Dang, Tung Lam; Moshirian, Fariborz; Zhang, Bohui - In: Journal of Financial Economics 116 (2015) 1, pp. 82-110
commonality varies according to a country׳s institutional environments. Using a unique global news data set across 41 countries … institutional environments than in those with stronger institutional environments. Second, news commonality is positively associated … results suggest that a country׳s institutional environments affect firm-specific information production and, more importantly …