Business Commons^™

Retail Investor Attention And The Limit Order Book: Intraday Analysis Of Attention-Based Trading, Artem Meshcheryakov, Drew B. Winters

Faculty Research, Scholarly, and Creative Activity

We are the first to examine how intraday changes in retail investor attention, measured by hourly Google searches, affect trading activity and informativeness of trades. High levels of Google search activity are followed in the next hour by more intensive trading in all stocks. The increased trading activity is initiated by retail investors as evidenced by the reduced size of new orders. After googling a company, retail investors do not become informed in the traditional sense; rather, they act as noise traders, who mistake noise for information, as their orders are picked off by truly informed traders.

Does Market Digitalization Always Benefit Firms? The Latin American Case, Angelica M. Sanchez-Riofrio, Nathaniel C. Lupton, John Gabriel Rodríguez-Vásquez

Faculty Research, Scholarly, and Creative Activity

Purpose

Prior research has found that firms' adoption of digital technologies (i.e. digitalization) enhances transaction efficiency and improves firm performance. However, this finding is based on the assumption that firms respond to consumers' adoption of digital technology (market digitalization) in a timely fashion. The study investigates the impact of market digitalization on firm performance in Latin America, where resistance to change is often higher, despite the positive impact on performance when companies respond to the environmental shock of digitalization by restructuring.

Design/methodology/approach

Using data from seven Latin American countries from 1997 to 2018 (Argentina, Brazil, Chile, Colombia, Peru, Venezuela and …

Text Mining To Identify The Origin Of Chronic Wasting Disease, G. Webb

Faculty Research, Scholarly, and Creative Activity

Chronic wasting disease (CWD) is a 100 percent fatal, prion disease of deer that has the potential to decimate the deer population and jump to the human population. A simple Google search on the “origin of chronic wasting disease” yielded a total of 56 relevant articles. Of these, 75 percent report that the origin is unknown, 19.6 percent report that the disease may have originated in a Fort Collins, Colorado, government research facility, and 5.4 percent report other possible origins. Government sources reported the Fort Collins theory 4.3 percent of the time while non-governmental sources, such as news articles, reported …

Price And Performance Trends For Cellular Trail Cameras Explained With A Time Trend, Google Keyword Trends, And A Use Case Of Suburban Deer Management, G. Webb

Faculty Research, Scholarly, and Creative Activity

Price and performance improvements for trail cameras, remote cameras designed for wildlife observation, havegiven wildlife researchers a widely accepted new tool. After their introduction in 2010, cellular trail cameras havebecome popular, saving travel time and reducing disturbance to wildlife. A use case of trail cameras for suburbandeer management illustrates desirable product features and risks of using citizen science for research. A time trendof camera prices identifies a common product price pattern for technology products, a decline following a logisticor inverted s-curve. Data from Google Keyword Trends captures the changing level of market interest correlatedwith high statistical significance compared to price …

Searching The Internet To Estimate Deer Population Trends In The U.S., California, And Connecticut, G. Webb

Faculty Research, Scholarly, and Creative Activity

Information for decision making may be publicly available, but costly to obtain. As an experiment in environmental scanning, the internet was searched on a daily basis over several years to collect information and provide analysis related to decisions on deer management. The process discovered that, contrary to common assumptions, the U.S. deer population has apparently been falling since about the year 2000 based on analysis of available state data that had not been aggregated. In some cases, state population estimates were created using standard procedures on available data. Results indicate that differences in survey methods appear to be relatively constant …