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  • 2012
  • Other Unpublished Work

Managerial Control of Business Press Coverage

By: Eugene F. Soltes and David H. Solomon
  • Format:Electronic
  • | Language:English
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Abstract

The business press plays a significant role in distributing firm news to investors. We investigate the extent to which managers can influence their firm's level of coverage in newswires and newspapers. We consider three choices under managerial control: press release timing, press wire service, and ease of firm access. We find evidence that issuing press releases during the day instead of the evening increases the probability of coverage in both newspapers and newswires. Nonetheless, the largest determinants of coverage are firm and news specific factors which lie outside managerial control. We also examine how media incentives affect coverage choices. We find that newspapers, but not newswires, are more likely to cover negative news which suggests that papers cover particular business events for reasons other than informativeness.

Keywords

Announcements; Governance Controls; News; Communication Strategy; Journalism and News Industry

Citation

Soltes, Eugene F., and David H. Solomon. "Managerial Control of Business Press Coverage." October 2012.
  • SSRN

About The Author

Eugene F. Soltes

Accounting and Management
→More Publications

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    Should I Stay or Should I Go? Assessing Risk in Carlos Ghosn's International Escape

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    Is ‘Not Guilty’ the Same as ‘Innocent’? Evidence from SEC Financial Fraud Investigations

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More from the Authors
  • Should I Stay or Should I Go? Assessing Risk in Carlos Ghosn's International Escape By: Eugene F. Soltes, Grace Liu and Muneeb Ahmed
  • Is ‘Not Guilty’ the Same as ‘Innocent’? Evidence from SEC Financial Fraud Investigations By: Eugene F. Soltes and David H. Solomon
  • The Professionalization of Compliance By: Eugene F. Soltes
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