We examine the effects of negative news reporting on companies' self-assessment of their business situation. We compare survey data in the manufacturing sector in Switzerland with thousands of newspaper articles which we scan for particular keywords. Simple OLS regressions do not show a...

We examine the effects of negative economic news reporting on companies' self-assessment of their business situation. In order to measure this negativity effect, we introduce a new daily business indicator for the Swiss manufacturing sector and examine the influence of newspaper articles, which...