2 documents found, page 1 of 1
It’s not only what you say but “how” you say it: linguistic styles and ICOs suc...
Monaco, Eleonora; Onesti, Gianni; Cruz, Diogo; Rosati, PierangeloDigital technologies have created new alternative sources of entrepreneurial finance that create significant opportunities for start-ups and entrepreneurs. Among them, Initial Coin Offerings (ICOs) have attracted significant attention from the start-up community and from investors. Despite all the hype around ICOs and the growing number of new token offerings being launched on a daily basis, little is known abo...
The effect of media coverage on target firms’ trading activity and liquidity ar...
Gorman, Louise; Lynn, Theo; Monaco, Eleonora; Palumbo, Riccardo; Rosati, PierangeloThis study investigates the effect of news media coverage on trading activity in, and the liquidity of, target firms’ shares around acquisition announcements. We use the number of articles published in four of the UK's main newspapers as a proxy for media coverage. Our dataset includes 350 UK domestic acquisition deals between 1996 and 2014. The results of our analysis suggest that media coverage is positively ...