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Stock Price Reactions to Public TV Programs on Listed Japanese Companies

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Author Info
Fumiko Takeda () (University of Tokyo)
Hiroaki Yamazaki () (University of Tokyo)
Abstract

This paper investigates stock price reactions to Japanfs popular TV program gProject X,h which was broadcast on NHK between 2000 and 2005.@By using a standard event study methodology, we found that stock prices of these companies increased on average after the broadcast. In particular, the programs focusing on product development and marketing tended to raise stock prices.

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File URL: http://economicsbulletin.vanderbilt.edu/2006/volume13/EB-06M20002A.pdf
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Article provided by Economics Bulletin in its journal Economics Bulletin.

Volume (Year): 13 (2006)
Issue (Month): 7 ()
Pages: 1-7
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Handle: RePEc:ebl:ecbull:v:13:y:2006:i:7:p:1-7

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Related research
Keywords: Event studies Stock price reactions TV program valuation

Find related papers by JEL classification:
M2 - Business Administration and Business Economics; Marketing; Accounting - - Business Economics
L8 - Industrial Organization - - Industry Studies: Services

References listed on IDEAS
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  1. A. Craig MacKinlay, 1997. "Event Studies in Economics and Finance," Journal of Economic Literature, American Economic Association, vol. 35(1), pages 13-39, March. [Downloadable!] (restricted)
  2. Merton, Robert C, 1987. " A Simple Model of Capital Market Equilibrium with Incomplete Information," Journal of Finance, American Finance Association, vol. 42(3), pages 483-510, July. [Downloadable!] (restricted)
    Other versions:
  3. Gur Huberman, 2001. "Contagious Speculation and a Cure for Cancer: A Nonevent that Made Stock Prices Soar," Journal of Finance, American Finance Association, vol. 56(1), pages 387-396, 02. [Downloadable!] (restricted)
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