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Philipp Sandner

Bio: Philipp Sandner is an academic researcher from Frankfurt School of Finance & Management. The author has contributed to research in topics: Venture capital & Entrepreneurship. The author has an hindex of 32, co-authored 106 publications receiving 6334 citations. Previous affiliations of Philipp Sandner include Erasmus University Rotterdam & University of Passau.


Papers
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Proceedings Article
16 May 2010
TL;DR: It is found that the mere number of messages mentioning a party reflects the election result, and joint mentions of two parties are in line with real world political ties and coalitions.
Abstract: Twitter is a microblogging website where users read and write millions of short messages on a variety of topics every day This study uses the context of the German federal election to investigate whether Twitter is used as a forum for political deliberation and whether online messages on Twitter validly mirror offline political sentiment Using LIWC text analysis software, we conducted a content-analysis of over 100,000 messages containing a reference to either a political party or a politician Our results show that Twitter is indeed used extensively for political deliberation We find that the mere number of messages mentioning a party reflects the election result Moreover, joint mentions of two parties are in line with real world political ties and coalitions An analysis of the tweets’ political sentiment demonstrates close correspondence to the parties' and politicians’ political positions indicating that the content of Twitter messages plausibly reflects the offline political landscape We discuss the use of microblogging message content as a valid indicator of political sentiment and derive suggestions for further research

2,718 citations

Journal ArticleDOI
TL;DR: In this paper, the authors investigated whether microblogging messages on Twitter validly mirror the political landscape off-line and can be used to predict election results and found that Twitter is used extensively for political deliberation and that the mere number of party mentions accurately reflects the election result.
Abstract: This study investigates whether microblogging messages on Twitter validly mirror the political landscape off-line and can be used to predict election results. In the context of the 2009 German federal election, we conducted a sentiment analysis of over 100,000 messages containing a reference to either a political party or a politician. Our results show that Twitter is used extensively for political deliberation and that the mere number of party mentions accurately reflects the election result. The tweets' sentiment (e.g., positive and negative emotions associated with a politician) corresponds closely to voters' political preferences. In addition, party sentiment profiles reflect the similarity of political positions between parties. We derive suggestions for further research and discuss the use of microblogging services to aggregate dispersed information.

427 citations

Journal ArticleDOI
TL;DR: It is demonstrated that users providing above average investment advice are retweeted more often and have more followers, which amplifies their share of voice, as well as disagreement and volatility in microblogging forums.
Abstract: Microblogging forums (e.g., Twitter) have become a vibrant online platform for exchanging stock-related information. Using methods from computational linguistics, we analyse roughly 250,000 stock-related messages (so-called tweets) on a daily basis. We find an association between tweet sentiment and stock returns, message volume and trading volume, as well as disagreement and volatility. In contrast to previous related research, we also analyse the mechanism leading to an efficient aggregation of information in microblogging forums. Our results demonstrate that users providing above average investment advice are retweeted (i.e., quoted) more often and have more followers, which amplifies their share of voice.

327 citations

Journal ArticleDOI
TL;DR: In this article, the authors analyzed whether necessity entrepreneurs differ from opportunity entrepreneurs in terms of self-employment duration and found that opportunity entrepreneurs remain in self employment longer than necessity entrepreneurs after controlling for the entrepreneurs' education.
Abstract: Using data from the German Socio-Economic Panel Study (GSOEP), we analyze whether necessity entrepreneurs differ from opportunity entrepreneurs in terms of self-employment duration. Using univariate statistics, we find that opportunity entrepreneurs remain in self-employment longer than necessity entrepreneurs. However, after controlling for the entrepreneurs’ education in the professional area where they start their venture, this effect is no longer significant. We therefore conclude that the difference observed is not an original effect but rather is due to selection. We then go on to discuss the implications of our findings for entrepreneurship-policy making, and give suggestions to improve governmental start-up programs.

307 citations

Journal ArticleDOI
TL;DR: The economic value of other intangible assets has rarely been studied although other IP rights, including trademarks, are increasingly important for companies as mentioned in this paper, which is surprising given their importance for companies to protect their brands.

