Does Media Coverage of Stocks Affect Mutual Funds' Trading and Performance?

By Lily H. Fang, Joel Peress, Lu Zheng. 2014

184 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/be76ebe1c23d27067eceb833a26154e8897a40e6

Citations in the corpus

• Media Sentiment and IPO Underpricing (2017, unknown): “Tetlock (2007) shows how media pessimism leads to downward pressure (followed by a reversal) on market prices and high market trading volume, while Fang et al. (2014) evidence how mutual funds with a higher propensity to buy media-covered stocks exhibit a lower performance.”
• Capital market effects of media synthesis and dissemination: evidence from robo-journalism (2017, unknown): “However, price discovery could be slowed if the automated articles motivate biased buying that drives up prices or if the automated articles cause a subset of investors to overreact to the firm’s earnings news (Odean 1998; Barber and Odean 2008; Tetlock 2011; Fang et al. 2014).”
• WSJ Category Kings - the impact of media attention on consumer and mutual fund investment decisions (2017, unknown): “Finally, Fang, Peress, and Zheng (2014) consider the impact of media coverage of stocks on mutual fund trades.”