Media Coverage and Corporate Takeover: A Systematic Literature Review and Directions for Future Research

2 Pages Posted: 10 Feb 2022 Last revised: 7 Dec 2023

See all articles by Narmin Nahidi

Narmin Nahidi

University of Exeter; ESC Clermont Business School

Seyyed Mehdi Hosseini

University of Exeter

Elie Bouri

Lebanese American University

Date Written: December 7, 2023

Abstract

Research on media and finance has recently gained momentum due to the importance of information in the pricing process. This study systematically reviews the literature on the role of media in finance, in general, and on the relationship between media coverage and various aspects of mergers and acquisitions (M&A) and provides directions for future research. Based on the review of 58 published peer-reviewed academic papers, this study highlights the significant role of media on different aspects of takeover transaction in three phases of pre, interim and post-merger. The findings of this study suggest that there is a clear consensus in the literature on the role of media coverage and firm financial performance in the acquisition process. This study is an attempt to help researchers to understand better the relationship between media coverage and different facets of takeover transaction and suggest directions for future research.

Keywords: Mergers and acquisitions; media coverage; systematic literature review; pre-interim acquisition; post-merger

JEL Classification: G34, L82

Suggested Citation

Nahidi, Narmin and Hosseini, Seyyed Mehdi and Bouri, Elie, Media Coverage and Corporate Takeover: A Systematic Literature Review and Directions for Future Research (December 7, 2023). Available at SSRN: https://ssrn.com/abstract=3970864 or http://dx.doi.org/10.2139/ssrn.3970864

Narmin Nahidi (Contact Author)

University of Exeter ( email )

Department of Accounting and Finance
Exeter, EX4 4ST
United Kingdom

ESC Clermont Business School ( email )

4 Bd Trudaine, Clermont-Ferrand
Clermont-Ferrand, 63000
France

Seyyed Mehdi Hosseini

University of Exeter ( email )

Department of Accounting and Finance
Exeter, EX4 4ST
United Kingdom

Elie Bouri

Lebanese American University ( email )

P.O.Box 36
Chouran-Beirut 1102 2801
Byblos
Lebanon

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