Benefits of Publicity

Umit G. Gurun ()
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Umit G. Gurun: University of Texas at Dallas, USA

Quarterly Journal of Finance (QJF), 2020, vol. 10, issue 04, 1-39

Abstract: We investigate whether corporate board members with media expertise influence firms’ media coverage and media slant. We find that firms with a media professional on the board of directors receive more media coverage, and articles written about them include fewer negative words compared with articles on control firms. These findings highlight the importance of the composition of the board of directors as a determinant of information disclosure mechanism.

Keywords: Media; press release; investor relations; corporate board composition (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (5)

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DOI: 10.1142/S2010139220500160

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