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商学院卓越学术讲坛2025年第29期


来源:
学校官网

收录时间:
2025-10-29 15:11:33

时间:
2025-11-03 10:00:00

地点:
学院南路校区主教学楼615 会议室

报告人:
褚远方

学校:
-/-

关键词:
social media, product announcements, competitive response, consumer sentiment, product market strategy, real-time information

简介:
Using data from a popular social media platform, we examine whether firms’ product market strategies are associated with social media reactions to competitors’ product announcements. We document that product announcements trigger heightened discussions on social media. Firms adjust their product offerings to a greater extent in the following year when their competitors’ new products attract strong social media attention, especially if accompanied by favorable sentiment. Furthermore, high attention is associated with greater product differentiation, while positive sentiment correlates with convergence in product offerings when attention is moderate. These effects persist after controlling for alternative information channels, product market dynamics, and firm characteristics. We argue that social media serves as a valuable external source of real-time, crowdsourced information on the consumer side, reflecting potential consumer bases and preferences for new products. This is evidenced by results showing the baseline associations are driven by product-related discussions and stronger in market-oriented industries.

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报告介绍:
Using data from a popular social media platform, we examine whether firms’ product market strategies are associated with social media reactions to competitors’ product announcements. We document that product announcements trigger heightened discussions on social media. Firms adjust their product offerings to a greater extent in the following year when their competitors’ new products attract strong social media attention, especially if accompanied by favorable sentiment. Furthermore, high attention is associated with greater product differentiation, while positive sentiment correlates with convergence in product offerings when attention is moderate. These effects persist after controlling for alternative information channels, product market dynamics, and firm characteristics. We argue that social media serves as a valuable external source of real-time, crowdsourced information on the consumer side, reflecting potential consumer bases and preferences for new products. This is evidenced by results showing the baseline associations are driven by product-related discussions and stronger in market-oriented industries.
报告人介绍:
褚远方,香港中文大学商学院金融学系博士后研究员,博士毕业于香港中文大学商学院。主要研究领域包括实证公司金融、产品市场竞争、信息环境、企业创新与金融摩擦。目前有多篇论文在Management Science、Journal of Accounting Research等国际顶级学术期刊审稿中,并于国内外重要学术会议进行汇报,如FMA、SFA及CICF等,多次获得Best paper奖项。

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