...Vishal P. Baloria; Alvis K. Lo; Susan Shu ABSTRACT We examine whether the media can act as a friction that hampers the efficiency of corporate labor investment, a decision that attracts significant media attention. We develop a new measure of media exposure that takes into account the circulation...

... their earnings announcements. This increase is more pronounced for announcements with substantial media attention, fewer concurrent announcements, heightened internet search volume, and extreme stock price jumps and earnings surprises—indicating that announcement coverage impacts consumer behavior by capturing...

...Mark T. Bradshaw; Brandon Lock; Xue Wang; Dexin Zhou ABSTRACT Both sell-side analysts and the media are information intermediaries in capital markets. This study investigates the association between sell-side analyst research and information in firm-specific news coverage. More frequent recent...

.... Supplemental material can be accessed by clicking the link in Appendix B. Editor's note: Accepted by Gregory S. Miller, under the Senior Editorship of Mark L. DeFond. September 2016 January 2018 2018 credit rating agencies media reputation debt markets The timeliness...

... following, media coverage, and the book-to-price ratio. Our results indicate that IR activities successfully improve visibility, investor following, and market value. Data Availability: All analyses are based on publicly available data. Editor's note: Accepted by Beverly Walther. We...