Dear Colleagues,
it is my pleasure to invite you to the following seminar in Quantitative Finance, organised by LTI@UniTO (www.carloalberto.org/lti) and Collegio Carlo Alberto (CCA), which will take place at CCA in Torino and can be followed via Zoom. At the event page link you can find the zoom link to attend online and a button to add the event to your calendars.
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October 2nd @ 12.00 Speaker: Diego Garcia (University of Colorado Boulder)
Title: New Consumption in the Wild Abstract: We study how market returns shape news consumption, employing 700 million pageviews over 27 months from Australia’s largest financial newspaper, the Australian Financial Review. Aggregate news consumption intensifies on days when the Australian market index decreases, led by a dramatic spike in consumption of markets news. By contrast, firm-specific news consumption declines when the aggregate market moves more (up or down). These findings imply aggregate and firm-specific news are substitutes for one another, consistent with theories of limited attention. These news consumption effects are strongest for fresh news, but they are also present for stale news articles on days when there are no articles about the firm.
Joint with Tony Cookson and Elvis Jarnecic
Event webpage link: https://www.carloalberto.org/event/diego-garcia-university-of-colorado-bould... Zoom link: https://us02web.zoom.us/j/89773170403?pwd=UDZDMS9BSzU5ckxqWG1yOGVzSkZzZz09#s... https://us02web.zoom.us/j/86924691100?pwd=TGcxeGpoM0dTR1FxaU9hQVM1SmlnUT09
Best regards,
Luca Regis