development as the activities and interests of one developer are easily advertized to other developers. Developers can thus track the activities relevant to various projects in one umbrella site. Such a major change in collaborative software development makes an investigation of networkings on social coding sites valuable. Furthermore, project hosting platforms promoting this development paradigm have been thriving, among which GitHub has arguably gained the most momentum. In this paper, we contribute to the body of knowledge on social coding by investigating the network structure of social coding in GitHub. We collect …


Network Structure Of Social Coding In Github, Ferdian Thung, David Lo, Lingxiao Jiang Mar 2013

Network Structure Of Social Coding In Github, Ferdian Thung, David Lo, Lingxiao Jiang

Research Collection School Of Computing and Information Systems

No abstract provided.


Accountable Authority Identity-Based Encryption With Public Traceability, Junzuo Lai, Robert H. Deng, Yunlei Zhao, Jian Weng Mar 2013

Accountable Authority Identity-Based Encryption With Public Traceability, Junzuo Lai, Robert H. Deng, Yunlei Zhao, Jian Weng

Research Collection School Of Computing and Information Systems

At Crypto’07, Goyal introduced the notion of accountable authority identity-based encryption (A-IBE) in order to mitigate the inherent key escrow problem in identity-based encryption, and proposed two concrete constructions. In an A-IBE system, if the private key generator (PKG) distributes a decryption key or produces an unauthorized decryption box for a user maliciously, it runs the risk of being caught and sued in the court of law with the help of a tracing algorithm. Subsequent efforts focused on constructions of A-IBE schemes with enhanced security. In these A-IBE constructions, the tracing algorithm needs to take a user’s decryption key as …


Guest Editorial: Selected Papers From Icimcs 2011, Chong-Wah Ngo, Changsheng Xu, Xiao Wu, Abdulmotaleb El Saddik Feb 2013

Guest Editorial: Selected Papers From Icimcs 2011, Chong-Wah Ngo, Changsheng Xu, Xiao Wu, Abdulmotaleb El Saddik

Research Collection School Of Computing and Information Systems

International Conference on Internet Multimedia Computing and Services (ICIMCS) is an annual conference sponsored by ACM SIGMM China Chapter. The conference is especially interested in the latest technologies and applications that deal with the web-scale processing and management of heterogeneous data from the Internet for multimedia computing and service. ICIMCS 2011 held in Chengdu, China— the ancient hometown of lovely panda. The conference has attracted around 80 participants, including researchers from academia and industries across ten countries/regions, for sharing their recent works in the topics ranging from visual information analysis and mining, query processing and search, multimedia privacy and security.


Kinectarms: A Toolkit For Capturing And Displaying Arm Embodiments In Distributed Tabletop Groupware, Aaron Genest, Carl Gutwin, Anthony Tang, Michael Kalyn, Zenja Ivkovic Feb 2013

Kinectarms: A Toolkit For Capturing And Displaying Arm Embodiments In Distributed Tabletop Groupware, Aaron Genest, Carl Gutwin, Anthony Tang, Michael Kalyn, Zenja Ivkovic

Research Collection School Of Computing and Information Systems

Gestures are a ubiquitous part of human communication over tables, but when tables are distributed, gestures become difficult to capture and represent. There are several problems: extracting arm images from video, representing the height of the gesture, and making the arm embodiment visible and understandable at the remote table. Current solutions to these problems are often expensive, complex to use, and difficult to set up. We have developed a new toolkit - KinectArms - that quickly and easily captures and displays arm embodiments. KinectArms uses a depth camera to segment the video and determine gesture height, and provides several visual …


Synthetic Controllable Turbulence Using Robust Second Vorticity Confinement, Shengfeng He, Rynson W. H. Lau Feb 2013

Synthetic Controllable Turbulence Using Robust Second Vorticity Confinement, Shengfeng He, Rynson W. H. Lau

