Yu, Miao; Kyung, Hangsoo; Tsang, Albert - In: China journal of accounting research : CJAR 17 (2024) 3, pp. 1-24
In this study, we find that relative to firms with less media coverage, stock price sensitivity to positive (negative) 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...
