Corporate social responsibility and media coverage

REMEMBERING: A STUDY IN EXPERIMENTAL AND SOCIAL PSYCHOLOGY

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Investor Sentiment and the Cross‐Section of Stock Returns

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A Simple Model of Capital Market Equilibrium with Incomplete Information

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WHAT'S IN A NAME? REPUTATION BUILDING AND CORPORATE STRATEGY.

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Voluntary Nonfinancial Disclosure and the Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting

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Corporate social responsibility and access to finance

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Does corporate social responsibility affect the cost of capital?

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The Estimation of Economic Relationships using Instrumental Variables

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The price of sin: The effects of social norms on markets

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More Than Words: Quantifying Language to Measure Firms' Fundamentals

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The impact of corporate social responsibility on the cost of bank loans

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Is Earnings Quality Associated with Corporate Social Responsibility?

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Toward an Implied Cost of Capital

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Media Coverage and the Cross‐section of Stock Returns

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Nonfinancial Disclosure and Analyst Forecast Accuracy: International Evidence on Corporate Social Responsibility Disclosure

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Corporate goodness and shareholder wealth

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PE Ratios, PEG Ratios, and Estimating the Implied Expected Rate of Return on Equity Capital

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Earnings management and the underperformance of seasoned equity offerings11We thank Brad Barber (the referee), Randy Beatty, Vic Bernard, K.C. Chan, Kent Daniel, M. DeFond, Laura Field, David Heike, Chuan Yang Hwang, Jonathan Karpoff, S.P. Kothari, Charles Lee, Wayne Mikkelson (the editor), Tim Opler, Krishna Palepu, K. Ramesh, Jay Ritter, Terry Shevlin, Doug Skinner, Sheridan Titman, Ross Watts, Jerry Zimmerman, and seminar participants at the University of California Finance and Accounting Conference (Davis, March 1995), the NBER Corporate Finance Conference (Boston, August 1995), the Center for Research in Security Prices Seminar (Chicago, October 1995), the American Finance Association Conference (San Francisco, 1996), the American Accounting Association Conference (Chicago, August 1996), the University of Michigan, and the University of Rochester for helpful comments and discussions.

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Equity Premia as Low as Three Percent? Evidence from Analysts' Earnings Forecasts for Domestic and International Stock Markets

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Corporate social responsibility and stakeholder value maximization: Evidence from mergers

Deng, X., Kang, J., & Low, B. S. (2013) · Journal of Financial Economics · doi:10.1016/j.jfineco.2013.04.014 · Cited by 1,639

Irrational Exuberance

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Are Red or Blue Companies More Likely to Go Green? Politics and Corporate Social Responsibility

Giuli, A. D., & Kostovetsky, L. (2012) · Journal of Financial Economics · doi:10.1016/j.jfineco.2013.10.002 · Cited by 1,541

Expected EPS and EPS Growth as Determinantsof Value

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Does it Pay to Be Good...And Does it Matter? A Meta-Analysis of the Relationship between Corporate Social and Financial PerformancePreprint

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Corporate social responsibility and stock price crash risk

Kim, Y., Li, H., & Li, S. (2014) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2014.02.013 · Cited by 1,469

Testing Identifiability and Specification in Instrumental Variable Models

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Market liquidity as a sentiment indicator

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The Market for News

Mullainathan, S., & Shleifer, A. (2005) · American Economic Review · doi:10.1257/0002828054825619 · Cited by 1,236

The Causal Impact of Media in Financial Markets

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The Role of the Business Press as an Information Intermediary

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The Effect of Disclosures by Management, Analysts, and Business Press on Cost of Capital, Return Volatility, and Analyst Forecasts: A Study Using Content Analysis

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Communication Theories: Origins, Methods, and Uses in the Mass Media

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Signaling through corporate accountability reporting

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Voluntary Disclosure and Equity Offerings: Reducing Information Asymmetry or Hyping the Stock?*

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Varieties of Confirmation Bias

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Processing the News: How People Tame the Information Tide.

