This study empirically investigates the relationship between the timeliness of the financial reporting and the corporate governance proxies for companies listed on the Tunisian stock exchange during 2009.It investigates the role of the corporate governance mechanisms on the timeliness of corporate financial reporting besides; it investigates the relationship between the company size, leverage, ...

C orporate governance structures in the wake of observed differences in firm ownership structures in developed markets and emerging market economies are distinct. In this paper, we examine the effect of an ownership structure of firms on the market reaction to corporate news flows in the context of emerging market economies like India. We observe the price and volume movements associ...

A prototype system for the fine-grained filtering of news items has been developed and a pilot test has been conducted. The system is based on an adaptive user model that integrates stereotypes and artificial neural networks. The stereotypes are based on newspaper sections and sub-sections, along with editor specified and user specified keywords. Eight subjects trained the system over six days ...

This study focuses on the effects of news and advertising expenditures on corporate reputation. Both advertisement expenditures and the tone (or tenor) of business news exert a positive influence on corporate reputation. In addition, advertising expenditures were found to magnify the effects of the tone of the news. In particular, moderately educated customers are susceptible to the tone of the...

Korczak, Korczak and Lasfer (2010) (hereafter KKL) examine the likelihood and amount of corporate insider (company director) trading before a news announcement about a corporate event. The novel feature of the paper is that it examines insider trading after distinguishing between good and bad subsequent news announcements. The authors construct a unique dataset of 119,179 news announcements and...

We find that on average an announcement of rising unemployment is “good news” for stocks during economic expansions and “bad news” during economic contractions. Thus stock prices usually increase on news of rising unemployment, since the economy is usually in an expansion phase. We provide an explanation for this phenomenon. Unemployment news bundles two primitive types of information relevant ...

exposes. The news, as Hamilton (2004) remarks, is an “information good,” a thing to be sold to advertisers and audiences. Although major corporate scandals get news coverage when they break, news organizations do not invest heavily in investigating private-sector actions (→ Investigative Reporting). News organizations and journalists do not so much promote corporate power as they ignore it, all...

Effects of issues in business news on corporate reputation are often assumed, but less often put to a test. To study these effects, this study combines a recent extension of agenda-setting theory—the second level of agenda setting—with issue ownership theory. A content analysis of business news is linked to a panel survey to measure corporate associations and corporate reputation. The results p...

This paper considers a new research topic within corporate governance; namely the impact of corporate governance variables on the stock market reaction to company speci…c news. This topic is important for a range of stakeholders, but especially investors, because one of the key concerns of corporations is the returns to shareholders and news (and the way it is managed) has the potential to impa...