Small firm investors know best: Sophisticated posters on Australia’s largest stock message board
Australian Journal of Management
Published online on July 18, 2026
Abstract
Australian Journal of Management, Ahead of Print.
We investigate Australia’s largest online stock message board, HotCopper, by focusing on the impact of sophisticated fundamentals-based posters on market efficiency. In analyzing over 2.5 million posts related to 2500 ASX-listed stocks from 2008 to 2016, ...
We investigate Australia’s largest online stock message board, HotCopper, by focusing on the impact of sophisticated fundamentals-based posters on market efficiency. In analyzing over 2.5 million posts related to 2500 ASX-listed stocks from 2008 to 2016, ...