This paper investigates the dynamic linkages between portfolio flows and various news indices (based on both "positive" and "negative" news headlines collected from Bloomberg), whilst also controlling for a comprehensive set of push and pull factors. The monthly panel examined comprises 49...

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...

Existing research establishes a strong association between patterns of media ownership and economic development on the one hand, and the importance of media-provided information in holding politicians accountable on the other. However, a 'black box' remains surrounding the precise nature of the...

This Comment is submitted to the Infocommunications Media Development Authority (IMDA) for consideration in relation to its Convergence of Competition Code for the Media and Telecommunications Markets. Specifically, we address Part XII: Competition in a Digital Economy, where the IMDA engages in...

Mass media play a crucial role in information distribution and in the political market and public policy making. Theory predicts that information provided by the mass media reflects the media's incentives to provide news to different groups in society and affects these groups' influence in...

Freedom of expression in general, and media development in particular, are core to UNESCO's constitutional mandate to advance ‘the mutual knowledge and understanding of peoples, through all means of mass communication' and promoting ‘the free flow of ideas by word and image.' For UNESCO,...