Does a Firm's Silence Drive Media Attention Away?

50 Pages Posted: 8 Apr 2021 Last revised: 17 Mar 2023

See all articles by Sasan Mansouri

Sasan Mansouri

Goethe University Frankfurt - Department of Finance

Date Written: April 8, 2022


This study examines the relationship between firms' willingness to share value-relevant information and media coverage. Results indicate that firms reluctant to provide such information receive less coverage, particularly from professional business media. A poor information environment limits media's ability to generate new information but not dissemination of existing information. These findings challenge the idea that audience demand dictates media coverage, emphasizing supply-side factors and revealing complex dynamics between firms and media in shaping the information environment.

Keywords: non-answers; conference calls; media coverage; non-professional business media

JEL Classification: D82, G14, G30

Suggested Citation

Mansouri, Sasan, Does a Firm's Silence Drive Media Attention Away? (April 8, 2022). Proceedings of the EUROFIDAI-ESSEC Paris December Finance Meeting 2022, Available at SSRN: or

Sasan Mansouri (Contact Author)

Goethe University Frankfurt - Department of Finance ( email )

Theodor-W.-Adorno-Platz 3
Frankfurt am Main, 60323
+49(0)6979833727 (Phone)


Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
PlumX Metrics