Information Coordination: Does Preannouncement Media Coverage Improve Earnings Expectations?

N Xu - Contemporary Accounting Research, 2023 - Wiley Online Library
This study examines whether and how media coverage improves price discovery before
earnings announcements. Given the broad reach and timeliness of media coverage …

Is Media Really the Great Information Equalizer? The Effects of WSJ Coverage of Firm Earnings Announcements on Peer Information Asymmetry in Information …

J Xia - The Effects of WSJ Coverage of Firm Earnings …, 2021 - papers.ssrn.com
Prior research generally finds that the financial media levels the playing field among
investors by reducing information acquisition costs for unsophisticated investors. In the …

Complex Disclosures And Investor Divergence At Earnings Announcements

S Park - 2021 - repository.upenn.edu
I examine how complex prior disclosures influence investors' pricing of current period
earnings. To do so, I focus on firms' disclosure of product innovations in voluntary new …