Korean version is available at: 'https://ssrn.com/abstract=3035799' https://ssrn.com/abstract=3035799The argument that the news selection of Korean web portals is politically biased lacks not only objective evidence but also discourse on what the causes are. If web portals provide a sufficient...

"The argument that the news selection of Korean web portals is politically biased lacks not only objective evidence but also discourse on what the causes are. If web portals provide a sufficient amount of variety in their news contents, it may be unnecessary to regulate the average bias....

We examine how investor attention changes when a firm adopts a modern news dissemination technology. We find that after continental European firms begin using an English-language electronic wire service to disseminate company news, they exhibit a stronger initial reaction to earnings surprises,...

In the literature, central bank communication is identified via either (i) the written content of original communications or (ii) newswire reports. We examine how (i) Bank of Canada communications and (ii) media reporting on them impacts Canadian bond and stock market returns using a GARCH model...

Does investors' inattention contribute to the post-earnings announcement drift? I study this question using media coverage as a proxy for attention. I compare announcements made by the same firm in the same year and generating the same earnings surprise, when one announcement is covered in the...

I show that news editors have state-dependent preference for different types of firms. Using the New York Times data and natural language processing techniques, I estimate the loadings of media coverage on eight common features of firms and construct the corresponding editor preference. I find...