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

Jingyi Feng * 1
1 Xinjiang Agricultural University

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 31, 128-134
Published 10 November 2023. © 2023 The Author(s). Published by EWA Publishing
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.
Citation Jingyi Feng. The Impact of Media Monitoring on Listed Companies - Take the 3.15 Gala Exposure of Aima Technology as an Example. AEMPS (2023) Vol. 31: 128-134. DOI: 10.54254/2754-1169/31/20231521.

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
© 2023 The Author(s)
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

Copyright © 2023 EWA Publishing. Unless Otherwise Stated