Impact of Media Ownership on News Coverage

References

• Ahern KR, Sosyura D (2014) Who writes the news? Corporate press releases during merger negotiations. J. Finance 69(1):241–291.Crossref, Google Scholar
• Ahn S, Denis D (2004) Internal capital markets and investment policy: Evidence from corporate spin-offs. J. Financial Econom. 71(3):489–516.Crossref, Google Scholar
• Auletta K (2011) Murdoch’s best friend. New Yorker Online (April 4), https://www.newyorker.com/magazine/2011/04/11/murdochs-best-friend#ixzz1IYJXXNPR.Google Scholar
• Baum M, Zhukov Y (2019) Media ownership and news coverage of international conflict. Political Comm. 36(1):36–63.Crossref, Google Scholar
• Blankespoor B, deHaan E, Zhu C (2018) Capital market effects of media synthesis and dissemination: Evidence from robo-journalism. Rev. Accounting Stud. 23:1–36.Crossref, Google Scholar
• Bodnaruk A, Loughran T, McDonald B (2015) Using 10-k text to gauge financial constraints. J. Financial Quant. Anal. 50(4):623–646.Crossref, Google Scholar
• Bonsall S, Green J, Muller K (2020) Market uncertainty and the importance of media coverage at earnings announcements. J. Accounting Econom. 69(1):101264.Crossref, Google Scholar
• Bushee B, Core J, Guay W, Hamm S (2010) The role of the business press as an information intermediary. J. Accounting Res. 48(1):1–19.Crossref, Google Scholar
• Bushman R, Pinto J (2020) The influence of short selling on the production and market consequences of negative press coverage. Preprint, submitted September 5, https://dx.doi.org/10.2139/ssrn.3663301.Google Scholar
• Call A, Emett S, Maksymov E, Sharp N (2022) Meet the press: Survey evidence on financial journalists as information intermediaries. J. Accounting Econom. 73(2–3):101455.Crossref, Google Scholar
• Campbell J, Ettredge M, Guo F, Wiebe Z (2020) Information asymmetry in spinoffs: The role of incremental disclosure. Preprint, submitted August 13, 2018, https://dx.doi.org/10.2139/ssrn.3220724.Google Scholar
• Cao S, Fang V, Lei L (2021) Negative peer disclosure. J. Financial Econom. 140(3):815–837.Crossref, Google Scholar
• Carr D (2008) At journal, the words not spoken. The New York Times Online (April 28), https://www.nytimes.com/2008/04/28/business/media/28carr.html.Google Scholar
• Dellavigna S, Hermle J (2017) Does conflict of interest lead to biased coverage? Evidence from movie reviews. Rev. Econom. Stud. 84(4):1510–1550.Google Scholar
• Di Giuli A, Laux P (2022) The effect of media-linked directors on financing and external governance. J. Financial Econom. 145(2):103–131.Crossref, Google Scholar
• Ellison S (2011) War at the Wall Street Journal (Mariner Books Houghton Mifflin Harcourt, Boston).Google Scholar
• Engelberg JE, Parsons CA (2011) The causal impact of media in financial markets. J. Finance 66(1):67–97.Crossref, Google Scholar
• Fama EF, French KR (1993) Common risk factors in the returns on stocks and bonds. J. Financial Econom. 33(1):3–56.Crossref, Google Scholar
• Fang L, Peress J (2009) Media coverage and the cross-section of stock returns. J. Finance 64(59):2023–2052.Crossref, Google Scholar
• Feldman E (2016a) Corporate spinoffs and analyst coverage decisions: The implications for diversified firms. Strategic Management J. 37(7):1196–1219.Crossref, Google Scholar
• Feldman E (2016b) Managerial compensation and corporate spinoffs. Strategic Management J. 37(10):2011–2030.Crossref, Google Scholar
• Files R, Swanson E, Tse S (2009) Stealth disclosure of accounting restatements. Accounting Rev. 84(5):1495–1520.Crossref, Google Scholar
