Reputational risk is negatively perceived by stakeholders and economic agents, and can cause negative future effects on sustainability, corporate image and stakeholder engagement. This study analyzes and selects bad news regarding a sample of Spanish listed companies and uses it to explain abnormal returns and liquidity risk, to better understand how decisions should be taken in the future in a more innovative and sustainable way. The results indicate that there are negative reputational effects on excess returns and trading volume variations, and positive effects on volatility. Additionally, an increase in illiquidity is implied. The inclusion of bad reputational news in the model improves its goodness of fit by between 1.25% and 3%.
Resumen. Los recientes estudios de la recepción prestan especial atención a las influencias que ejercen distintos agentes de mediación en las relaciones que los menores establecen con los medios. El objetivo de este artículo es identificar estilos de mediación parental en el uso de Internet en el hogar por parte de menores escolarizados de la Comunidad de Madrid. Mediante encuesta hecha a padres de menores de entre 11 y 15 años, se ha procedido a hacer un análisis factorial con el que se han simplificado variables y un análisis de conglomerados del que se ha extraído una tipología compuesta por familias preocupadasausentes, preocupadas orientadoras, despreocupadas permisivas y despreocupadas controladoras. Esta investigación pone de manifiesto la necesidad de potenciar la educomunicación de los padres para que puedan ejercer una mediación adecuada. Palabras clave: Nuevas tecnologías; internet; mediación parental; alfabetización mediática; medios de comunicación.[en] Family mediation in the use of digital services by children in schools Abstract. Recent studies of receiving pay special attention to the influences exerted by various actors in mediating the relationships that children establish with the media. The aim of this article is to identify styles of parental mediation in the use of Internet at home by the children. From a survey of parents of children between 11 and 15 years in the region of Madrid, it has been applied, first, a factorial analysis in order to simplify variables, and second, a cluster analysis to obtain a household typology composed by concerned-absent families, concerned guiding, permissive carefree and carefree controlling. This research exposes the need to promote media education of parents in order to exercise an adequate mediation.
A part of the financial literature has attempted to explain idiosyncratic asset shocks through investor behavior in response to company news and events. As a result, there has been an increase in the development of different investor sentiment measurements. This paper analyses whether the Bloomberg investor sentiment index has a causal relationship with the abnormal returns and volume shocks of major European Union (EU) financial companies through a sample of 85 financial institutions over 4 years (2014–2018) on a daily basis. The i.i.d. shocks are obtained from a factorial asset pricing model and ARMA-GARCH-type process; then we checked whether there is both individual and joint causality between the standardized residuals. The results show that the explanatory capacity of the shocks of the firm Bloomberg sentiment index is low, although there is empirical evidence that the effects correspond more to the situation of the financial subsector (banks, real estate, financial services and insurance) than to the company itself, with which we conclude that the sentiment index analyzed reflects a sectorial effect more than individual one.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.