The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
Who Captures the Power of the Pen?
Open accessAbstract
We study how government control affects the roles of the media as an information intermediary and a corporate monitor. Comparing a large sample of news articles written by state-controlled and market-oriented Chinese media, we find that articles by the market-oriented media are more critical, more accurate, more comprehensive, and timelier than those by the state-controlled media. Moreover, only articles by the market-oriented media have a significant corporate governance impact. Subsample analyses, interviews with journalists, and a survey of university students suggest that the market-oriented media’s superior effects are explained by their operating efficiency and independence. Received December 21, 2014; editorial decision January 13, 2017 by Editor Andrew Karolyi
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Cites
Instrumental Variables Regression with Weak Instruments
Staiger, D., & Stock, J. H. (1997) · Econometrica · doi:10.2307/2171753 · Cited by 7,081
Instrumental Variables Regression with Weak Instruments
Staiger, D., & Stock, J. (1994) · doi:10.3386/t0151 · Cited by 5,302
Wisdom of Crowds: The Value of Stock Opinions Transmitted Through Social Media
Chen, H., De, P., Hu, Y. (., & Hwang, B.-H. (2014) · Review of Financial Studies · doi:10.1093/rfs/hhu001 · Cited by 1,251
Cited by
Corporate Governance in China: A Survey
Jiang, F., & Kim, K. A. (2020) · Review of Finance · doi:10.1093/rof/rfaa012 · Cited by 815
Internet searching and stock price crash risk: Evidence from a quasi-natural experiment
Xu, Y., Xuan, Y., & Zheng, G. (2021) · Journal of Financial Economics · doi:10.1016/j.jfineco.2021.03.003 · Cited by 269
Metadata
- Authors
- You, J., Zhang, B., & Zhang, L.
- Venue
- The Review of Financial Studies
- Publisher
- Oxford University Press (OUP)
- Published
- 2017-07-04
- Volume
- 31
- Issue
- 1
- Pages
- 43-96
- ISSN
- 0893-9454 (ISSN-L)
- 1465-7368
- OpenAlex
- W3121498650
- Cited by
- 310
- References
- 3
- FWCI
- 40.53
- Type
- journal article
- Language
- en
- Open access
- green
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