Managers’ and Investors’ Responses to Media Exposure of Board Ineffectiveness

By Jennifer R. Joe, Henock Louis, Dahlia Robinson. Journal of Financial and Quantitative Analysis, 2009

260 citations recorded by the source corpus.

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New Evidence on the Role of the Media in Corporate Social Responsibility (2016, unknown): “…argue that the publication of violators of the Hong Kong Stock Exchange’s listing requirements is a more effective sanction than financial penalties, and Joe et al. (2009) find that firms’ inclusion in Business Week’s worst board list—based on institutional investors’ assessment of board…”
The Role of the Business Press as an Information Intermediary (2010, background): “The intuition is that information disclosures substitute for private information gathering and, therefore, lower information asymmetry.”
Media Coverage and the Cost of Debt (2019, unknown): “Past studies ﬁnd that ﬁrms with ineffective boards are pressured to take observable steps to improve their board quality following negative exposure by the media (Joe, Louis, and Robinson (2009)).”