We examine the effect of media coverage on firm innovation. Using a comprehensive dataset of corporate news coverage from 2000 to 2009, we show that there is a negative relation between media coverage and firm innovation. Our identification tests suggest that the effect of media coverage on innovation is causal. We further find supports for two economic mechanisms underlying the negative innova...

 Phase 1: Web robot searches news sites with keywords related to the upcoming election and then fetches the search results.  At this point if the site gives all the necessary information, the robot is done. If not, it proceeds to next step.  Phase 2: The robot visits popular web search sites where past news articles are already indexed, query for a new set of keywords constructed from previo...

With the resource exhaustion, bad affections of human activities and the awakening of the human rights, the corporate social responsibility became popular corporate strategy achieving sustainable development of both corporation and society. The issue of Guideline of Chinese Corporate Social Responsibility Report promotes greatly corporation to take social responsibility. This paper built the in...

Company movements often are headlines of the press, helping managers to gauge the risk factors. While most corporate analyses are based on numerical financial figures stated in corporate reports, relatively little work has been done to reveal company risk factors from news articles. In this research, we developed an integrated framework for automatic assessment of company risks from news articl...

With the rise of the Asian financial crisis in 1997 and the smash of IT bubbles in 2000, there has been an increase in the number of corporate takeovers and mergers. In light of these events, we investigate the effects of acquisition announcements on the pricing behavior of the Asian bidding and target firms using the data of mergers or acquisitions announcements from the Bloomberg Database and...

This paper examines the readability of the chairman’s narratives, as determined by the Flesch score, of a Malaysian public listed company’s corporate reports from 1962 to 2009. It partially supports earlier studies which demonstrated that corporate reports were difficult to read, and had shown very negligible decrease in difficulty over time. Net profit to sales and readability was significantl...

T he year 2002 was one of great tumult for the American corporation. As the year began, news of accounting irregularities at energy giant Enron was unfolding at a rapid pace. These revelations would ultimately lead to the demise of that firm and its auditor Arthur Andersen. But Enron was not an isolated case, as other accounting scandals soon followed at WorldCom and Global Crossing in the tele...

The problems associated with automatic analysis of news telecasts are more severe in a country like India, where there are many national and regional language channels, besides English. In this paper, we present a framework for multimodal analysis of multilingual news telecasts, which can be augmented with tools and techniques for specific news analytics tasks. Further, we focus on a set of tec...

Many scenes in recent TV programs display rich text information on the screen as Television Opaque Projectors or telops. Such telops are useful for obtaining information about the scene, or in searching for scenes using keywords. However, the quality of recognized results for telops, especially in Japanese or Chinese, is still poor even using the latest image recognition techniques. In this pap...