The Role of the Business Press as an Information Intermediary

By Brian J. Bushee, John E. Core, W. Guay, S. Hamm. 2010

918 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/8d6b828df043dd18517acefe2fc55229d699e80a

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

In Finance

Citations in the corpus

Identification and generalizability in accounting research: A discussion of Christensen, Floyd, Liu, and Maffett (2017) (2017, neutral): “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) .”
The role of the media in disseminating insider-trading news (2016, positive): “Our evidence complements other recent work, such as Bushee et al. (2010) and Drake et al. (2014), which shows that the business press plays an important role in how the market responds to new information but that does not distinguish between the media’s role in creating content and disseminating…”
Connecting the Dots – Bringing External Corporate Governance into the Corporate Governance Puzzle (2015, neutral): “For example, research shows that the news media can reduce information asymmetry between managers and external constituents (Bushee et al., 2010; Liu & McConnell, 2013), and in some cases the media can actually serve as a watchdog by monitoring the actions of top managers (Miller, 2006).”
The Media and Mispricing: The Role of the Business Press in the Pricing of Accounting Information (2014, positive): “5 Following Bushee et al. (2010), we make the simplifying assumption that any article that mentions a firm on day 0 or +1 of the earnings announcement period relates to the firm’s earnings.”
Capital market effects of media synthesis and dissemination: evidence from robo-journalism (2017, neutral): “Others attempt to empirically isolate synthesis or dissemination within articles using control variables (e.g., Bushee et al. 2010).”
How Important Is the Financial Media in Global Markets (2011, background): “Chan(2003) and Tetlock(2010) have shown that in the United States, reversals are concentrated on non-news days.”
New Evidence on the Role of the Media in Corporate Social Responsibility (2016, positive): “…by firms and other information intermediaries (information synthesization role) or by creating new content (investigative role) (Miller 2006; Bushee et al. 2010; Dai et al. 2015).2 Consistent with this idea, previous financial economics research finds thatmedia coverage reduces the private…”
The effect of carbon dissemination on cost of equity (2019, methodology): “This broader effect is unlike that of disclosure andhas its own capitalmarket consequences (Bushee et al., 2010).”
On Guidance and Volatility (2015, background): “…copy available at: https://ssrn.com/abstract=2377415 Finally, earnings announcements are well-defined information events that occur routinely for all firms and, as such, we have a wealth of prior research to help guide the inclusion of control variables in our analyses (Bushee et al. 2010).”