Finance Professor @BaruchCollege CUNY. Social Finance, Behavioral Finance, Corporate Governance, ESG Investing

Joined November 2012
Excited to share a new paper on how social interactions trigger and amplify lottery stock mania. Looking forward to your comments!
“Social Interactions and Lottery Stock Mania” Heightened social media activity about a stock predicts extreme daily price run-ups. Heavy social media discussion of such lottery event stocks is followed by heavy retail buying—espec. by Robinhood users—and then lower returns. /1
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Looking forward to a great conference and discussing how finance can help with the energy transition!
Princeton Energy Conference 2024: BCF Visiting Professor, Lin Peng (@LinPengFin), moderates the panel on ‘Financing the Energy Transition.’ Specializing in ESG and sustainability, she has led SEC seminars and been featured in the WSJ and FT. Register: bit.ly/3BcalEk
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Excited to share that our new paper (with Linyi Zhang) is now published in Management Science: "Unleashing the Crowd: The Effect of Social Networks in #Crowdfunding Markets." #SocialNetworks increase project visibility, disseminate information, and shape capital allocation.
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Key findings: • Investors 50% more likely to fund projects peers support • 11% more likely to fund projects from regions with strong social ties • Effects amplified on platforms prioritizing transparency • Social networks help mitigate negative impacts of disasters on funding
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🚀 Excited to share my research (with Siew Hong Teoh, Yakun Wang, and Jiawen Yan) showcased in @chicagoboothrev. We apply social psychology and #AI techniques to study the importance of first impressions about financial analysts chicagobooth.edu/review/imag…
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Key insights: 1. Analysts’ perceived trustworthiness and dominance positively linked to forecast accuracy. 2. Perceptions of dominance improves male analysts’ career outcomes, but substantially hurts female analysts’ career outcomes. Full paper: onlinelibrary.wiley.com/doi/…
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🎉Publication News🎉: 'Unleashing the Crowd: the Effect of Social Networks in Crowdfunding Markets' by #KeynesFund PI @LinPengFin & co-author has been accepted by Management Science. It also won 'Best Paper Award', 2021 Int Conf on Smart Finance! ➡️bit.ly/3y0yYTn
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📢 Congratulations to @LinPengFin & co-authors for winning 1st place in Driehaus Center for Behavioral Finance Research Prize! 'News Diffusion in Social Networks & Stock Market Reactions' Accepted by 'The Review of Financial Studies' too. #KeynesFund ➡️ bit.ly/4fhMDWI
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Happy to share that my paper, Face Value: Trait Inference, Performance Characteristics, and Market Outcomes for Financial Analysts, with Siew Hong Teoh, Yakun Wang and Jiawen Yan, has been recognized as one of the most widely read papers published by the JAR.
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We apply social psychology and #AI to study first impressions about financial Analysts. We find that analysts’ perceived trustworthiness and dominance improve forecast accuracy, whereas attractiveness improves accuracy only for new analysts or in firms with new management.
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A super insightful lecture by @4misceldah Professor David Hirshleifer, the leading scholar in Social Finance
Video of my recent virtual presentation, "Social Finance: To Infinity and Beyond," Financial Management Association youtu.be/SEE5Apu14nY?si=sM11… #SocialFinance #SocialEcon
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Looking forward to presenting my research "Promoting Corporate Sustainability Through Executive Pay: Evidence from Around the World" at the NGO Sustainability Annual Meeting @ngosusinc papers.ssrn.com/sol3/papers.…
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A fun learning experience with brilliant Baruch students. Enormous thanks to Frederick Cooper, SVP Toll Brothers; Eric Landau, President, Brooklyn Bridge Park; Bernd Pichler, area Managing Director, 1 Hotels; and Ailey Roberts, Global Head of Sustainable Investing, BGO.
👏This past April, Zicklin & Weissman students studied climate change solutions on a experiential field trip to 1 Hotel Brooklyn Bridge. Read more: zicklin.baruch.cuny.edu/zick… #ZicklinBusiness #BaruchCollege #climatechange
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Happy to announce the program for AI in Finance/RFS conference at Columbia in June! sites.google.com/view/ai-fin… We received 150 submissions: so many interesting papers! It is truly inspiring to witness many brilliant minds delving into the implications of AI in finance.
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📚 A must-read for anyone interested in social learning and information cascades! In this comprehensive review, leading scholars cover crucial theoretical developments of the past 30 years, offering a thought-provoking look at the field's foundations and frontiers. 🌟💡
🎉🎉🎉 Our survey on "Information Cascades and Social Learning" is now forthcoming at Journal of Economic Literature 🎉🎉🎉
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Super insightful and very timely review by leading scholars in social media and finance, highly recommend!
I'm excited to release a public draft of a review article (with @marinaniessner and @w_mullins_ ) of research on social media and finance. papers.ssrn.com/sol3/papers.… The organizing principle is to distinguish "social media as a lens" versus "social media, the phenomenon."
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Truly humbled and honored by the recognition. Grateful to AACSB and Baruch for valuing innovation in research and teaching. Proud to work with my colleagues at Zicklin, shaping future leaders.
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It is super sad to see visionary figures pass. But I am happy the community is celebrating all of the contributions Mike Jensen made to academic finance. He founded the JFE and made it WORK. Gene Fama has written a great piece here: promarket.org/2024/04/04/mic…
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