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Online public opinion and firm investment preferences

Author

Listed:
  • Yang, Chunli
  • Qin, Yiyang

Abstract

Using data from Chinese A-share listed companies from 2008 to 2021, this study reveals the impact of online public opinion on firm investment preferences. Results reveal that online public opinion will reduce firms’ real investment and increase firms’ financial investment. Furthermore, the favorable impacts of the online public opinion on firm investment preferences are attained through the financing constraint.

Suggested Citation

  • Yang, Chunli & Qin, Yiyang, 2025. "Online public opinion and firm investment preferences," Finance Research Letters, Elsevier, vol. 86(PD).
    • Handle: RePEc:eee:finlet:v:86:y:2025:i:pd:s1544612325018719
    DOI: 10.1016/j.frl.2025.108617
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    References listed on IDEAS

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