Investor Disagreement, Disclosure Processing Costs, and Trading Volume Evidence from Social Media

The authors thank StockTwits for providing academic access to their data. We appreciate comments from two anonymous reviewers, Kris Allee, Beth Blankespoor, Mark T. Bradshaw, Pierce Crosby, Remington Curtis, Ed deHaan, Jon Karpoff, Sam Melessa, Sarah McVay, Derek Oler, Roy Schmardebeck, and seminar and workshop participants at BYU Accounting Symposium, the University of Arkansas, the University of Miami, and The University of Melbourne. The authors thank the Arkansas High-Performance Computing Center for computational advice and access to their computers. Asher Curtis thanks the Herbert O. Whitten Endowment for financial support. All errors remain our responsibility.

Adam Booker, University of Denver, Daniels College of Business, Accounting, Denver, CO, USA; Asher Curtis, University of Washington, Foster School of Business, Accounting, Seattle, WA, USA; Vernon J. Richardson, University of Arkansas, Sam M. Walton College of Business, William Dillard Department of Accounting, Fayetteville, AR and Baruch College–CUNY, Zicklin School of Business, Stan Ross Department of Accountancy, New York, NY, USA.

Editor’s note: Accepted by Mark T. Bradshaw, under the Senior Editorship of Mary E. Barth.