Proceedings of the 2016 International Conference on Politics, Economics and Law (ICPEL 2016)

The Impact of Media Coverage on the Agency Costs-Evidence from Chinese Listed Manufacturing Companies

Authors
Yiyang Lin
Corresponding Author
Yiyang Lin
Available Online May 2016.
DOI
https://doi.org/10.2991/icpel-16.2016.30How to use a DOI?
Keywords
media coverage, double agency costs, manufacturing industry, media environment, location differences
Abstract
Taking manufacturing industry as an example, this paper aims to analyze the effect of media coverage on the agency costs from multiple agency cost perspective. Using the data of Chinese A-share listed companies from 2010 to 2014, this paper creatively analyzed the media environment differences and regional differences in the role of the impact of media coverage on the agency costs. Specifically, this paper used instrumental variables and got multiple regression analysis of the whole sample and two sub-samples, which were decided by the media environment and regions. It draws a conclusion that media coverage is more able to affect the agency costs in the poor media environment and in the North. Therefore, we should pay more attention to the media environment differences and location differences. Then we ought to make full use of media coverage to reduce agency costs.
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Proceedings
2016 International Conference on Politics, Economics and Law (ICPEL 2016)
Part of series
Advances in Social Science, Education and Humanities Research
Publication Date
May 2016
ISBN
978-94-6252-190-2
ISSN
2352-5398
DOI
https://doi.org/10.2991/icpel-16.2016.30How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Yiyang Lin
PY  - 2016/05
DA  - 2016/05
TI  - The Impact of Media Coverage on the Agency Costs-Evidence from Chinese Listed Manufacturing Companies
BT  - 2016 International Conference on Politics, Economics and Law (ICPEL 2016)
PB  - Atlantis Press
SP  - 126
EP  - 130
SN  - 2352-5398
UR  - https://doi.org/10.2991/icpel-16.2016.30
DO  - https://doi.org/10.2991/icpel-16.2016.30
ID  - Lin2016/05
ER  -