What do they mean? Using Media Richness as an Indicator for the Information Value of Stock Analyst Opinion regarding post-earnings Firm Performance

Abstract

Abstract

An Eco-Systematic View of Cross-Sector Fintech: The Case of Alibaba and Tencent

“…Research on Fintech business models has grown fast in recent years with 1013 citations in 2017, in contrast with only 14 in 2007 [34]. As an emerging field of research, however, it is not surprising that Fintech has been categorized in various forms and Fintech business models have also been interpreted differently [1,2,11,35,36]. Fintech can be classified according to subsectors or from a functional perspective [11,35].…”

“…The intrusion of digital technology into financial services, commonly referred to as financial technology (Fintech), has triggered significant growth in new business models and unprecedented changes in the finance sector [1,2]. Nearly every financial service is nowadays being targeted by Fintech, either to reduce costs or serve customers better, while ultimately disrupting the financial incumbents [3][4][5].…”

“…Tech-savvy customers now expect a seamless experience across various services, responsive and personalized to their needs and wide access [8][9][10]. New business models arose [2,11,12] often based on value creation for customers that became much more disintegrated both vertically and horizontally, requiring and creating the opportunity for interfirm relations [13]. Fintech not only contributed to major improvements in efficiency and customer orientation by cooperating with traditional incumbents, 2 of 25 but they also embarked more recently to differentiate themselves from traditional financial firms with personalized niche services, data-driven solutions, an innovative culture, and a nimble organization [12].…”

“…While the ecosystem perspective has been advocated to be a particularly useful conceptual framework to capture essential network dynamics between key players and resources [13], the analysis of the Fintech ecosystem is still in its infancy. The scant research largely focuses on Fintech startups and incumbent banks [5,15,17], overlooking the potential role of cross-sectoral technology players operating and offering financial products and services [2,7]. To make the Fintech ecosystem an innovation platform for sustainable economic growth [18], the comprehensive capabilities of these cross-sectoral technology players have been critical.…”

The Information Value of Unstructured Analyst Opinions

“…Paper III.1B (Eickhoff and Muntermann, 2016b) Paper III.1A (Eickhoff and Muntermann, 2015) Paper III.3 (Eickhoff and Muntermann, 2016c) Paper III.2A (Eickhoff and Muntermann, 2016a) Paper III.4 (Eickhoff, 2017) Paper III.2B Figure 13: Grouping of research papers in research areas.…”