Ge Wu

Sep 25, 2024 | scholarship.richmond.edu | Xinjie Wang |Ge Wu |Zhiqiang Xiang |Jianyu Zhang

Air Pollution and Media Slant: Evidence from Chinese Corporate News. DOI10.1080/1540496X.2021.2013196AbstractThis paper examines the impact of air pollution on the media slant of publicly listed firms in China. Using a large panel of air quality and media data at the city level, we find that lower air quality generally leads to a more negative media slant. When the air quality falls from lightly polluted to heavily polluted, the number of negative sentences in a news article increases by about 1%.

Sep 21, 2024 | scholarship.richmond.edu | Wenbo Ma |Xinjie Wang |Yuan Wang |Ge Wu

Measuring Misleading Information in IPO Prospectuses. DOI10.1007/s11156-021-00964-7AbstractNewly public firms may provide misleading information about their business plans in their initial public offering (IPO) prospectuses. Using textual analysis, we develop a simple measure of such misleading information based on the difference between the emphasis placed on business lines in the main textual description and the corresponding information from the accounting tables.