The Role of The Media in Corporate Governance: Evidence From Shareholder Proposals

2019 ◽  
Author(s):  
Alberta Di Giuli ◽  
Arthur Petit-Romec
Keyword(s):  
Corporate Governance ◽  
Shareholder Proposals ◽  
The Media

scholarly journals The Corporate Governance Role of the Media: Evidence from Russia

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

scholarly journals The Corporate Governance Role of the Media: Evidence from Russia

2006 ◽  
Author(s):  
Alexander Dyck ◽  
Natalya Volchkova ◽  
Luigi Zingales
Keyword(s):  
Corporate Governance ◽  
The Media

The Role of the Media in Corporate Governance

2017 ◽  
Author(s):  
Michael K. Bednar
Keyword(s):  
Corporate Governance ◽  
Cognitive Biases ◽  
Future Research ◽  
Governance Mechanism ◽  
Wide Audience ◽  
Corporate Governance Mechanism ◽  
The Media ◽  
The Many ◽  
Made In

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.

Media coverage and financial restatements: evidence from China

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Radwan Hussien Alkebsee ◽  
Ahsan Habib
Keyword(s):  
Corporate Governance ◽  
Internal Control ◽  
Media Coverage ◽  
State Ownership ◽  
Content Type ◽  
Control Quality ◽  
Significant Difference ◽  
Financial Restatements ◽  
The Media

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.

scholarly journals The Corporate Governance Role of the Media

2002 ◽  
Author(s):  
I. J. Alexander Dyck ◽  
Luigi Zingales
Keyword(s):  
Corporate Governance ◽  
The Media

scholarly journals The Corporate Governance Role of the Media

10.3386/w9309 ◽  
2002 ◽  
Author(s):  
Alexander Dyck ◽  
Luigi Zingales
Keyword(s):  
Corporate Governance ◽  
The Media

scholarly journals The Corporate Governance Role of the Media: Evidence from Russia

2006 ◽  
Author(s):  
I. J. Alexander Dyck ◽  
Natalya Volchkova ◽  
Luigi Zingales
Keyword(s):  
Corporate Governance ◽  
The Media

The role of shareholder proposals in corporate governance

2011 ◽  
Vol 17 (1) ◽  
pp. 167-188 ◽  
Author(s):  
Luc Renneboog ◽  
Peter G. Szilagyi
Keyword(s):  
Corporate Governance ◽  
Shareholder Proposals
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