Research Collection School Of Computing and Information Systems

Capturing fine details of turbulence on a coarse grid is one of the main tasks in real-time fluid simulation. Existing methods for doing this have various limitations. In this paper, we propose a new turbulence method that uses a refined second vorticity confinement method, referred to as robust second vorticity confinement, and a synthesis scheme to create highly turbulent effects from coarse grid. The new technique is sufficiently stable to efficiently produce highly turbulent flows, while allowing intuitive control of vortical structures. Second vorticity confinement captures and defines the vortical features of turbulence on a coarse grid. However, due to …


Mutual Assessment In The Social Programmer Ecosystem: An Empirical Investigation Of Developer Profile Aggregators, Leif Singer, Fernando Figueira Filho, Brendan Cleary, Christoph Treude, Margaret-Anne Storey, Kurt Schneider Feb 2013

Mutual Assessment In The Social Programmer Ecosystem: An Empirical Investigation Of Developer Profile Aggregators, Leif Singer, Fernando Figueira Filho, Brendan Cleary, Christoph Treude, Margaret-Anne Storey, Kurt Schneider

Research Collection School Of Computing and Information Systems

The multitude of social media channels that programmers can use to participate in software development has given rise to online developer profiles that aggregate activity across many services. Studying members of such developer profile aggregators, we found an ecosystem that revolves around the social programmer. Developers are assessing each other to evaluate whether other developers are interesting, worth following, or worth collaborating with. They are self-conscious about being assessed, and thus manage their public images. They value passion for software development, new technologies, and learning. Some recruiters participate in the ecosystem and use it to find candidates for hiring; other …


Structures Of Broken Ties: Exploring Unfollow Behavior On Twitter, Bo Xu, Yun Huang, Haewoon Kwak Feb 2013

Structures Of Broken Ties: Exploring Unfollow Behavior On Twitter, Bo Xu, Yun Huang, Haewoon Kwak

Research Collection School Of Computing and Information Systems

This study investigates unfollow behavior in Twitter, i.e. people removing others from their Twitter following lists. Considering the interdependency and dynamics of unfollow decisions, we use actor-oriented modeling (SIENA) to examine the impacts of reciprocity, status, embeddedness, homophily, and informativeness on tie dissolution. Focusing on ordinary users in tightly-knitted user groups, the results show that relational properties play key roles in the emergence of unfollow behavior: mutual following relations and common followees reduce the likelihood of unfollowing. And unfollow tends to be reciprocal: when a user is unfollowed by someone, he or she will unfollow back. However, there is no …


Online Multi-Modal Distance Learning For Scalable Multimedia Retrieval, Hao Xia, Pengcheng Wu, Steven C. H. Hoi Feb 2013

Online Multi-Modal Distance Learning For Scalable Multimedia Retrieval, Hao Xia, Pengcheng Wu, Steven C. H. Hoi

Research Collection School Of Computing and Information Systems

In many real-word scenarios, e.g., multimedia applications, data often originates from multiple heterogeneous sources or are represented by diverse types of representation, which is often referred to as "multi-modal data". The definition of distance between any two objects/items on multi-modal data is a key challenge encountered by many real-world applications, including multimedia retrieval. In this paper, we present a novel online learning framework for learning distance functions on multi-modal data through the combination of multiple kernels. In order to attack large-scale multimedia applications, we propose Online Multi-modal Distance Learning (OMDL) algorithms, which are significantly more efficient and scalable than the …


Comparing Mobile Privacy Protection Through Cross-Platform Applications, Jin Han, Qiang Yan, Debin Gao, Jianying Zhou, Robert H. Deng Feb 2013

Comparing Mobile Privacy Protection Through Cross-Platform Applications, Jin Han, Qiang Yan, Debin Gao, Jianying Zhou, Robert H. Deng

