 Media coverage and stock liquidity: Evidence from ChinaCan Huang, Hung-Yi Huang and Kung-Cheng Ho International Review of Economics & Finance, 2024, vol. 89, issue PA, 665-682 Abstract: This study investigates the effect of media coverage on stock liquidity in the Chinese stock market. Media coverage has a significant positive effect on stock liquidity. Media coverage improves stock liquidity by improving the information environment and reducing adverse selection by investors. The positive impact of media coverage on stock liquidity weakens for firms in a more transparent information environment. The positive association is more evident in firms with more First News. Finally, the positive effect of media coverage on stock liquidity weakens when investor sentiment is high, when there are more professional investors in the stock market, and when company stocks are more attractive to investors. Overall, this study enriches relevant research on China's capital market and provides additional insights into the role of media in stock liquidity. Keywords: Media coverage; Stock liquidity; Information environment; Adverse selection; Information asymmetry (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:89:y:2024:i:pa:p:665-682 DOI: 10.1016/j.iref.2023.07.085 Access Statistics for this article International Review of Economics & Finance is currently edited by H. Beladi and C. Chen More articles in International Review of Economics & Finance from Elsevier |
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