The ownership structure is important and marks the development of a market. For media companies, the change of their corporate structure is an important achievement in the cultural systematic reform and deepens the reform in the publishing and distribution industry, which is necessary for the...

Media dissemination has an important function in facilitating price discovery. Political pressure that restricts media dissemination can hinder this function and affect investors' perceptions. We investigate the magnitude and economic consequences of China's newspaper censorship, which blocks...