Research Collection School Of Computing and Information Systems

With the rapid growth of the mobile market, security of mobile platforms is receiving increasing attention from both research community as well as the public. In this paper, we make the first attempt to establish a baseline for security comparison between the two most popular mobile platforms. We investigate applications that run on both Android and iOS and examine the difference in the usage of their security sensitive APIs (SS-APIs). Our analysis over 2,600 applications shows that iOS applications consistently access more SS-APIs than their counterparts on Android. The additional privileges gained on iOS are often associated with accessing private …


Authscan: Automatic Extraction Of Web Authentication Protocols From Implementations, Guangdong Bai, Jike Lei, Guozhu Meng, Sai Sathyanarayan Venkatraman, Prateek Saxena, Jun Sun, Yang Liu, Jin Song Dong Feb 2013

Authscan: Automatic Extraction Of Web Authentication Protocols From Implementations, Guangdong Bai, Jike Lei, Guozhu Meng, Sai Sathyanarayan Venkatraman, Prateek Saxena, Jun Sun, Yang Liu, Jin Song Dong

Research Collection School Of Computing and Information Systems

Ideally, security protocol implementations should be formally verified before they are deployed. However, this is not true in practice. Numerous high-profile vulnerabilities have been found in web authentication protocol implementations, especially in single-sign on (SSO) protocols implementations recently. Much of the prior work on authentication protocol verification has focused on theoretical foundations and building scalable verification tools for checking manually-crafted specifications [17, 18, 44]. In this paper, we address a complementary problem of automatically extracting specifications from implementations. We propose AUTHSCAN, an end-to-end platform to automatically recover authentication protocol specifications from their implementations. AUTHSCAN finds a total of 7 security …


Online Multiple Kernel Classification, Steven C. H. Hoi, Rong Jin, Peilin Zhao, Tianbao Yang Feb 2013

Online Multiple Kernel Classification, Steven C. H. Hoi, Rong Jin, Peilin Zhao, Tianbao Yang

Research Collection School Of Computing and Information Systems

Although both online learning and kernel learning have been studied extensively in machine learning, there is limited effort in addressing the intersecting research problems of these two important topics. As an attempt to fill the gap, we address a new research problem, termed Online Multiple Kernel Classification (OMKC), which learns a kernel-based prediction function by selecting a subset of predefined kernel functions in an online learning fashion. OMKC is in general more challenging than typical online learning because both the kernel classifiers and the subset of selected kernels are unknown, and more importantly the solutions to the kernel classifiers and …


I Can Be You: Questioning The Use Of Keystroke Dynamics As Biometrics, Chee Meng Tey, Payas Gupta, Debin Gao Feb 2013

I Can Be You: Questioning The Use Of Keystroke Dynamics As Biometrics, Chee Meng Tey, Payas Gupta, Debin Gao

Research Collection School Of Computing and Information Systems

Keystroke dynamics refer to information about the typing patterns of individuals, such as the relative timing when the individual presses and releases each key. Prior studies suggest that such patterns are unique and cannot be easily imitated. This lays the foundation for the use of keystroke biometrics in authentication systems. The research effort in this area has thus far focused on novel detection techniques to differentiate between legitimate users and imposters. In this paper, we demonstrate a novel feedback and training interface named Mimesis. Mimesis provides both positive and negative feedback on the differences between a submitted pattern vs. a …


Examining Advances In Technology And Hospitality Information Strategy, Robert J. Kauffman, P. Oconnor Feb 2013

Examining Advances In Technology And Hospitality Information Strategy, Robert J. Kauffman, P. Oconnor

Research Collection School Of Computing and Information Systems

Hospitality managers have turned to IT to streamline reservations, capture new customer data, and build market share. Internet-based reservations, advertising and communication, social media, and mobile phones offer technology-led opportunities for value cocreation with customers. We aim to stimulate sharing of new ideas, current applications and emerging managerial know-how for the hospitality industry, while bringing new submissions to CQ.


