文章基本信息

标题：The role of the media in creating earnings informativeness: Evidence from Spain
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作者：Devora Peña-Martel ; Devora Peña-Martel ; Jerónimo Pérez-Alemán 等
期刊名称：BRQ Business Research Quarterly
印刷版ISSN：2340-9436
出版年度：2018
卷号：21
期号：3
页码：168-179
DOI：10.1016/j.brq.2018.03.004
语种：English
出版社：Elsevier
摘要：AbstractWe analyse the effect of the media on the informativeness of accounting earnings. We collected news articles on a sample of non-financial listed firms over the 1996 to 2014 period in Spain, a country characterised by the widespread presence of dominant owners. Our results indicate that disclosing information through financial media coverage in newspaper articles positively affects earnings informativeness. Moreover, results show that publishing media news reports which have a negative tone has a positive effect on the informativeness of accounting earnings. Results suggest that the media serves as an effective external corporate governance mechanism in improving the informativeness of accounting earnings within the context of Spain.
关键词：Media coverage;Media-expressed tone;Negative tone;Earnings informativeness;Dominant owners