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dc.contributor.authorYang, Zonghan
dc.contributor.authorBass, Tina
dc.contributor.authorYang, Xiaoping
dc.contributor.authorAndrikopoulos, Panagiotis
dc.contributor.authorCao, Dongmei
dc.date.accessioned2020-03-06T09:12:26Z
dc.date.available2020-03-06T09:12:26Z
dc.date.issued2020-02-22
dc.identifier.citationYang, X., Cao, D., Andrikopoulos, P., Yang, Z. and Bass, T., (2020). 'Online social networks, media supervision and investment efficiency: An empirical examination of Chinese listed firms'. Technological Forecasting and Social Change, 154, pp, 1-12.en_US
dc.identifier.issn0040-1625
dc.identifier.doi10.1016/j.techfore.2020.119969
dc.identifier.urihttp://hdl.handle.net/10545/624557
dc.description.abstractPrior literature suggests that media reports acting as external supervision improve information transparency and corporate governance leading to increased investment efficiency. This study empirically tests this hypothesis in the context of online social networks by investigating the combined effects of online social networking and media reports on investment efficiency using a sample of Chinese listed firms. Our results show that the interaction of media reports and Tobin's q ratio is negatively related to corporate investment efficiency. However, the introduction of online social networks turns this relationship from a negative to a positive and statistically significant one. The combined factors significantly increase investment efficiency in non-SOEs (State Owned Enterprises) but not in SOEs. We provide evidence that online social networking effectively mitigates the negative effect of media supervision on investment efficiency, further advancing knowledge of the link of external supervision and corporate governance.en_US
dc.description.sponsorshipNational Natural Science Foundation of Chinaen_US
dc.language.isoen_USen_US
dc.publisherElsevier BVen_US
dc.relation.urlhttps://www.sciencedirect.com/science/article/pii/S0040162519309503?via%3Dihuben_US
dc.relation.urlhttps://pureportal.coventry.ac.uk/en/publications/online-social-networks-media-supervision-and-investment-efficiencen_US
dc.rights© 2020 Elsevier Inc. All rights reserved.
dc.rights.urihttps://www.elsevier.com/tdm/userlicense/1.0/
dc.subjectManagement of Technology and Innovationen_US
dc.subjectApplied Psychologyen_US
dc.subjectBusiness and International Managementen_US
dc.subjectInvestment psychologyen_US
dc.subjectInvestment efficiencyen_US
dc.titleOnline social networks, media supervision and investment efficiency: An empirical examination of Chinese listed firmsen_US
dc.typeArticleen_US
dc.contributor.departmentZhejiang Yuexiu University of Foreign Languageen_US
dc.contributor.departmentCoventry Universityen_US
dc.contributor.departmentUniversity of Shanghai for Technology and Scienceen_US
dc.contributor.departmentUniversity of Derbyen_US
dc.identifier.journalTechnological Forecasting and Social Changeen_US
dc.identifier.piiS0040162519309503
dc.source.journaltitleTechnological Forecasting and Social Change
dc.source.volume154
dc.source.beginpage119969
dcterms.dateAccepted2020-02-17
dc.author.detail786971en_US


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