Essec\Faculty\Model\Contribution {#2233
  #_index: "academ_contributions"
  #_id: "2101"
  #_source: array:26 [
    "id" => "2101"
    "slug" => "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."
    "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."
      "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."
    ]
    "authors_fields" => array:2 [
      "fr" => "Finance"
      "en" => "Finance"
    ]
    "indexedAt" => "2024-12-22T02:21:49.000Z"
    "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>"
    "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>"
  ]
  +lang: "fr"
  +"_type": "_doc"
  +"_score": 8.494538
  +"parent": null
}