Media Coverage and the Cross-Section of Stock Returns
By Lily H. Fang, Joel Peress. 2008
1,761 citations recorded by the source corpus.
Subfields: Accounting, Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/eb06009141e706f9004d89c4e1d75cc4d6b24e4d
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
- D. Sosyura
- Camila C. Pereira
- Haithem Nagati
- Mehdi Nekhili
- Tawhid Chtioui
- Heiko Jacobs
- Zhi Da
- Azi Ben-Rephael
In Economics and Econometrics
- Heiko Jacobs
- D. Sosyura
- P. Kelly
- Turan G. Bali
- John M. Griffin
- Nicholas Hirschey
- Shiyang Huang
- Yulin Huang
In Finance
- D. Sosyura
- Camila C. Pereira
- Heiko Jacobs
- Zhi Da
- Turan G. Bali
- P. Kelly
- Azi Ben-Rephael
- Ryan D. Israelsen
Citations in the corpus
- Retail investor attention and stock price crash risk: Evidence from China (2019, background): “(Gervais et al. (2001), Peng and Xiong (2006), and Barber and Odean (2008)).”
- The Cross-Section of Expected Stock Returns: What Have We Learnt from the Past Twenty-Five Years of Research? (2010, neutral): “Fang and Peress (2009) document that stocks with low media coverage earn higher expected returns than stocks with high coverage, suggesting a risk premium for 'neglected stocks'.”
- Media Content and Stock Returns: The Predictive Power of Press (2015, background): “amount of news media coverage reduces firms’ expected returns (Fang and Peress, 2009; Peress, 2014)”
- In Search of Attention (2009, neutral): “Within each group, we then sort the stocks further into 5 portfolios based on their returns during the week.”
- Big data in finance and the growth of large firms (2018, background): “The strong link between information and the cost of capital is supported empirically by Fang and Peress (2009), who find that media coverage lowers the expected return on stocks that are more widely covered.”
- Does the media spotlight burn or spur innovation? (2020, positive): “evidence in linking media coverage with financing and transaction costs (Fang and Peress, 2009; Bushee, Core, Guay, and Hamm, 2010; Blankespoor, Miller, and White, 2014).”
- Investor Attention and Stock Returns (2020, neutral): “…Hsu, and Li (2013)); changes in advertising expenses (Lou (2014)); mutual fund inflow and outflow; media coverage (Barber and Odean (2008) and Fang and Peress (2009)); search traffic on the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system (Lee, Ma, and Wang (2015), Drake,…”
- Media Makes Momentum (2014, methodology): “For the baseline examination, we follow Fang and Peress (2009) and focus on the four major U.S. newspapers with weekday circulation: New York Times (NYT), USA Today (USAT), Wall Street Journal (WSJ), and Washington Post (WP).”
- Does Media Coverage of Stocks Affect Mutual Funds' Trading and Performance? (2014, neutral): “Fang and Peress (2009) argue that the coverage in these four papers is likely to be representative of most of the coverage of the corporate sector.”
- Who Writes the News? Corporate Press Releases During Merger Negotiations (2014, neutral): “Recent research documents a significant relation between media coverage and stock returns (Tetlock, 2007; Fang and Peress, 2009; Liu, Sherman, and Zhang, 2009).”
- Winners in the Spotlight: Media Coverage of Fund Holdings as a Driver of Flows (2014, background): “Consistent with this view, media coverage has been associated with a quicker incorporation of information into stock prices (DellaVigna and Pollet, 2009), a lower cost of capital (Fang and Peress, 2009), and lower information asymmetry between investors and firms (Tetlock, 2010).”