Original scientific paper
https://doi.org/10.1080/1331677X.2021.1965003
WHY MEDIA SLANT? Media coverage of mergers and acquisitions in China
Chao Wu
Shuai Yang
Abstract
Using a text analysis of Chinese newspaper articles covering 1321
proposed mergers during 2008–2018, this study proposes attribution theory to examine how the media is susceptible to stereotype
bias. Evidence reveals that the media pays considerable attention
to and exhibits favourable sentiments toward overseas-experienced acquirers, which is found only in non-state-owned enterprises. Further analyses on the amplifying effect of stereotype bias
show that the media slant more positively on large-scale overseas
experiences. Results indicate that the media is biased, referring to
impression migration from merger and acquisition experience.
Keywords
Media bias; mergers and acquisitions; overseas experience; corporate governance
Hrčak ID:
302048
URI
Publication date:
31.3.2023.
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