IDEAS home Printed from https://ideas.repec.org/a/bla/finmgt/v55y2026i1p67-97.html

The Spillover Effect of Media Ownership on Mainstream Media Discourse

Author

Listed:
  • Xin Yu
  • Shijun Guo
  • Robert Faff

Abstract

This article investigates the spillover effect of a firm's media ownership on reporting by unaffiliated mainstream media outlets, using a sample of Chinese publicly listed firms. We find that firms with ownership stakes in media companies receive more coverage and more positive tones from unaffiliated mainstream media outlets than other firms do. We also find evidence suggesting mechanisms for this effect: media ownership facilitates firms in building connections with unaffiliated media outlets. In addition, we find that this spillover effect of media ownership on unaffiliated media outlets is more prominent when market‐investor sentiment is more pessimistic, when firms are in “sin” industries, and when firms encounter corporate scandals. Furthermore, we document that media ownership enhances the dissemination of information disclosure and increases firm value.

Suggested Citation

  • Xin Yu & Shijun Guo & Robert Faff, 2026. "The Spillover Effect of Media Ownership on Mainstream Media Discourse," Financial Management, Financial Management Association International, vol. 55(1), pages 67-97, March.
    • Handle: RePEc:bla:finmgt:v:55:y:2026:i:1:p:67-97
    DOI: 10.1111/fima.12504
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/fima.12504
    Download Restriction: no
    File URL: https://libkey.io/10.1111/fima.12504?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:finmgt:v:55:y:2026:i:1:p:67-97. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/fmaaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.