January 2016
Beginner
256 pages
9h 5m
English
Content preview from Handbook of Media Economics, vol 1B
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CHAPTER 18
The Role of Media in Finance
Paul C. Tetlock
Columbia University, New York, NY, USA
Contents
18.1. Introduction 702
18.2. Theory 703
18.3. Media as a Reflection of the Information Environment 705
18.3.1 Information Release and Market Activity 706
18.3.2 Information Content and Valuation 708
18.3.3 Attention and Valuation 711
18.4. Causal Role of Media 712
18.4.1 Case Studies 713
18.4.2 Media Impact on Volume and Volatility 713
18.4.3 Media Impact on Stock Prices 714
18.5. Corporate Finance Applications 715
18.5.1 Media and Firm Performance 715
18.5.2 Media and the Cost of Capital 716
18.6. Discussion and Directions for Future Research 716
Acknowledgments 717
References 718
Abstract
This chapter reviews and synthesizes a rapidly growing subfield that ...
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