Please use this identifier to cite or link to this item:
http://hdl.handle.net/10397/111749
| DC Field | Value | Language |
|---|---|---|
| dc.contributor | School of Accounting and Finance | - |
| dc.creator | Yu, M | - |
| dc.creator | Kyung, H | - |
| dc.creator | Tsang, A | - |
| dc.date.accessioned | 2025-03-14T03:56:50Z | - |
| dc.date.available | 2025-03-14T03:56:50Z | - |
| dc.identifier.issn | 1755-3091 | - |
| dc.identifier.uri | http://hdl.handle.net/10397/111749 | - |
| dc.language.iso | en | en_US |
| dc.publisher | Elsevier BV | en_US |
| dc.rights | © 2024 Sun Yat-sen University. Production and hosting by Elsevier B.V. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). | en_US |
| dc.rights | The following publication Yu, M., Kyung, H., & Tsang, A. (2024). Media coverage and price reactions to earnings news. China Journal of Accounting Research, 17(3), 100379 is available at https://doi.org/10.1016/j.cjar.2024.100379. | en_US |
| dc.subject | Asymmetric stock market reactions | en_US |
| dc.subject | Earnings announcement | en_US |
| dc.subject | Earnings persistence | en_US |
| dc.subject | Media coverage | en_US |
| dc.title | Media coverage and price reactions to earnings news | en_US |
| dc.type | Journal/Magazine Article | en_US |
| dc.identifier.volume | 17 | - |
| dc.identifier.issue | 3 | - |
| dc.identifier.doi | 10.1016/j.cjar.2024.100379 | - |
| dcterms.abstract | In this study, we find that relative to firms with less media coverage, stock price sensitivity to positive (negative) earnings surprises in earnings announcements of firms with greater media coverage is stronger (weaker). This asymmetry in the effect of media coverage on stock price sensitivity to positive versus negative earnings surprises suggests that greater media coverage of earnings announcements intensifies stock price reactions to positive earnings surprises but attenuates reactions to negative earnings surprises. Moreover, we find that negative earnings news is less persistent for firms with greater media coverage. Overall, our findings support the conjecture that greater media coverage increases managers’ incentive to avoid future negative news, thereby reducing the persistence of poor financial performance and weakening price reactions to negative earnings news. | - |
| dcterms.accessRights | open access | en_US |
| dcterms.bibliographicCitation | China journal of accounting research, Sept 2024, v. 17, no. 3, 100379 | - |
| dcterms.isPartOf | China journal of accounting research | - |
| dcterms.issued | 2024-09 | - |
| dc.identifier.scopus | 2-s2.0-85199129429 | - |
| dc.identifier.eissn | 2214-1421 | - |
| dc.identifier.artn | 100379 | - |
| dc.description.validate | 202503 bcch | - |
| dc.description.oa | Version of Record | en_US |
| dc.identifier.FolderNumber | OA_Scopus/WOS | en_US |
| dc.description.fundingSource | Self-funded | en_US |
| dc.description.pubStatus | Published | en_US |
| dc.description.oaCategory | CC | en_US |
| Appears in Collections: | Journal/Magazine Article | |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| 1-s2.0-S1755309124000376-main.pdf | 531.3 kB | Adobe PDF | View/Open |
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