scholarly journals RELATION BETWEEN NEGATIVE TONE IN NEWS RELEASES OF WHO AND INDUSTRY RETURNS DURING THE COVID-19 PANDEMIC

2021 ◽  
Vol 10 ◽  
pp. 93-102
Author(s):  
Denada Ibrushi ◽  
Helmi Jedidi
Keyword(s):  
Bad News ◽  
Good News ◽  
Consumer Durables ◽  
News Releases ◽  
Negative Tone ◽  
The Relationship

We analyze the relationship between the negative tone in news releases issued by the WHO and industry returns during the Covid-19 pandemic. We construct our news tone measure as the ratio of negative words to the total number of words present in news releases of WHO. The news tone shows to be significantly associated with returns for the majority of industries. Bad news announced by the WHO translates into good news for consumer nondurables, telecommunications, and healthcare sectors. Negative tone in news releases of WHO is on average bad news for consumer durables, manufacturing, energy, and other industries. Our findings suggest that the news tone-return relation varies significantly throughout our Covid-19 sample. 

scholarly journals Diamonds Are Forever, Wars Are Not: Is Conflict Bad for Private Firms?

2007 ◽  
Vol 97 (5) ◽  
pp. 1978-1993 ◽  
Author(s):  
Massimo Guidolin ◽  
Eliana La Ferrara
Keyword(s):  
Event Study ◽  
Bargaining Power ◽  
Abnormal Returns ◽  
Bad News ◽  
Good News ◽  
Entry Barriers ◽  
Mining Companies ◽  
Diamond Mining ◽  
Percentage Points ◽  
The Relationship

This paper studies the relationship between civil war and the value of firms in a poor, resource-abundant country using microeconomic data for Angola. We focus on diamond mining firms and conduct an event study on the sudden end of the conflict, marked by the death of the rebel movement leader in 2002. We find that the stock market perceived this event as “bad news” rather than “good news” for companies holding concessions in Angola, as their abnormal returns declined by 4 percentage points. The event had no effect on a control portfolio of otherwise similar diamond mining companies. This finding is corroborated by other events and by the adoption of alternative methodologies. We interpret our findings in light of conflict-generated entry barriers, government bargaining power, and transparency in the licensing process. (JEL D74, G32, O13, O17, Q34)

scholarly journals The Relationship between Delay in Announcing Quarterly Forecasts of Annual Earnings and the Type of Earnings News

Organizacija ◽  
2013 ◽  
Vol 46 (2) ◽  
pp. 64-71
Author(s):  
Mahdi Moradi ◽  
Mahdi Salehi ◽  
Seyyed Saeed Mehrdad Ayask
Keyword(s):  
Positive Relationship ◽  
Financial Statements ◽  
Bad News ◽  
Good News ◽  
Earnings Forecast ◽  
Financial News ◽  
Annual Earnings ◽  
First Time ◽  
The Relationship ◽  
Unique Context

The current study aims to examine the relationship between delay in the announcement of quarterly forecasts of annual earnings and the type of earnings news in a unique context. Running a multiple linear regression on data collected from Rahavard Novin software and the companies’ financial statements, is the method of this study to investigate this relationship. Consistent with the pattern of good news early, bad news late, it was found that there is a positive relationship between the bad news type and the amount of delay in announcing quarterly forecast of annual earnings; so that the firms with negative adjustments in earnings forecast (bad news), on average, have 12 more days delay in the announcement. Considering other variables showed that as coverage percentage - a sign of success - increases, the amount of delay in announcing earnings forecast decreases, but companies with losses per share, on average, have an additional delay of about 6 days. The results obtained indicate that at least, in some industries there is certain time for reporting. Finally, it became clear that in the period after the adoption of the new disclosure instruction, despite the increased deadline, the amount of delay in earnings announcement has declined by about 2 days. In this study, for the first time in Iran, one of the company’s financial news (quarterly forecasts of annual earnings), have been classified into good and bad, based on comparison with the market expectation, and the relationship between the news type and the amount of delay in announcing the news, has been examined.

scholarly journals Exercise and Atrial Fibrillation: Some Good News and Some Bad News

2018 ◽  
Vol 7 ◽  
pp. e1401
Author(s):  
Alireza Sepehri Shamloo ◽  
Arash Arya ◽  
Nikolas Dagres ◽  
Gerhard Hindricks
Keyword(s):  
Physical Activity ◽  
Atrial Fibrillation ◽  
Protective Factor ◽  
Prolonged Exercise ◽  
Bad News ◽  
Good News ◽  
Effective Factors ◽  
The Mean ◽  
The Relationship ◽  
Global Population

Atrial fibrillation (AF) is considered as the most common sustained arrhythmia in adults, whose incidence rate is on the rise due to the increase in the mean age of the global population. In recent years, many efforts have been made to identify effective factors in the incidence of AF to prevent them and thereby reduce the consequences of AF. Physical activity is one of the topics that attracted much attention in the last two decades. According to some findings, extreme and prolonged exercise itself can be considered as a risk factor for the onset of AF; however, other studies have shown that exercise can be regarded a protective factor against AF in the general population. The present study reviews the findings of studies on the relationship between AF and exercise and discusses possible mechanisms for this relationship. Additionally, we present some recommendations for researchers and physicians about exercise management in association with AF prevention. [GMJ.2018;7:e1401] 

A SELF-PRESENTATIONAL APPROACH TO TRANSMISSION OF GOOD AND BAD NEWS

2007 ◽  
Vol 35 (1) ◽  
pp. 63-78 ◽  
Author(s):  
Ahmet Uysal ◽  
Bengi Öner-Özkan
Keyword(s):  
Impression Management ◽  
Interaction Effect ◽  
Bad News ◽  
Good News ◽  
Significant Interaction Effect ◽  
Independent Variables ◽  
Management Perspective ◽  
Outcome Dependence ◽  
The Relationship ◽  
Scenario Study

People are reluctant to transmit bad news, a tendency named as the MUM effect. One explanation of this effect suggests that people do not want to construct negative impressions by being associated with bad news. In this study, transmission of good and bad news was examined from an impression management perspective. University students (N= 275) participated in a scenario study, with the valence of the news (good / bad) and outcome dependence on the recipient (high / low) as independent variables and transmission likelihood as dependent variable. Four variables, anticipated likeability, gratitude, perceived favor doing and ulterior motives, were assessed to form an ingratiation mediator. Results showed that participants were more likely to transmit good news than bad news. Also a significant interaction effect was obtained. In a high dependence condition participants were more likely to transmit good news and less likely to transmit bad news than participants in a low dependence condition. Moreover, the ingratiation construct significantly mediated the relationship investigated. In the second study (N = 74) similar findings were obtained except the interaction effect of dependence and news valence.

Do you want the good news or the bad news first?

2011 ◽  
Author(s):  
Angela Legg ◽  
Kate Sweeny
Keyword(s):  
Bad News ◽  
Good News
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