The Impact of Corporate Governance Press News on Stock Market Returns

  title={The Impact of Corporate Governance Press News on Stock Market Returns},
  author={Alessandro Carretta and Vincenzo Farina and Duccio Martelli and Franco Fiordelisi and Paola Schwizer},
  journal={Corporate Governance \& Finance eJournal},
Stock market prices reflect information regarding firms business environments, operations and, in general, their fundamentals. Recently, various studies have analysed the link between news coverage and stock prices but no evidence exists on how channels and ways of communication of information affect investors behaviour. We analyses these aspects focussing on a large sample of corporate governance news published between 2003 and 2007 in Il Sole 24 Ore, Italy's major financial newspaper. We show… 

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