A Multilingual Analysis of Corporate Governance News

Autor: Andy Moniz
Rok vydání: 2016
Předmět:
Zdroj: SSRN Electronic Journal.
ISSN: 1556-5068
DOI: 10.2139/ssrn.2775319
Popis: In this study, we conduct a textual analysis of media news for a sample of Chinese ADRs and compare the topics discussed by English- and Chinese-language media outlets. Our findings suggest that a large proportion of corporate governance news articles published by Chinese media outlets appear to be overlooked by the English media. Next we investigate investors’ attention to Chinese corporate governance news. Our findings are consistent with the notion that high costs associated with searching, translating and processing foreign language news creates informational frictions for foreign investors.
Databáze: OpenAIRE