We study the effect of corporate culture on the outcomes of large merger and acquisition (M&A) deals. Using a measure of cultural orientation developed in Organization Behavior, we quantify corporate culture by assessing corporate documents using a text analysis approach. We use this...

Stock market prices reflect information on firms' business environments, operations and, in general, firms' fundamentals. Recently, various studies analyze the link between news coverage and stock prices showing that mass media has a significant impact on financial markets. This paper analyze...