Chih, Hsiang-Lin; Chih, Hsiang-Hsuan; Chou, Pin-Huang - In: The Service Industries Journal 30 (2008) 3, pp. 405-420
Based on a sample of banking firms listed on the Taiwan Stock Exchange, we examine the impact of corporate governance and media coverage on the market reaction to unexpected earnings announcements. This study finds that positive media reports prior to bad earnings announcements have a positive...