Simple Identity-Based Encryption With Mediated Rsa, Xuhua Ding, Gene Tsudik Feb 2013

Simple Identity-Based Encryption With Mediated Rsa, Xuhua Ding, Gene Tsudik

Research Collection School Of Computing and Information Systems

Identity-based encryption (IBE) [5] and digital signatures are important tools in modern secure communication. In general, identity-based cryptographic methods facilitate easy introduction of public key cryptography by allowing an entity’s public key to be derived from some arbitrary identification value such as an email address or a phone number. Identity-based cryptography greatly reduces the need for, and reliance on, public key certificates. Mediated RSA (mRSA) [4] is a simple and practical method of splitting RSA private keys between the user and the Security Mediator (SEM). Neither the user nor the SEM can cheat one another since each signature or decryption …


Combining Crowdsourcing And Google Street View To Identify Street-Level Accessibility Problems, Kotaro Hara, Victoria Le, Jon Froehlich Feb 2013

Combining Crowdsourcing And Google Street View To Identify Street-Level Accessibility Problems, Kotaro Hara, Victoria Le, Jon Froehlich

Research Collection School Of Computing and Information Systems

Jon FroehlichAbstractPoorly maintained sidewalks, missing curb ramps, and other obstacles pose considerable accessibility challenges; however, there are currently few, if any, mechanisms to determine accessible areas of a city a priori. In this paper, we investigate the feasibility of using untrained crowd workers from Amazon Mechanical Turk (turkers) to find, label, and assess sidewalk accessibility problems in Google Street View imagery. We report on two studies: Study 1 examines the feasibility of this labeling task with six dedicated labelers including three wheelchair users; Study 2 investigates the comparative performance of turkers. In all, we collected 13,379 labels and 19,189 verification …


K-Pop Live: Social Networking & Language Learning Platform, Thomas Chua, Chin Leng Ong, Kian Ming Png, Aloysius Lau, Houston Toh, Feida Zhu, Kyong Jin Shim, Ee-Peng Lim Feb 2013

K-Pop Live: Social Networking & Language Learning Platform, Thomas Chua, Chin Leng Ong, Kian Ming Png, Aloysius Lau, Houston Toh, Feida Zhu, Kyong Jin Shim, Ee-Peng Lim

Research Collection School Of Computing and Information Systems

K-Pop live is a social networking and language learning platform developed by an undergraduate student team from Singapore Management University. K-Pop live aims to combine social media together with gamification to promote Korean culture. It consolidates all relevant Tweets from Twitter as well as videos from YouTube. The platform allows the user to connect with his friends who share similar interests in terms of K-pop artists and music.


Improving Model Checking Stateful Timed Csp With Non-Zenoness Through Clock-Symmetry Reduction, Yuanjie Si, Jun Sun, Yang Liu, Ting Wang Jan 2013

Improving Model Checking Stateful Timed Csp With Non-Zenoness Through Clock-Symmetry Reduction, Yuanjie Si, Jun Sun, Yang Liu, Ting Wang

Research Collection School Of Computing and Information Systems

Real-time system verification must deal with a special notion of ‘fairness’, i.e., clocks must always be able to progress. A system run which prevents clocks from progressing unboundedly is known as Zeno. Zeno runs are infeasible in reality and thus must be pruned during system verification. Though zone abstraction is an effective technique for model checking real-time systems, it is known that zone graphs (e.g., those generated from Timed Automata models) are too abstract to directly infer time progress and hence non-Zenoness. As a result, model checking with non-Zenoness (i.e., existence of a non-Zeno counterexample) based on zone graphs only …


A Utp Semantics For Communicating Processes With Shared Variables, Ling Shi, Yongxin Zhao, Yang Liu, Jun Sun, Jin Song Dong, Shengchao Qin Jan 2013

A Utp Semantics For Communicating Processes With Shared Variables, Ling Shi, Yongxin Zhao, Yang Liu, Jun Sun, Jin Song Dong, Shengchao Qin

