389
Views
6
CrossRef citations to date
0
Altmetric
Original Articles

The Impact of Corporate Media News on Market Valuation

, &
Pages 90-110 | Published online: 04 Jun 2010

REFERENCES

  • Agrawal , J. and Kamakura , W. 1995 . The economic worth of celebrity endorsers: An even study analysis. . Journal of Marketing , 59 : 56 – 62 .
  • Anand , B. and Khanna , T. 2000 . Do firms learn to create value? The case of alliances. . Strategic Management Journal , 21 : 295 – 315 .
  • Bayona , C. , Corredor , P. and Santamaría , R. 2004 . Collaborative culture and stock market reaction to alliance announcements. The Spanish evidence. . Management Research , 2 : 25 – 48 .
  • Bayona , C. , Corredor , P. and Santamaría , R. 2006 . Technological alliances and the market valuation of new economy firms. . Technovation , 26 : 369 – 383 .
  • Blattberg , R. C. and Neslin , S. A. 1990 . Sales promotion concepts, methods and strategies Englewood Cliffs, NJ : Prentice Hall .
  • Bonnier , K. A. and Bruner , R. F. 1989 . An analysis of stock price reaction to management change in distressed firms. . Journal of Accounting and Economics , 11 : 95 – 106 .
  • Bowen , R. M. , Davis , A. K. and Matsumoto , D. A. 2005 . Emphasis on pro forma versus GAAP earnings in quarterly press releases: Determinants, SEC intervention and market reactions. . Accounting Review , 80 : 1011 – 1038 .
  • Chaney , P. K. , Devinney , T. M. and Winer , R. S. 1991 . The impact of new product introductions on the market value of firms. . Journal of Business , 64 : 573 – 610 .
  • Chung , I. Y. , Koford , K. J. and Lee , I. 1993 . Stock market views of corporate multinationalism: Some evidence from announcements of international joint ventures. . Quarterly Review of Economics and Finance , 33 : 275 – 293 .
  • Cohen , J. 1960 . A coefficient of agreement for nominal scales. . Educational and Psychological Measurement , 20 : 37 – 46 .
  • De Bond , W. F. M. and Thaler , R. H. 1985 . Does the stock market overreact. . Journal of Finance , 40 : 793 – 805 .
  • Debreceny , R. S. and Rahman , A. 2005 . Firm-specific determinants of continuous corporate disclosures. . International Journal of Accounting , 40 : 249 – 278 .
  • Deller , D. , Stubenrath , M. and Weber , C. 1999 . A survey on the use of the Internet for investor relations in the USA, the UK and Germany. . European Accounting Review , 8 : 351 – 364 .
  • European Commission. 2005 . The ICT activity index 2005 Brussels : DG Enterprise and Industry/MAM, AEL D .
  • Fama , E. and French , K. 1993 . Common risk factors in the returns on stocks and bonds. . Journal of Financial Economics , 33 : 3 – 56 .
  • Fornell , C. , Mithas , S. , Morgeson , F. III and Krishnan , M. S. 2006 . Customer satisfaction and stock prices: High returns low risk. . Journal of Marketing , 70 : 3 – 14 .
  • Francis , J. , Schipper , K. and Vincent , L. 2002 . Expanded disclosures and the increased usefulness of earnings announcements. . Accounting Review , 77 : 515 – 546 .
  • Gray , R. , Owen , D. and Adams , C. 1996 . Accounting and accountability. Changes and challenges in corporate, social and environmental reporting London : Prentice Hall .
  • Grover , V. and Vaswani , P. 2000 . The U.S. telecommunications industry: Is there structure in the chaos? . Communications of the ACM , 43 ( 2 ) : 80 – 89 .
  • Gunthorpe , D. L. 1997 . A quantitative analysis of the impact of unethical behaviour by publicly traded corporations. . Journal of Business Ethics , 16 : 537 – 543 .
  • Gupta , S. , Lehmann , D. R. and Stuart , J. A. 2004 . Valuing customers. . Journal of Marketing Research , 41 : 7 – 18 .
  • Hamilton , S. , Jo , H. and Statman , M. 1993 . Doing well while doing good? The investment performance of socially responsible mutual funds. . Financial Analysts Journal , 49 : 62 – 66 .
  • Hand , J. R. 2001 . The role of book income Web traffic and supply and demand in the pricing of U.S. Internet stocks. . European Finance Review , 5 : 295 – 317 .
  • Hendricks , K. B. and Singhal , V. R. 1996 . Quality awards and the market value of the firm: An empirical investigation. . Management Science , 42 : 415 – 436 .
