Essec\Faculty\Model\Contribution {#2233 ▼
#_index: "academ_contributions"
#_id: "2101"
#_source: array:26 [
"id" => "2101"
"slug" => "2101-news-dissemination-and-investor-attention"
"yearMonth" => "2017-05"
"year" => "2017"
"title" => "News Dissemination and Investor Attention"
"description" => "BOULLAND, R., DEGEORGE, F. et GINGLINGER, E. (2017). News Dissemination and Investor Attention. <i>Review of Finance (ex European Finance Review)</i>, 21(2), pp. 761-791. 
BOULLAND, R., DEGEORGE, F. et GINGLINGER, E. (2017). News Dissemination and Investor Attention. <i>R "
"authors" => array:3 [
0 => array:3 [
"name" => "BOULLAND Romain"
"bid" => "B00290634"
"slug" => "boulland-romain"
]
1 => array:1 [
"name" => "DEGEORGE F."
]
2 => array:1 [
"name" => "GINGLINGER E."
]
]
"ouvrage" => ""
"keywords" => array:2 [
0 => "Behavioral Asset Pricing"
1 => "Disclosure"
]
"updatedAt" => "2021-09-24 10:33:27"
"publicationUrl" => "https://academic.oup.com/rof/article/21/2/761/2670063"
"publicationInfo" => array:3 [
"pages" => "761-791"
"volume" => "21"
"number" => "2"
]
"type" => array:2 [
"fr" => "Articles"
"en" => "Journal articles"
]
"support_type" => array:2 [
"fr" => "Revue scientifique"
"en" => "Scientific journal"
]
"countries" => array:2 [
"fr" => null
"en" => null
]
"abstract" => array:2 [
"fr" => "We examine how investor attention changes when a firm adopts a modern news dissemination technology. We find that after continental European firms begin using an English-language electronic wire service to disseminate company news, they exhibit a stronger initial reaction to earnings surprises, a lower post earnings announcement stock price drift, and an increase in abnormal trading volume near earnings announcements, compared with when they disseminated their news in non-electronic format and in a continental European language. Our results hold for a sub-sample of firms for which the decision to use a wire service was likely exogenous. The effect of wire services on investor attention is due to the format of news (electronic and English-language), not to the increased speed of news transmission. We examine how investor attention changes when a firm adopts a modern news dissemination technology. "
"en" => "We examine how investor attention changes when a firm adopts a modern news dissemination technology. We find that after continental European firms begin using an English-language electronic wire service to disseminate company news, they exhibit a stronger initial reaction to earnings surprises, a lower post earnings announcement stock price drift, and an increase in abnormal trading volume near earnings announcements, compared with when they disseminated their news in non-electronic format and in a continental European language. Our results hold for a sub-sample of firms for which the decision to use a wire service was likely exogenous. The effect of wire services on investor attention is due to the format of news (electronic and English-language), not to the increased speed of news transmission. We examine how investor attention changes when a firm adopts a modern news dissemination technology. "
]
"authors_fields" => array:2 [
"fr" => "Finance"
"en" => "Finance"
]
"indexedAt" => "2025-03-31T07:21:43.000Z"
"docTitle" => "News Dissemination and Investor Attention"
"docSurtitle" => "Articles"
"authorNames" => "<a href="/cv/boulland-romain">BOULLAND Romain</a>, DEGEORGE F., GINGLINGER E."
"docDescription" => "<span class="document-property-authors">BOULLAND Romain, DEGEORGE F., GINGLINGER E.</span><br><span class="document-property-authors_fields">Finance</span> | <span class="document-property-year">2017</span> <span class="document-property-authors">BOULLAND Romain, DEGEORGE F., GINGLINGER E.</span><br><span "
"keywordList" => "<a href="#">Behavioral Asset Pricing</a>, <a href="#">Disclosure</a>"
"docPreview" => "<b>News Dissemination and Investor Attention</b><br><span>2017-05 | Articles </span>"
"docType" => "research"
"publicationLink" => "<a href="https://academic.oup.com/rof/article/21/2/761/2670063" target="_blank">News Dissemination and Investor Attention</a> <a href="https://academic.oup.com/rof/article/21/2/761/2670063" target="_blank">News Dissemination a "
]
+lang: "fr"
+"_type": "_doc"
+"_score": 9.363976
+"parent": null
}