208 citations


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Book
01 May 2012
TL;DR: Sentiment analysis and opinion mining is the field of study that analyzes people's opinions, sentiments, evaluations, attitudes, and emotions from written language as discussed by the authors and is one of the most active research areas in natural language processing and is also widely studied in data mining, Web mining, and text mining.
Abstract: Sentiment analysis and opinion mining is the field of study that analyzes people's opinions, sentiments, evaluations, attitudes, and emotions from written language. It is one of the most active research areas in natural language processing and is also widely studied in data mining, Web mining, and text mining. In fact, this research has spread outside of computer science to the management sciences and social sciences due to its importance to business and society as a whole. The growing importance of sentiment analysis coincides with the growth of social media such as reviews, forum discussions, blogs, micro-blogs, Twitter, and social networks. For the first time in human history, we now have a huge volume of opinionated data recorded in digital form for analysis. Sentiment analysis systems are being applied in almost every business and social domain because opinions are central to almost all human activities and are key influencers of our behaviors. Our beliefs and perceptions of reality, and the choices we make, are largely conditioned on how others see and evaluate the world. For this reason, when we need to make a decision we often seek out the opinions of others. This is true not only for individuals but also for organizations. This book is a comprehensive introductory and survey text. It covers all important topics and the latest developments in the field with over 400 references. It is suitable for students, researchers and practitioners who are interested in social media analysis in general and sentiment analysis in particular. Lecturers can readily use it in class for courses on natural language processing, social media analysis, text mining, and data mining. Lecture slides are also available online.

4,515 citations

Proceedings Article
16 May 2014
TL;DR: Interestingly, using the authors' parsimonious rule-based model to assess the sentiment of tweets, it is found that VADER outperforms individual human raters, and generalizes more favorably across contexts than any of their benchmarks.
Abstract: The inherent nature of social media content poses serious challenges to practical applications of sentiment analysis. We present VADER, a simple rule-based model for general sentiment analysis, and compare its effectiveness to eleven typical state-of-practice benchmarks including LIWC, ANEW, the General Inquirer, SentiWordNet, and machine learning oriented techniques relying on Naive Bayes, Maximum Entropy, and Support Vector Machine (SVM) algorithms. Using a combination of qualitative and quantitative methods, we first construct and empirically validate a gold-standard list of lexical features (along with their associated sentiment intensity measures) which are specifically attuned to sentiment in microblog-like contexts. We then combine these lexical features with consideration for five general rules that embody grammatical and syntactical conventions for expressing and emphasizing sentiment intensity. Interestingly, using our parsimonious rule-based model to assess the sentiment of tweets, we find that VADER outperforms individual human raters (F1 Classification Accuracy = 0.96 and 0.84, respectively), and generalizes more favorably across contexts than any of our benchmarks.

3,299 citations

01 Jan 2009

3,235 citations

Posted Content
TL;DR: The Oxford Handbook of Innovation as mentioned in this paper provides a comprehensive and holistic understanding of the phenomenon of innovation, with a focus on firms and networks, and the consequences of innovation with respect to economic growth, international competitiveness, and employment.
Abstract: This handbook looks to provide academics and students with a comprehensive and holistic understanding of the phenomenon of innovation. Innovation spans a number of fields within the social sciences and humanities: Management, Economics, Geography, Sociology, Politics, Psychology, and History. Consequently, the rapidly increasing body of literature on innovation is characterized by a multitude of perspectives based on, or cutting across, existing disciplines and specializations. Scholars of innovation can come from such diverse starting points that much of this literature can be missed, and so constructive dialogues missed. The editors of The Oxford Handbook of Innovation have carefully selected and designed twenty-one contributions from leading academic experts within their particular field, each focusing on a specific aspect of innovation. These have been organized into four main sections, the first of which looks at the creation of innovations, with particular focus on firms and networks. Section Two provides an account of the wider systematic setting influencing innovation and the role of institutions and organizations in this context. Section Three explores some of the diversity in the working of innovation over time and across different sectors of the economy, and Section Four focuses on the consequences of innovation with respect to economic growth, international competitiveness, and employment. An introductory overview, concluding remarks, and guide to further reading for each chapter, make this handbook a key introduction and vital reference work for researchers, academics, and advanced students of innovation. Contributors to this volume - Jan Fagerberg, University of Oslo William Lazonick, INSEAD Walter W. Powell, Stanford University Keith Pavitt, SPRU Alice Lam, Brunel University Keith Smith, INTECH Charles Edquist, Linkoping David Mowery, University of California, Berkeley Mary O'Sullivan, INSEAD Ove Granstrand, Chalmers Bjorn Asheim, University of Lund Rajneesh Narula, Copenhagen Business School Antonello Zanfei, Urbino Kristine Bruland, University of Oslo Franco Malerba, University of Bocconi Nick Von Tunzelmann, SPRU Ian Miles, University of Manchester Bronwyn Hall, University of California, Berkeley Bart Verspagen , ECIS Francisco Louca, ISEG Manuel M. Godinho, ISEG Richard R. Nelson, Mario Pianta, Urbino Bengt-Ake Lundvall, Aalborg

3,040 citations