Wang, Heng (Emily); Zhu, Xiaoyang - In: International Journal of Managerial Finance 20 (2024) 5, pp. 1295-1319
Purpose The dissemination of misleading and false information through media can jeopardize a company’s reputation, thus posing a threat to its stock and performance. Institutional investors are known to influence capital markets. Therefore, this paper investigates whether institutional...