The Media and the Diffusion of Information in Financial Markets: Evidence from Newspaper Strikes

By Joel Peress. 2013

478 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/8ab6535d7f551f7241577b25eb34d425b1190bac

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Citations in the corpus

The role of the media in disseminating insider-trading news (2016, unknown): “Similarly, Peress (2014) shows that newspaper strikes in European countries affect levels of trading and that these effects are stronger for smaller firms.”
WSJ Category Kings - the impact of media attention on consumer and mutual fund investment decisions (2017, unknown): “Furthermore, we show that even as the WSJ made all rankings available on its website, thus making the ranking information readily available for all funds, not just the top 10 in each 1See, e.g., Peress (2014) 2E.g. Gruber (1996), Carhart (1997), Chevalier and Ellison (1997).”
It Depends on Where You Search: Institutional Investor Attention and Underreaction to News (2017, background): “Since Bloomberg terminals are important in disseminating news to institutional investors, our paper also contributes to the broader literature linking the news media to asset prices, including Tetlock (2007), Fang and Peress (2009), Loughran and McDonald (2011), Engelberg and Parsons (2011), Gurun a”
Media Coverage and the Cost of Debt (2019, unknown): “Peress (2014) shows that media coverage contributes to the efﬁciency of the stock market by improving the dissemination of information among investors, and its incorporation into stock prices. h tt p s : // d o i . o r g / 10 .”
Financing dies in darkness? The impact of newspaper closures on public finance (2020, background): “Following a newspaper closure, informational frictions become exacerbated ( Fang and Peress, 2009; Peress, 2014 ), resulting in greater adverse selection risk and thus lower levels of liquidity ( Kyle, 1985; Glosten and Milgrom, 1985 ).”
Capital market effects of media synthesis and dissemination: evidence from robo-journalism (2017, unknown): “Our study contributes in several ways to the literature examining the role of the media in capital markets (e.g., Bushee et al. 2010; Tetlock 2010; Engelberg and Parsons 2011; Peress 2014; Drake et al. 2014, 2017; Rogers et al. 2016).”
Identification and generalizability in accounting research: A discussion of Christensen, Floyd, Liu, and Maffett (2017) (2017, unknown): “In this case, specific features include the following facts: 1) the public dissemination of the safety disclosures is via the gov- 1 E.g., Bushee et al. (2010), Engelberg and Parsons (2011), Drake et al. (2012), Blankespoor et al. (2013 ), Peress (2014), Drake et al. (2015) .”
Macro fundamentals or geopolitical events? A textual analysis of news events for crude oil (2019, unknown): “On one hand, Peress (2014) argues that media contributes to the efficiency of markets by improving the dissemination of information among investors and its incorporation into prices.”
Rumor Has It: Sensationalism in Financial Media (2015, background): “(JEL G14, G34, L82) The business press plays a key role in capital markets as a distributor of information (Tetlock 2010; Engelberg and Parsons 2011; Peress 2014).”
The Governance Effect of the Media's News Dissemination Role: Evidence from Insider Trading (2015, unknown): “16 See, for example, Sale [2002], Cheng and Lo [2006], Rogers [2008], Brochet [2010], Rogers, Van Buskirk, and Zechman [2011], Billings and Cedergren [2014], and Brochet and Srinivasan [2014].”
Coronavirus (COVID-19) — An epidemic or pandemic for financial markets (2020, unknown): “This may be attributed to higher media coverage in the pandemic period leading to negative sentiments which caused markets to decline and volatility to rise (Engelberg and Parsons, 2011; Peress, 2014; Donadelli, 2015).”