{"id":3271,"date":"2023-08-11T10:37:55","date_gmt":"2023-08-11T10:37:55","guid":{"rendered":"https:\/\/www.uni.lu\/fdef-en\/?post_type=news&#038;p=3271"},"modified":"2023-10-13T10:07:07","modified_gmt":"2023-10-13T08:07:07","slug":"df-lunch-seminar-with-professor-charles-martineau-university-of-toronto","status":"publish","type":"news","link":"https:\/\/www.uni.lu\/fdef-en\/news\/df-lunch-seminar-with-professor-charles-martineau-university-of-toronto\/","title":{"rendered":"DF Lunch Seminar with Professor Charles Martineau, University of Toronto"},"content":{"rendered":"\n<section class=\"wp-block-unilux-blocks-free-section section\"><div class=\"container xl:max-w-screen-xl\">\n<p>With the Lunch Seminar series, the Department of Finance is bringing eminent and up-and-coming researchers from around the world to Luxembourg.<\/p>\n\n\n\n<p><strong>\u201cWhen Crowds Aren\u2019t Wise: Biased Social Networks and its Price Impact&#8221;<\/strong><\/p>\n\n\n\n<p><strong>Speaker: <\/strong>Prof. Charles Martineau,<br>University of Toronto<\/p>\n\n\n\n<p><strong>DATE:<\/strong> Thursday, 21 September 2023<\/p>\n\n\n\n<p><strong>TIME:<\/strong> 12:15 &#8211; 13:30<\/p>\n\n\n\n<p><a href=\"https:\/\/www.eventbrite.fr\/e\/df-lunch-seminar-with-professor-charles-martineau-university-of-toronto-registration-679979716637?mc_cid=ae8094455d&amp;mc_eid=9f00369127\">Registration link<\/a><\/p>\n\n\n\n<p><strong>Abstract:<\/strong><\/p>\n\n\n\n<p>Information production from investment social networks around earnings announcements matters to price efficiency. Social networks\u2019 content is excessively optimistic and associated with buying pressure before announcements. Such pressure deviates prices away from fundamentals before negative news and towards fundamentals before positive news. In rare cases of extreme pessimism, we find selling price pressure before positive and negative earnings news. Surges in retail trading and investors\u2019 beliefs susceptible to manipulation amplify these effects. Our results suggest that social networks induce optimistic trading, consistent with a model of wishful thinking.<\/p>\n\n\n\n<p>The seminar will be held in-person.<br><br><strong><u>Venue:<\/u><\/strong><br>University of Luxembourg<br>Campus Kirchberg<br>JFK Building, Room Nancy \/ Metz<br>29, Avenue J.F. Kennedy<br>1855 Luxembourg<\/p>\n\n\n\n<p><strong><u>Please note that cold lunch will be provided for registered participants only.<\/u><\/strong><\/p>\n\n\n\n<p><em>This event is Supported by the Luxembourg National Research Fund (2022\/17573036)<\/em><\/p>\n\n\n\n<p><br><\/p>\n<\/div><\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":48,"featured_media":0,"template":"","format":"standard","meta":{"featured_image_focal_point":[],"show_featured_caption":false,"ulux_newsletter_groups":"","uluxPostTitle":"","uluxPrePostTitle":"","_trash_the_other_posts":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false},"news-category":[],"news-topic":[],"organisation":[101],"authorship":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.3 (Yoast SEO v22.3) - 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