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    The Library in Autumn

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    The front exterior of the MacPhaidin Library during the fall of 2020.https://soar.stonehill.edu/stonehillcampus_images/1105/thumbnail.jp

    Leaves Everywhere

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    A brightly colored tree in front of May Hall on a rainy day during the fall of 3030https://soar.stonehill.edu/stonehillcampus_images/1124/thumbnail.jp

    Take a Peak

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    A look at Donahue Hall from the hydrangea\u27s in front of May Hall. Photo edited with Brushstroke for a watercolor effect.https://soar.stonehill.edu/stonehillcampus_images/1015/thumbnail.jp

    Donahue Hall during Summer of 2020

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    Donahue Hall during the summer of 2020. Photo edited with Brushstroke to give it a watercolor effect.https://soar.stonehill.edu/stonehillcampus_images/1006/thumbnail.jp

    Donhue Hall from the Quad

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    Donahue Hall in the summer of 2020. Photo edited with Brushstroke to give a watercolor effect.https://soar.stonehill.edu/stonehillcampus_images/1005/thumbnail.jp

    Asymmetric Effect of Media Tone on IPO Underpricing and Volatility

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    ©, Copyright © Taylor & Francis Group, LLC. Because of asymmetric information between issuing companies and investors, media coverage plays an important role in conveying information to investors during an initial public offering (IPO). The stock price is affected by a large amount of information released to the public through media coverage. Using a comprehensive sample of 1,075 IPOs on China’s stock market from 2009 to 2016, this paper conducts a textual analysis to determine the tone of media coverage and examines the relationship between media tone and IPO underpricing as well as post-IPO volatility. The empirical results show that media coverage during an IPO is significantly negatively associated with IPO underpricing, which confirms our hypothesis that the tone of media coverage reduces the degree of information asymmetry between investors and issuers, regardless of whether the tone is positive or negative. Consistent with prospect theory, investors are more sensitive to media coverage with a negative tone

    Across the Pond

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    A view of Ames Pond from the bridge during the fall of 2020.https://soar.stonehill.edu/stonehillcampus_images/1126/thumbnail.jp

    Stonehill Alumni Magazine Summer/Fall 2020

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    This issue of the magazine includes the following features: Bedtime Storyteller: Patrick Bonner ’02 and his daughter Stella turn a magical bedtime story into a book while raising money for those in need. BY KIM LAWRENCE A Basic Requirement for Life: With food insecurity on the rise, five alumni share how they are working to address the food crisis locally and globally. BY TRACEY PALMER So That All Can Learn: A new graduate program in inclusive education prepares teachers to address cultural, racial, ethnic and gender identity in the classroom. BY MAURA KING SCULLYhttps://soar.stonehill.edu/alumnimagazine/1044/thumbnail.jp

    The MacPhaidin Library

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    A close up image of the front of the MacPhaidin Library on fountain taken during the quarantine period of 2020. Edited with Brushstroke for a watercolor effect.https://soar.stonehill.edu/stonehillcampus_images/1004/thumbnail.jp

    Libralien in His Mask

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    Libralien, in his mask, taking a nap after moving furniture around to accommodate for new occupancy requirements during COVID-19.https://soar.stonehill.edu/stonehillcampus_images/1023/thumbnail.jp

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