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 (Unpublished)

Abstract

Introduction

  • 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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ID Code: 97866
Item Type: Conference Item (Presentation)
Refereed: No
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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