Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 7th International Conference on Economic Management and Green Development
Series Vol. 31 , 10 November 2023
Open
Access | Article
The Impact of Media Monitoring on Listed Companies - Take the 3.15 Gala Exposure of Aima Technology as an Example
* Author to whom correspondence should be addressed.
Abstract
This paper mainly studies the influence of media supervision on listed companies, taking the 3.15 Gala exposing the irregular speed-up of Aima Technology as an example, and analyses the influence of media supervision on listed companies and its significance. Media supervision of listed companies is strong and can effectively monitor the behaviour and operation of listed companies. For listed companies, the negative impact of media monitoring may lead to a fall in the company's share price, and the investors are going to sell their stocks, which in turn triggers a crisis of confidence in the market. This incident is going to have a greater impact on listed companies in the short term and less impact in the medium to long term. So, the listed companies should take media monitoring seriously, maintain a good corporate image, enhance information disclosure and strengthen communication with stakeholders in order to improve the company's credibility and business value.
Keywords
media scrutiny, listed companies, governance impact, markets
References
1. Vishal P. Baloria, Jonas Heese.: The effects of media slant on firm behavior. Journal of Financial Economics 129(1), 184-202 (2018).
2. Vinegar Weihua, Li Peigong.: An empirical study of media monitoring of corporate governance. Nankai Management Review 15(01), 33-42 (2012).
3. Huang Hui.: Negative media coverage, market reaction and corporate performance. China Soft Science 8, 104- 116 (2013).
4. Li, H. T.: A Study on the Mechanism of the Role of Media Attention on Corporate Financial Performance. Contemporary Economics 24, 128- 131 (2017).
5. Zhang ZQ, Tian XM.: Media attention, reporting sentiment and the speed of recapitalization-an empirical test and mechanism analysis[J]. Enterprise Economics 474(02), 99-106 (2020).
6. Zhang, P., Xu, W.: 'Can media monitoring improve the effectiveness of internal control? --Empirical evidence from Chinese listed companies', Accounting and Economic Research 5, 88-105 (2015).
7. Zeng Wei, Liu Zhijie, Zhang Zhao.: A study on media attention, internal control effectiveness and corporate performance volatility [J]. Journal of Central South University (Social Science Edition) 22(2), 116-122 (2016).
8. Samuel B. Bonsall IV, Jeremiah Green, Karl A.: Muller III. Market uncertainty and the importance of media coverage at earnings announcements. Journal of Accounting and Economics Accounting and Economics 69(1), 101264 (2020).
9. Blankespoor, deHaan, Zhu.: March, Capital market effects of media synthesis and dissemination: evidence from robo-journalism. Rev. Account. Stud 23 (1), 1-36 (2018).
10. Xiong Yan, Li Changqing, Wei Zhihua. Media "sensation effect": transmission mechanism, economic consequences and reputation discipline - a case study based on the "bullying incident". Management World 10, 125- 140 (2011).
Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. Authors who publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See Open Access Instruction).
- Volume Title
- Proceedings of the 7th International Conference on Economic Management and Green Development
- ISBN (Print)
- 978-1-83558-083-7
- ISBN (Online)
- 978-1-83558-084-4
- Published Date
- 10 November 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/31/20231521
- Copyright
- 10 November 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited