The Media and the Financial Markets : A Review

An increasing stream of literature about the role of the media in finance has been developed in recent years. The textual analysis techniques and the increased availability of data have created the possibility of going deeper into an analysis of soft information, including newspaper articles and other media-generated content. This paper aims at putting forward knowledge about the media's role in finance, leveraging on a large variety of research from the field of finance, accounting, management, and economics. The goal and the contribution of this paper are to provide a response to these queries by leveraging on existing, but often unconnected, literature