Financial reporting on social media (including Twitter) - reviewing the challenges
Chapple, Larelle June, Prasad, Acklesh, & Xiong, Feng (2016) Financial reporting on social media (including Twitter) - reviewing the challenges. In Accounting and Finance Association of Australia and New Zealand, 3-5 July 2016, Jupiters Hotel, Gold Coast, Qld. (Unpublished)
The tweet that added $1 billion to the company's bottom line
Shares jumped nearly 4 per cent in just 10 minutes
Adding a $US900 million to the company's market cap in just 115 characters.
The tweet went out to his 1.9 million followers and had thousands of retweets within an hour.
Purpose of this paper
ASX companies are subject to continuous disclosure so twitter posts are not new information?
so how plausible is it that twitter posts add information in the market?
How do regulators view social media reporting?
How “should” firms respond in a regulated environment?
How should the future development of regulations or guidelines to manage the use of Twitter and other social media platforms for financial reporting be approached?
Impact and interest:
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|Item Type:||Conference Item (Presentation)|
|Keywords:||Financial Reporting, Social media, Twitter|
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Accountancy
|Copyright Owner:||Copyright 2016 The Authors|
|Deposited On:||02 Aug 2016 23:37|
|Last Modified:||02 Aug 2016 23:37|
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