00000nam 2200000zi 4500 9.950416 CaOODSP 20250425082047 m o d f cr mn||||||||| 250424t20242024oncd ob f|0| 0 eng d CaOODSP eng rda CaOODSP eng eng fre n-cn--- FB3-5/2024-47E-PDF Guo, Xing, author. The (mis)allocation of corporate news / by Xing Guo, Alistair Macaulay and Wenting Song. [Ottawa] : Bank of Canada = Banque du Canada, 2024. ©2024 1 online resource (ii, 43, 34 pages) : graphs. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff working paper = Document de travail du personnel, 1701-9397 ; 2024-47 ISSN assigned to different series. "Last updated: November 29, 2024." Includes bibliographical references (pages 40-43). "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. Includes abstract in French. Business enterprises Press coverage Canada. Entreprises Couverture de presse Canada. Bank of Canada, issuing body. Staff working paper (Bank of Canada) 2024-47. (CaOODSP)9.806221 PDF 2.84 MB https://publications.gc.ca/collections/collection_2025/banque-bank-canada/FB3-5-2024-47-eng.pdf