Electronic Resource

Article - The Role of Media in Financial Decision-Making Volume 69, Issue 3 1431–1467

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The financial media plays a critical role in financial markets as an information intermediary
between information sources and information users. This chapter reviews the literature on the role of the
media for financial decision-making, using a broad definition of media based on three key functions: 1)
facilitating access to information, 2) filtering information, and 3) creating new information. Though these
functions span a diverse set of organizations including search platforms, social media, and traditional
print media, a common theme emerges from the literature: the media improves financial-decision making,
on average. Markets are more efficient, investors earn higher returns, and firms have lower costs. We
also discuss the negative effects of media, including herding and overreaction, as well as suggest future
avenues of research.

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Ketersediaan

Informasi Detail

Judul Seri

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No. Panggil

332.6 AHE t

Penerbit

: Wiley-Blackwell., 2014

Deskripsi Fisik

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Bahasa

English

ISBN/ISSN

1540-6261

Klasifikasi

332.6 AHE r

Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

Volume 69, Issue 3 1431–1467

Subjek

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Info Detail Spesifik

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Pernyataan Tanggungjawab

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Versi lain/terkait

Lampiran Berkas

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