Research Collection School Of Computing and Information Systems

CSP# (Communicating Sequential Programs) is a modelling language designed for specifying concurrent systems by integrating CSP-like compositional operators with sequential programs updating shared variables. In this paper, we define an observation-oriented denotational semantics in an open environment for the CSP# language based on the UTP framework. To deal with shared variables, we lift traditional event-based traces into hybrid traces which consist of event-state pairs for recording process behaviours. We also define refinement to check process equivalence and present a set of algebraic laws which are established based on our denotational semantics. Our approach thus provides a rigorous means for reasoning …


Vtrust: A Formal Modeling And Verification Framework For Virtualization Systems, Jianan Hao, Yang Liu, Wentong Cai, Guangdong Bai, Jun Sun Jan 2013

Vtrust: A Formal Modeling And Verification Framework For Virtualization Systems, Jianan Hao, Yang Liu, Wentong Cai, Guangdong Bai, Jun Sun

Research Collection School Of Computing and Information Systems

Virtualization is widely used for critical services like Cloud computing. It is desirable to formally verify virtualization systems. However, the complexity of the virtualization system makes the formal analysis a difficult task, e.g., sophisticated programs to manipulate low-level technologies, paged memory management, memory mapped I/O and trusted computing. In this paper, we propose a formal framework, vTRUST, to formally describe virtualization systems with a carefully designed abstraction. vTRUST includes a library to model configurable hardware components and technologies commonly used in virtualization. The system designer can thus verify virtualization systems on critical properties (e.g., confidentiality, verifiability, isolation and PCR consistency) …


Verification Of Functional And Non-Functional Requirements Of Web Service Composition, Manman Chen, Tian Huat Tan, Jun Sun, Yang Liu, Jun Pang, Xiaohong Li Jan 2013

Verification Of Functional And Non-Functional Requirements Of Web Service Composition, Manman Chen, Tian Huat Tan, Jun Sun, Yang Liu, Jun Pang, Xiaohong Li

Research Collection School Of Computing and Information Systems

Web services have emerged as an important technology nowadays. There are two kinds of requirements that are crucial to web service composition, which are functional and non-functional requirements. Functional requirements focus on functionality of the composed service, e.g., given a booking service, an example of functional requirements is that a flight ticket with price higher than $2000 will never be purchased. Non-functional requirements are concerned with the quality of service (QoS), e.g., an example of the booking service’s non-functional requirements is that the service will respond to the user within 5 seconds. Non-functional requirements are important to web service composition, …


Efficient Salient Region Detection With Soft Image Abstraction, Ming-Ming Cheng, Jonathan Warrell, Wen-Yan Lin, Shuai Zheng, Vibhav Vineet, Nigel Crook Jan 2013

Efficient Salient Region Detection With Soft Image Abstraction, Ming-Ming Cheng, Jonathan Warrell, Wen-Yan Lin, Shuai Zheng, Vibhav Vineet, Nigel Crook

Research Collection School Of Computing and Information Systems

Detecting visually salient regions in images is one of the fundamental problems in computer vision. We propose a novel method to decompose an image into large scale perceptually homogeneous elements for efficient salient region detection, using a soft image abstraction representation. By considering both appearance similarity and spatial distribution of image pixels, the proposed representation abstracts out unnecessary image details, allowing the assignment of comparable saliency values across similar regions, and producing perceptually accurate salient region detection. We evaluate our salient region detection approach on the largest publicly available dataset with pixel accurate annotations. The experimental results show that the …


Robust Non-Parametric Data Fitting For Correspondence Modeling, Wen-Yan Lin, Ming-Ming Cheng, Shuai Zheng, Jiangbo Lu, Nigel Crook Jan 2013

Robust Non-Parametric Data Fitting For Correspondence Modeling, Wen-Yan Lin, Ming-Ming Cheng, Shuai Zheng, Jiangbo Lu, Nigel Crook

Research Collection School Of Computing and Information Systems

We propose a generic method for obtaining nonparametric image warps from noisy point correspondences. Our formulation integrates a huber function into a motion coherence framework. This makes our fitting function especially robust to piecewise correspondence noise (where an image section is consistently mismatched). By utilizing over parameterized curves, we can generate realistic nonparametric image warps from very noisy correspondence. We also demonstrate how our algorithm can be used to help stitch images taken from a panning camera by warping the images onto a virtual push-broom camera imaging plane.


