Arbeitspapier
Media coverage and stock returns on the London Stock Exchange, 1825-70
News media plays an important role in modern financial markets. In this paper, we analyse the role played by the news media in an historical financial market. Using The Times's coverage of companies listed on the London stock market between 1825 and 1870, we examine the determinants of media coverage in this era and whether there was a media discount. Our main finding is that a media discount only manifests itself after the mid-1840s and that the introduction of arm's-length ownership along with markedly increased market participation was the main reason for the emergence of this discount.
- Sprache
-
Englisch
- Erschienen in
-
Series: QUCEH Working Paper Series ; No. 2016-02
- Klassifikation
-
Wirtschaft
Asset Pricing; Trading Volume; Bond Interest Rates
Economic History: Financial Markets and Institutions: Europe: Pre-1913
- Thema
-
media
financial press
historical stock markets
advertising
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Turner, John D.
Ye, Qing
Walker, Clive B.
- Ereignis
-
Veröffentlichung
- (wer)
-
Queen's University Centre for Economic History (QUCEH)
- (wo)
-
Belfast
- (wann)
-
2016
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Turner, John D.
- Ye, Qing
- Walker, Clive B.
- Queen's University Centre for Economic History (QUCEH)
Entstanden
- 2016
Ähnliche Objekte (12)
The cross-section of stock returns in an early stock market
Gating of water channels (aquaporins) in plants : effects of osmotic and oxidative stresses and the role of unstirred layers
Borirenes and Boriranes: Development and Perspectives
What moved share prices in the nineteenth-century London stock market?
Do independent directors play a political role? Evidence from independent directors' death events
Small Responsible Innovators and Open Innovation towards Sustainability: Networks Conditions
B2B e-commerce marketplaces and MSMES: Evidence of global value chain facilitation?
University spin-off firms' internationalization: Importance of skills
Hidden mediator roles of university spin-offs in Triple Helix networks
Establishment and cryopreservation of liver, heart and muscle cell lines derived from the Chinese alligator (Alligator sinensis)
Synthese und Reaktivität neutraler Diboraarene
Determining the survival benefit of postoperative radiotherapy in patients with pT1-3N1M0 rectal cancer undergoing total mesorectal excision: a retrospective analysis
The cross-section of stock returns in an early stock market
Gating of water channels (aquaporins) in plants : effects of osmotic and oxidative stresses and the role of unstirred layers
Borirenes and Boriranes: Development and Perspectives
What moved share prices in the nineteenth-century London stock market?
Do independent directors play a political role? Evidence from independent directors' death events
Small Responsible Innovators and Open Innovation towards Sustainability: Networks Conditions
B2B e-commerce marketplaces and MSMES: Evidence of global value chain facilitation?
University spin-off firms' internationalization: Importance of skills
Hidden mediator roles of university spin-offs in Triple Helix networks
Establishment and cryopreservation of liver, heart and muscle cell lines derived from the Chinese alligator (Alligator sinensis)
Synthese und Reaktivität neutraler Diboraarene
Determining the survival benefit of postoperative radiotherapy in patients with pT1-3N1M0 rectal cancer undergoing total mesorectal excision: a retrospective analysis
The cross-section of stock returns in an early stock market
Gating of water channels (aquaporins) in plants : effects of osmotic and oxidative stresses and the role of unstirred layers
Borirenes and Boriranes: Development and Perspectives
What moved share prices in the nineteenth-century London stock market?
Do independent directors play a political role? Evidence from independent directors' death events
Small Responsible Innovators and Open Innovation towards Sustainability: Networks Conditions
B2B e-commerce marketplaces and MSMES: Evidence of global value chain facilitation?
University spin-off firms' internationalization: Importance of skills
Hidden mediator roles of university spin-offs in Triple Helix networks
Establishment and cryopreservation of liver, heart and muscle cell lines derived from the Chinese alligator (Alligator sinensis)
Synthese und Reaktivität neutraler Diboraarene