Minority shareholder activism and its ex-ante monitoring role in corporate M&A decisions: Evidence from China

Y Chen, Y Liu, KJ Lin, D Luo - Pacific-Basin Finance Journal, 2024 - Elsevier
Minority shareholder protection is especially important in countries with weak institutions.
Prior studies indicate that social media facilitates minority shareholder activism by …

Serving the truth: Do directors with media background improve financial reporting quality?

J Bai, X Tang, Y Zheng - International Review of Financial Analysis, 2023 - Elsevier
This study examines whether and how independent directors with media background affect
financial reporting quality. Using a proprietary dataset of independent directors' …

Voting by mouth: Media attention and environmental governance

P Shi, L Yin, C Wu - Environmental Science and Pollution Research, 2023 - Springer
External regulation is crucial for environmental protection. This study investigates the impact
of media attention on corporate environmental governance from 2011 to 2021, using China's …

Uneasy lies the head that wears a crown: Firm network status and market response to negative rumors

MX Fan, H Wu, SX Ying, J You - Pacific-Basin Finance Journal, 2023 - Elsevier
This study investigates whether firm status in networks is a burden in the context of negative
rumors. We use a network approach to capture firms' network of affiliations through cross …

The governance effects of social media engagement on M&A outcomes: Evidence from China

W Chen, Y Liu, S Liu, Y Chen, P Zhang - Journal of International Financial …, 2024 - Elsevier
This paper examines the governance effect of minority shareholder social media
engagement on merger and acquisition (M&A) outcomes. First, using a sample of Chinese …

Do media connections help? Evidence from IPO pricing in China

C Yan, J Wang, Z Wang, KC Chan - Journal of Accounting and Public Policy, 2023 - Elsevier
This study examines how social connections between media executives and firms affect
initial public offering (IPO) pricing using manually collected Chinese data. We find media …

[HTML][HTML] The information value of M&A press releases

Y Cao, F Kiesel, H Leung - Journal of Corporate Finance, 2023 - Elsevier
How do managers comment on merger transactions? By analyzing the initial public
announcements of mergers and acquisitions (M&As) from 1995 through 2020 and extracting …

Dispersion in News Sentiment and M&As Outcomes

Y Chen, J Lu, W Ma, S Kumar, Y Shahab - Research in International …, 2024 - Elsevier
We suggest that dispersion in news sentiment, representing the dispersion in informative
M&A performance forecasts, effectively captures M&A information uncertainty, disseminates …

Friends in media: Implications of media connections for analyst forecast optimism

MM Hossain, B Mammadov, H Vakilzadeh - International Review of …, 2024 - Elsevier
We investigate the effect of corporate executives' connections with financial media on
analyst forecast optimism. Some studies document that managers use their connections to …

Analyst recommendations, acquirer's valuation, and M&A performance: evidence from China

Y Chen, J Lu, Y Shahab - Applied Economics, 2024 - Taylor & Francis
This study investigates the effects of premerger analyst recommendations on mergers and
acquisitions (M&A) announcement returns. We find that M&A announcement returns …