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Don't Believe the Hype: Local Media Slant, Local Advertising, and Firm Value

Gurun, U. G., & Butler, A. W. (2012) · The Journal of Finance · doi:10.1111/j.1540-6261.2012.01725.x · Cited by 597

Social Mood and Financial Economics

Nofsinger, J. R. (2005) · Journal of Behavioral Finance · doi:10.1207/s15427579jpfm0603_4 · Cited by 583

Journalists and the Stock Market

Dougal, C., Engelberg, J., Garcı́a, D., & Parsons, C. A. (2011) · Review of Financial Studies · doi:10.1093/rfs/hhr133 · Cited by 474

Who Writes the News? Corporate Press Releases during Merger Negotiations

Ahern, K. R., & Sosyura, D. (2013) · The Journal of Finance · doi:10.1111/jofi.12109 · Cited by 465

Investor Sentiment and Stock Market Response to Earnings News

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Commitment to social good and insider trading

Gao, F., Lisic, L. L., & Zhang, I. X. (2014) · Journal of Accounting and Economics · doi:10.1016/j.jacceco.2014.03.001 · Cited by 375

Selective Publicity and Stock Prices

Solomon, D. H. (2012) · The Journal of Finance · doi:10.1111/j.1540-6261.2012.01726.x · Cited by 358

Investor Sentiment and Corporate Disclosure

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Processing the News: How People Tame the Information Tide

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When Is Bad News Really Bad News?

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Voluntary Disclosure and Information Asymmetry: Evidence from the 2005 Securities Offering Reform

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How Important Is the Financial Media in Global Markets?

Griffin, J. M., Hirschey, N., & Kelly, P. J. (2011) · Review of Financial Studies · doi:10.1093/rfs/hhr099 · Cited by 259

Dividend Taxes and Implied Cost of Equity Capital

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Pricing of Seasoned Equity Offers and Earnings Management

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Corporate Goodness and Shareholder WealthPreprint

Krueger, P. (2013) · SSRN Electronic Journal · doi:10.2139/ssrn.2287089 · Cited by 104

Corporate social responsibility and earnings forecasting unbiasedness

Becchetti, L., Ciciretti, R., & Giovannelli, A. (2013) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2013.05.026 · Cited by 95

Press freedom, externally-generated transparency, and stock price informativeness: International evidence

Kim, J., Zhang, H., Li, L., & Tian, G. (2014) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2014.05.023 · Cited by 85

Options Trading and the Cost of Equity Capital

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The Determinants of Coverage in the Business PressPreprint

Solomon, D. H., & Soltes, E. F. (2011) · SSRN Electronic Journal · doi:10.2139/ssrn.1918138 · Cited by 24

News articles and momentum

Sinha, N. R., Li, W., Loewenstein, M. A., Moon, K., Obizhaeva, A. A., Singhai, M., Sinha, E. N., Tetlock, P. C., Viswanathan, V., & Wermers, R. R. (2010) · Cited by 10

Mandatory CSR and sustainability reporting: economic analysis and literature review

Christensen, H. B., Hail, L., & Leuz, C. (2021) · Review of Accounting Studies · doi:10.1007/s11142-021-09609-5 · Cited by 1,923

Do Investors Value Sustainability? A Natural Experiment Examining Ranking and Fund Flows

HARTZMARK, S. M., & SUSSMAN, A. B. (2019) · The Journal of Finance · doi:10.1111/jofi.12841 · Cited by 1,711

ESG performance and firm value: The moderating role of disclosure

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Environmental, Social and Governance (ESG) Scores and Financial Performance of Multilatinas: Moderating Effects of Geographic International Diversification and Financial Slack

Grisales, E. A. D., & Aguilera‐Caracuel, J. (2019) · Journal of Business Ethics · doi:10.1007/s10551-019-04177-w · Cited by 1,417

Does corporate social responsibility reduce financial distress risk?

Boubaker, S., Cellier, A., Manita, R., & Saeed, A. (2020) · Economic Modelling · doi:10.1016/j.econmod.2020.05.012 · Cited by 492

Media visibility and corporate social responsibility investment evidence in Spain

Sánchez, C. B., Alemán, J. P., & Martín, D. J. S. (2022) · Business Ethics the Environment & Responsibility · doi:10.1111/beer.12488 · Cited by 15

The Ideological Imperative: Corporate Social Responsibility and News Media Coverage of Firms

Dewan, Y., Simons, T., & Wernicke, G. (2024) · Organization Science · doi:10.1287/orsc.2022.17237 · Cited by 23

Media coverage and impression management in corporate social responsibility reports

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New Evidence on the Role of the Media in Corporate Social Responsibility

Ghoul, S. E., Guedhami, O., Nash, R., & Patel, A. (2016) · Journal of Business Ethics · doi:10.1007/s10551-016-3354-9 · Cited by 228

CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE, MEDIA COVERAGE AND FINANCIAL PERFORMANCE: AN EMPIRICAL ANALYSIS IN THE CHINESE CONTEXT

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