2010 Fiscal Year Final Research Report
An empirical research on the effect of mass media on stock market
| Project/Area Number |
20730213
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Single-year Grants |
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| Research Field |
Public finance/Monetary economics
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| Research Institution | Nagasaki University |
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Principal Investigator |
AMAN Hiroyuki Nagasaki University, 経済学部, 准教授 (70346906)
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| Project Period (FY) |
2008 – 2010
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| Keywords | ファイナンス |
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| Research Abstract |
In this study, I empirically examined that the frequency and concentration of media coverage on newspapers prompt the extremely large fall of stock price (crash). This evidence shows that the intermediation of information via mass media is likely to enhance the rapid reflection of corporate information over short interval. The research was presented as "An Empirical Analysis of the Effect of Media Coverage on Stock Price Crashes : Evidence from Japan" in domestic and international conferences.
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