The Corporate Governance Role of the Media : Evidence from Russia

  title={The Corporate Governance Role of the Media : Evidence from Russia},
  author={Andrej Dyck and Natalya Volchkova and Luigi Zingales},
We study the effect of media coverage on corporate governance by focusing on Russia in the period 1999-2002. This setting offers us three ideal conditions for such a study: plenty of corporate governance violations, no alternative mechanisms to address them, and the presence of an investment fund (the Hermitage) that actively lobbies the international press to shame companies perpetrating those violations. We find that Hermitage’s lobbying is effective in increasing the coverage of corporate… CONTINUE READING
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