Yu, Miao; Kyung, Hangsoo; Tsang, Albert - In: China journal of accounting research : CJAR 17 (2024) 3, pp. 1-24
) earnings surprises in earnings announcements of firms with greater media coverage is stronger (weaker). This asymmetry in the … effect of media coverage on stock price sensitivity to positive versus negative earnings surprises suggests that greater … media coverage of earnings announcements intensifies stock price reactions to positive earnings surprises but attenuates …