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The (mis)allocation of corporate news / by Xing Guo, Alistair Macaulay and Wenting Song.: FB3-5/2024-47E-PDF

"This paper studies how the distribution of information supply by the news media affects the macroeconomy. We document three connected facts about the media’s reporting of firm news. First, media coverage is highly concentrated, focusing particularly on the largest firms in the economy. Second, firms’ equity financing and investment increase after media coverage. Third, these equity and investment responses are largest among small, rarely covered firms"--Abstract, page ii.

Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.950416&sl=0

Publication information
Department/Agency
  • Bank of Canada, issuing body.
TitleThe (mis)allocation of corporate news / by Xing Guo, Alistair Macaulay and Wenting Song.
Series title
  • Staff working paper = Document de travail du personnel, 1701-9397 ; 2024-47
Publication typeMonograph - View Master Record
Language[English]
FormatDigital text
Electronic document
Note(s)
  • ISSN assigned to different series.
  • "Last updated: November 29, 2024."
  • Includes bibliographical references (pages 40-43).
  • Includes abstract in French.
Publishing information
  • [Ottawa] : Bank of Canada = Banque du Canada, 2024.
  • ©2024
Author / Contributor
  • Guo, Xing, author.
Description1 online resource (ii, 43, 34 pages) : graphs.
Catalogue number
  • FB3-5/2024-47E-PDF
Subject terms
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