  • Hitt , M. A. , Hoskisson , R. E. , Ireland , R. D. and Harrison , J. S. 1991 . Are acquisitions a poison pill for innovation? . Academy of Management Executive , 5 : 22 – 34 .
  • Hymer , S. H. 1976 . The international operations of multinationals firms: A study of direct foreign investment Cambridge, MA : MIT Press .
  • Ittner , C. D. and Larcker , D. F. 1998 . Are non-financial measures leading indicators of financial performance? An analysis of customer satisfaction. . Journal of Accounting Research , 36 : 1 – 46 . (Suppl. 1998)
  • Jain , P. C. 1985 . The effect of voluntary sell-off announcements on shareholder wealth. . Journal of Finance , 40 : 209 – 224 .
  • Jegadeesh , N. and Titman , S. 1993 . Returns to buying winners and selling losers: Implications for stock market efficiency. . Journal of Finance , 48 : 65 – 92 .
  • Keating , E. , Lys , T. and Magee , R. 2003 . The Internet downturn: Finding valuation factors in spring 2000. . Journal of Accounting and Economics , 34 : 189 – 236 .
  • Khanna , N. and Poulsen , A. B. 1995 . Managers of financially distressed firms: Villains or scapegoats? . Journal of Finance , 50 : 919 – 940 .
  • Kreander , N. , Gray , R. , Power , D. and Sinclair , C. 2005 . Evaluating the performance of ethical and non-ethical funds: A matched pair analysis. . Journal of Business Finance & Accounting , 32 : 1465 – 1493 .
  • Lodhia , S. 2005 . Legitimacy motives for World Wide Web (WWW) environmental reporting: An exploratory study into present practices in the Australian minerals industry. . Journal of Accounting and Finance , 4 : 1 – 15 .
  • Luther , R. G. , Matatko , J. and Corner , D. 1992 . The investment performance of UK ethical unit trusts. . Accounting Auditing and Accountability Journal , 5 ( 4 ) : 57 – 70 .
  • Lymer , A. and Tallberg , A. April 1997 . Corporate reporting and the Internet: A survey and commentary on the use of the WWW in corporate reporting in the UK and Finland April , Paper presented at the 20th annual congress of the European Accounting Association, Graz, Austria
  • Mathur , L. K. and Mathur , I. 1995 . The effect of advertising slogan changes on the market values of firms. . Journal of Advertising Research , 1 : 59 – 65 .
  • Miller , G. S. 2002 . Earnings performance and discretionary disclosure. . Journal of Accounting Research , 40 : 173 – 204 .
  • Rajgopal , S. , Kotha , S. and Venkatachalam , M. 2002 . Managerial actions stock returns and earnings: The case of business-to-business Internet firms. . Journal of Accounting Research , 40 : 529 – 556 .
  • Reilly , F. K. , McGann , A. F. and Marquardt , R. A. 1977 . Advertising decisions and stockholders' wealth. . Journal of Advertising Research , 17 ( 4 ) : 49 – 56 .
  • Shapiro , A. 1989 . Multinational financial management, , 3rd ed. Boston : Allyn & Bacon .
  • Smith , R. E. and Wright , W. F. 2004 . Determinants of customer loyalty and financial performance. . Journal of Management Accounting Research , 16 : 183 – 205 .
  • Sullivan , D. 1994 . Measuring the degree of internationalization of a firm. . Journal of International Business Studies , 25 : 325 – 342 .
  • Telecommunications Act. 1996 . 47 USCA § 151 (West Suppl. 1997)
  • Terziovski , M. , Samson , D. and Dow , D. 1997 . The business value of quality management systems certification. Evidence from Australia and New Zealand. . Journal of Operations Management , 15 : 1 – 18 .
  • Trueman , B. , Wong , M. H. F. and Zhang , X. Z. 2003 . Anomalous stock returns around Internet firms' earnings announcements. . Journal of Accounting and Economics , 34 : 249 – 271 .
  • Warner , J. B. , Watts , R. L. and Wruck , K. H. 1988 . Stock prices and top management changes. . Journal of Financial Economics , 20 : 461 – 492 .
  • Yong-Cheol , K. 1997 . Stock price reaction to international investment and divestiture and management of currency operating exposure. . Journal of Economics and Business , 49 : 419 – 437 .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.