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Does regulatory punishment improve financial media’s information intermediary role?

Author

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  • Yang, Shanye
  • Ying, Qianwei
  • Liu, Jinsong

Abstract

When punished by regulators, the financial press in China becomes more conservative, publishing less critical news and weakening its corporate governance function. Our paper indicates that regulatory punishment against media impairs the financial media’s information intermediary role.

Suggested Citation

  • Yang, Shanye & Ying, Qianwei & Liu, Jinsong, 2023. "Does regulatory punishment improve financial media’s information intermediary role?," Economics Letters, Elsevier, vol. 232(C).
    • Handle: RePEc:eee:ecolet:v:232:y:2023:i:c:s0165176523003464
    DOI: 10.1016/j.econlet.2023.111321
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    More about this item

    Keywords

    Punishment against media; Media coverage; Information intermediary;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • L82 - Industrial Organization - - Industry Studies: Services - - - Entertainment; Media

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