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This study examines whether firms’ political activism induces bias in the media’s coverage of earnings announcements … to good (bad) earnings news is decreasing (increasing) in the percent of incongruent media outlets covering the earnings … announcement. In addition, trading volume and returns volatility are decreasing for good earnings news with the percent of …
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In a large-scale online experiment with U.S. Democrats, we examine how the demand for a newsletter about an economic relief plan changes when the newsletter content is fact-checked. We first document an overall muted demand for fact-checking when the newsletter features stories from an...
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