Verifying Linearizability Via Optimized Refinement Checking, Yang Liu, Wei Chen, Yanhong A. Liu, Jun Sun, Shao Jie Zhang, Jin Song Dong Dong Jan 2013

Verifying Linearizability Via Optimized Refinement Checking, Yang Liu, Wei Chen, Yanhong A. Liu, Jun Sun, Shao Jie Zhang, Jin Song Dong Dong

Research Collection School Of Computing and Information Systems

Linearizability is an important correctness criterion for implementations of concurrent objects. Automatic checking of linearizability is challenging because it requires checking that: 1) All executions of concurrent operations are serializable, and 2) the serialized executions are correct with respect to the sequential semantics. In this work, we describe a method to automatically check linearizability based on refinement relations from abstract specifications to concrete implementations. The method does not require that linearization points in the implementations be given, which is often difficult or impossible. However, the method takes advantage of linearization points if they are given. The method is based on …


Modeling And Verifying Hierarchical Real-Time Systems Using Stateful Timed Csp, Jun Sun, Yang Liu, Jin Song Dong, Yan Liu, Ling Shi, Étienne André Jan 2013

Modeling And Verifying Hierarchical Real-Time Systems Using Stateful Timed Csp, Jun Sun, Yang Liu, Jin Song Dong, Yan Liu, Ling Shi, Étienne André

Research Collection School Of Computing and Information Systems

Modeling and verifying complex real-time systems are challenging research problems. The de facto approach is based on Timed Automata, which are finite state automata equipped with clock variables. Timed Automata are deficient in modeling hierarchical complex systems. In this work, we propose a language called Stateful Timed CSP and an automated approach for verifying Stateful Timed CSP models. Stateful Timed CSP is based on Timed CSP and is capable of specifying hierarchical real-time systems. Through dynamic zone abstraction, finite-state zone graphs can be generated automatically from Stateful Timed CSP models, which are subject to model checking. Like Timed Automata, Stateful …


Creating Scalable Location-Based Games: Lessons From Geocaching, Carman Neustaedter, Anthony Tang, Tejinder K. Judge Jan 2013

Creating Scalable Location-Based Games: Lessons From Geocaching, Carman Neustaedter, Anthony Tang, Tejinder K. Judge

Research Collection School Of Computing and Information Systems

Location-based games seek to move computer gaming out from behind the PC and into the “real world” of cities, streets, parks, and other locations. This real-world physicality makes the experience fun for game players, yet it brings the unique challenge of creating and orchestrating such a game. That is, location-based games are often difficult to create, grow, and maintain over long periods of time. Our research investigates how location-based games can be designed to overcome this challenge of scalability. We studied the well-established location-based game of Geocaching through active participation and an online survey to better understand how it has …


Not All That Glitters Is Gold: The Effect Of Attention And Blogs On The Investors' Investing Behaviors, Nan Hu, Yi Dong, Ling Liu, Lee J. Yao Jan 2013

Not All That Glitters Is Gold: The Effect Of Attention And Blogs On The Investors' Investing Behaviors, Nan Hu, Yi Dong, Ling Liu, Lee J. Yao

Research Collection School Of Computing and Information Systems

This article investigates the relationship between a firm’s visibility in blogspaces, termed blog exposure, and the cross-sectional stock returns. We show that blog exposure is fundamentally different from the traditional media coverage, and securities with low blog exposure earn higher returns than stocks with high blog exposure. We further illustrate that such an effect is more prominent for stocks with low institutional ownership. Contrary to traditional media coverage, the return premium associated with blog exposure cannot be explained by either the illiquidity hypothesis or the investor recognition hypothesis based on the rational-agent framework. Instead, our results suggest that blog effect …