Does regulatory punishment improve financial media’s information intermediary role?

Shanye Yang, Qianwei Ying and Jinsong Liu

Economics Letters, 2023, vol. 232, issue C

Abstract: When punished by regulators, the financial press in China becomes more conservative, publishing less critical news and weakening its corporate governance function. Our paper indicates that regulatory punishment against media impairs the financial media’s information intermediary role.

Keywords: Punishment against media; Media coverage; Information intermediary (search for similar items in EconPapers)
JEL-codes: G34 G38 L82 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:232:y:2023:i:c:s0165176523003464

DOI: 10.1016/j.econlet.2023.111321

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