The Role of the Media in Corporate Governance: Do the Media Influence Managers’ Decisions to Abandon Acquisition Attempts?

Author(s):  
Baixiao Liu ◽  
John J. McConnell

2008 ◽  
Vol 63 (3) ◽  
pp. 1093-1135 ◽  
Author(s):  
ALEXANDER DYCK ◽  
NATALYA VOLCHKOVA ◽  
LUIGI ZINGALES


2006 ◽  
Author(s):  
Alexander Dyck ◽  
Natalya Volchkova ◽  
Luigi Zingales


2016 ◽  
Vol 12 (2) ◽  
pp. 261-282 ◽  
Author(s):  
Peter Van Aelst ◽  
Rosa van Santen ◽  
Lotte Melenhorst ◽  
Luzia Helfer

AbstractThis study on the role of media attention for the Dutch question hour answers three questions: to what extent is media attention a source of inspiration for oral parliamentary questions? What explains the newsworthiness of these questions? And what explains the extent of media coverage for the questions posed during the question hour? To address this, we present a content analysis of oral parliamentary questions and related press coverage in five recent years. The results show first that oral questions are usually based on media attention for a topic. Concerns about media influence should however be nuanced: it is not necessarily the coverage itself, but also regularly a political statement that is the actual source of a parliamentary question. The media are thus an important “channel” for the interaction between politicians. Second, our analysis shows that oral questions do not receive media attention naturally. Several news values help to explain the amount of news coverage that questions receive. “Surfing the wave” of news attention for a topic in the days previous to the question hour seems to be the best way to generate media attention.



2017 ◽  
Vol 1 (2) ◽  
pp. 211
Author(s):  
Khomsiyatul Mukarromah

Insan kamil (the perfect human) is the most ideal concept in achieving the best quality of human being in all its dimensions. The extent of media influence on the knowledge, attitude, mental, and spiritual quality of human being is not something that needs to be debated again. Television with its capacity has the same great potential as a driving force or a barrier at the same time for the development of human quality. A growing phenomenon about the content of television in Indonesia is increasingly revealing the colors of mourning in its massive dissemination. The composition of the broadcast is full with entertainment which is ranging from the telenovela, infotainment, reality show, charity show, comedy, crime to other news are very far from the role of educating. Thus, where are broadcasting program rules that must contain 70% of the educative elements? Even an impressed classy broadcasting program such as talk show which is hosted by an “educated person” have not been off completely from the framing of the media. This paper seeks to offer a media literacy concept in response to these problems. Media literacy is an ability to access, understand, analyze, evaluate, and producing media information in a variety of contexts. This is intended so that the community can afford to be critical and creative, not merely subject to exploitation by the media but make them explore and have media skilled.



Author(s):  
Michael K. Bednar

Corporate governance scholars have long been interested in understanding the mechanisms through which firms and their leaders are held accountable for their actions. Recently, there has been increased interest in viewing the media as a type of corporate governance mechanism. Because the media makes evaluations of firms and leaders, and can broadcast information to a wide audience, it has the potential to influence the reputation of firms and firm leaders in both positive and negative ways and thereby play a role in corporate governance. The media can play a governance role and even influence firm outcomes by simply reporting about firm actions, giving stakeholders a larger voice with which to exert influence, and through independent investigation. However, despite the potential for the media to play a significant governance role, several barriers limit its effectiveness in this capacity. For example, media outlets have their own set of interests that they must strive to fulfill, and journalists often succumb to several cognitive biases that could limit their ability to successfully hold leaders accountable. While significant progress has been made in understanding the governance role of the media, future research is needed to better understand the specific conditions in which the media is effective in this role. Understanding how social media is changing the nature of journalism is just one example of the many exciting avenues for future research in this area.



2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Radwan Hussien Alkebsee ◽  
Ahsan Habib

PurposeDrawing on the premise that the media play a vital corporate governance role, this paper aims to investigate the association between media coverage and financial report restatements.Design/methodology/approachBased on a sample of Chinese listed companies over the period 2011–2015, the authors use ordinary least squares regression as well as a number of additional tests. To mitigate the endogeneity issue, the authors use a two-stage Heckman test and a propensity score matching model.FindingsThe authors document a negative and significant association between media coverage and restatements, suggesting that firms with high media coverage engage less in financial restatements. The authors further explore the moderating effects of internal control quality and state ownership on the association between media coverage and restatements. Regression results reveal that the governance role of the media is more pronounced for state-owned enterprises than for private firms. However, no significant difference in the disciplining effect of media coverage is found for firms with high, versus low, internal control quality.Originality/valueThe role of the media in corporate governance and financial reporting quality has been well documented. In emerging economies, such a role has been overlooked. As a result, the purpose of this study is to fill that void. Furthermore, prior research ignores the impacts of state ownership and the internal control environment on the media's governance role.



Author(s):  
I. J. Alexander Dyck ◽  
Luigi Zingales


10.3386/w9309 ◽  
2002 ◽  
Author(s):  
Alexander Dyck ◽  
Luigi Zingales


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