The Role of Media Coverage in Corporate China

We find that Chinese media can still play monitoring role in listed companies although the media is highly controlled by the government. Firms with more media coverage tend to use more effective pay-for-performance compensation packages and are more likely to introduce independent directors and hire...

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Main Authors:	WANG, Jiwei, YE, Kangtao
Format:	text
Language:	English
Published:	Institutional Knowledge at Singapore Management University 2012
Subjects:	Accounting Asian Studies
Online Access:	https://ink.library.smu.edu.sg/soa_research/896 http://aaahq.org/AM2012/abstract.cfm?submissionID=1144
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Institution:	Singapore Management University
Language:	English

id	sg-smu-ink.soa_research-1895
record_format	dspace
spelling	sg-smu-ink.soa_research-18952012-10-03T03:54:03Z The Role of Media Coverage in Corporate China WANG, Jiwei YE, Kangtao We find that Chinese media can still play monitoring role in listed companies although the media is highly controlled by the government. Firms with more media coverage tend to use more effective pay-for-performance compensation packages and are more likely to introduce independent directors and hire good quality auditors. We also document that media coverage can help to prevent the occurrence of financial fraud and firms with more media coverage have higher valuation. Our study complements the emerging literature on the monitoring role of media. Our results also give policy implications to Chinese government and other developing markets. 2012-08-01T07:00:00Z text https://ink.library.smu.edu.sg/soa_research/896 http://aaahq.org/AM2012/abstract.cfm?submissionID=1144 Research Collection School Of Accountancy eng Institutional Knowledge at Singapore Management University Accounting Asian Studies
institution	Singapore Management University
building	SMU Libraries
continent	Asia
country	Singapore Singapore
content_provider	SMU Libraries
collection	InK@SMU
language	English
topic	Accounting Asian Studies
spellingShingle	Accounting Asian Studies WANG, Jiwei YE, Kangtao The Role of Media Coverage in Corporate China
description	We find that Chinese media can still play monitoring role in listed companies although the media is highly controlled by the government. Firms with more media coverage tend to use more effective pay-for-performance compensation packages and are more likely to introduce independent directors and hire good quality auditors. We also document that media coverage can help to prevent the occurrence of financial fraud and firms with more media coverage have higher valuation. Our study complements the emerging literature on the monitoring role of media. Our results also give policy implications to Chinese government and other developing markets.
format	text
author	WANG, Jiwei YE, Kangtao
author_facet	WANG, Jiwei YE, Kangtao
author_sort	WANG, Jiwei
title	The Role of Media Coverage in Corporate China
title_short	The Role of Media Coverage in Corporate China
title_full	The Role of Media Coverage in Corporate China
title_fullStr	The Role of Media Coverage in Corporate China
title_full_unstemmed	The Role of Media Coverage in Corporate China
title_sort	role of media coverage in corporate china
publisher	Institutional Knowledge at Singapore Management University
publishDate	2012
url	https://ink.library.smu.edu.sg/soa_research/896 http://aaahq.org/AM2012/abstract.cfm?submissionID=1144
_version_	1770571317424160768

The Role of Media Coverage in Corporate China

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