• Gilens M, Hertzman C (2000) Corporate ownership and news bias: Newspaper coverage of the 1996 Telecommunications Act. J. Politics 62(2):369–386.Crossref, Google Scholar
• Golez B, Karapandza R (2019) Home country media slant and cross-listed stocks: The case of automative industry. Preprint, submitted June 13, http://dx.doi.org/10.2139/ssrn.3396726.Google Scholar
• Goldman E, Gupta N, Israelsen R (2020) Political polarization in financial news. Preprint, submitted February 24, http://dx.doi.org/10.2139/ssrn.3537841.Google Scholar
• Gurun U, Butler A (2012) Don’t believe the hype: Local media slant, local advertising and firm value. J. Finance 67(2):561–598.Crossref, Google Scholar
• Huddart S, Ke B (2007) Information asymmetry and cross-sectional variation in insider trading. Contemporary Accounting Res. 24(1):195–232.Crossref, Google Scholar
• Humprecht E (2019) Ownership of news media. Vos TP, Hanusch F, eds. The International Encyclopedia of Journalism Studies (Wiley-Blackwell Publishing, Hoboken, NJ), 1–7.Crossref, Google Scholar
• Jeng L, Metrick A, Zeckhauser R (2003) Estimating the returns to insider trading: A performance evaluation perspective. Rev. Econom. Statist. 85(2):453–471.Crossref, Google Scholar
• Krishnaswami S, Subramaniam V (1999) Information asymmetry, valuation, and the corporate spin-off decision. J. Financial Econom. 53(1):73–112.Crossref, Google Scholar
• Lee Y, Ng S, Shevlin T, Venkat A (2021) The effects of tax avoidance news on employee perceptions of managers and firms: Evidence from glassdoor.com ratings. Accounting Rev. 96(3):343–372.Crossref, Google Scholar
• Loughran T, McDonald B (2011) When is a liability not a liability? Textual analysis, dictionaries, and 10‐Ks. J. Finance 66(1):35–65.Crossref, Google Scholar
• Martin G, McCrain J (2019) Local news and national politics. Amer. Political Sci. Rev. 113(2):372–384.Crossref, Google Scholar
• Miller G (2006) The press as a watchdog for accounting fraud. J. Accounting Res. 44(5):1001–1033.Crossref, Google Scholar
• Miller GS, Skinner DJ (2015) The evolving disclosure landscape: How changes in technology, the media, and capital markets are affecting disclosure. J. Accounting Res. 53(2):221–239.Crossref, Google Scholar
• Omer T, Roulstone D, Sharp N, Twedt B (2012) The people in your neighborhood: Evidence of local information leakage around corporate headquarters when insiders trade. Preprint, submitted November 1, http://dx.doi.org/10.2139/ssrn.2170102.Google Scholar
• Reuter J, Zitzewitz E (2006) Do ads influence editors? Advertising and bias in the financial media. Quart. J. Econom. 121(1):197–227.Google Scholar
• Riedl E (2004) An examination of long-lived asset impairments. Accounting Rev. 79(3):823–852.Crossref, Google Scholar
• Ru Y, Xue J, Zhang Y, Zhou X (2020) Social connections between media and firm executives and the properties of media reporting. Rev. Accounting Stud. 25:963–1001.Crossref, Google Scholar
• Skaife H, Veenman D, Wangerin D (2013) Internal control over financial reporting and managerial rent extraction: Evidence from profitability of insider trading. J. Accounting Econom. 55(1):91–110.Crossref, Google Scholar
• Tetlock PC (2007) Giving content to investor sentiment: The role of media in stock market. J. Finance 62(3):1139–1168.Crossref, Google Scholar
• Xu G (2020) News bias in financial journalists. Preprint, submitted June 4, https://dx.doi.org/10.2139/ssrn.3189273.Google Scholar
• You J, Zhang B, Zhang L (2018) Who captures the power of the pen? Rev. Financial Stud. 31(1):43–96.Crossref, Google Scholar