Please use this identifier to cite or link to this item:
http://hdl.handle.net/10397/95516
DC Field | Value | Language |
---|---|---|
dc.contributor | School of Accounting and Finance | en_US |
dc.creator | Fu, J | en_US |
dc.creator | Zhao, J | en_US |
dc.date.accessioned | 2022-09-21T01:39:12Z | - |
dc.date.available | 2022-09-21T01:39:12Z | - |
dc.identifier.issn | 1029-807X | en_US |
dc.identifier.uri | http://hdl.handle.net/10397/95516 | - |
dc.language.iso | en | en_US |
dc.rights | © The Author(s) 2021. This article is published with open access by The Hong Kong Polytechnic University. | en_US |
dc.rights | This work is licensed under a Creative Commons Attribution 4.0 International License (https://creativecommons.org/licenses/by/4.0/). | en_US |
dc.rights | The following publication Fu, J., & Zhao, J. (2021). Media as Other Information for Fundamental Valuation. China Accounting and Finance Review, 23(4), 1-28 is available at https://scholarworks.utrgv.edu/account_fac/15/ | en_US |
dc.subject | Media content | en_US |
dc.subject | Fundamental valuation | en_US |
dc.subject | Mispricing | en_US |
dc.title | Media as other information for fundamental valuation | en_US |
dc.type | Journal/Magazine Article | en_US |
dc.identifier.spage | 1 | en_US |
dc.identifier.epage | 28 | en_US |
dc.identifier.volume | 23 | en_US |
dc.identifier.issue | 4 | en_US |
dcterms.abstract | The media is an important information intermediary. We investigate the informational role of the media by examining whether media content, measured by the sentiment of news articles, contains information about a firm’s fundamental value beyond that conveyed in earnings, book value, and analyst forecasts. We show that incorporating media content into Ohlson’s (1995) residual income model generally improves its ability to predict future residual income, explain current stock prices, and predict future stock prices. Our results are strengthened when media coverage is higher and when media sentiment is more dispersed. | en_US |
dcterms.accessRights | open access | en_US |
dcterms.bibliographicCitation | China accounting and finance review (中國會計與財務硏究), Dec. 2021, v. 23, no. 4, p. 1-28 | en_US |
dcterms.isPartOf | China accounting and finance review (中國會計與財務硏究) | en_US |
dcterms.issued | 2021-12 | - |
dc.identifier.eissn | 2307-3055 | en_US |
dc.description.validate | 202209 bckw | en_US |
dc.description.oa | Version of Record | en_US |
dc.identifier.FolderNumber | RGC-B2-1393 | - |
dc.description.fundingSource | RGC | en_US |
dc.description.fundingSource | Others | en_US |
dc.description.fundingText | The Hong Kong Polytechnic University | en_US |
dc.description.pubStatus | Published | en_US |
dc.description.oaCategory | CC | en_US |
Appears in Collections: | Journal/Magazine Article |
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2021_4_1.pdf | 556.88 kB | Adobe PDF | View/Open |
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