Kim, Jeong-bon; Yu, Zhongbo; Zhang, Hao - In: China journal of accounting research : CJAR 9 (2016) 2, pp. 83-114
The media in China has undergone extensive commercialization to become more market-driven over the last 35 years. Based on a sample of over two million newspaper articles, this study investigates whether the media in China has an incremental impact on stock price efficiency. We find that: as...