Journal ArticleDOI
Media Effects and the Active Elite Audience: A Study of Communications in the London Stock Exchange
TLDR
This article explored the impact of communications on investor behavior and trading patterns in the London Stock Exchange (LSE) and found that the audience investigated is an elite one that most actively consumes its media and is rarely observed in studies of media effects.Abstract:
This article explores the impact of communications on investor behaviour and trading patterns in the London Stock Exchange (LSE). The significance of the work is two-fold. First, for many observers, the wild trading patterns that regularly occur in stock markets suggest the presence of ‘strong’ media effects in action; a finding in conflict with mainstream audience research. Second, the audience investigated is an elite one that most ‘actively’ consumes its media and is rarely observed in studies of media effects. The research thus attempts to identify in what ways the media are implicated in stock market movements and, at the same time, how exactly this active, elite audience makes use of its media. The empirical material presented here is primarily that gained from interviews with elite fund managers at the London Stock Exchange, Europe’s largest financial centre.read more
Citations
More filters
The Effects of Mass Communication
TL;DR: The record of that seminal conference on "Popular Culture and Personal Responsibility" which the National Union of Teachers organised five years ago was looked up, to see whether much progress has been made since.
Posted Content
What are financial journalists for
TL;DR: In this article, the authors investigate the role of financial journalism from a systemic perspective, and develop the notion that financial and business journalists operate within a framework of rights and duties which institutionalize a particular ethical approach to their role.
Journal ArticleDOI
What are financial journalists for
TL;DR: In this article, the role of financial journalists in the system of corporate governance and the ways in which law and regulation recognize that role, and the extent to which this role is accepted and understood by financial journalists themselves.
References
More filters
Journal ArticleDOI
Efficient capital markets: a review of theory and empirical work*
TL;DR: Efficient Capital Markets: A Review of Theory and Empirical Work Author(s): Eugene Fama Source: The Journal of Finance, Vol. 25, No. 2, Papers and Proceedings of the Twenty-Eighth Annual Meeting of the American Finance Association New York, N.Y. December, 28-30, 1969 (May, 1970), pp. 383-417 as mentioned in this paper
Book
General Theory of Employment, Interest and Money
TL;DR: In this article, a general theory of the rate of interest was proposed, and the subjective and objective factors of the propensity to consume and the multiplier were considered, as well as the psychological and business incentives to invest.
Journal ArticleDOI
The General Theory of Employment, Interest and Money.
Journal ArticleDOI
All that Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors
Brad M. Barber,Terrance Odean +1 more
TL;DR: In this paper, the authors test and confirm the hypothesis that individual investors are net buyers of attentiongrabbing stocks, e.g., stocks in the news, stocks experiencing high abnormal trading volume, and stocks with extreme one day returns.
Journal ArticleDOI
All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors
Brad M. Barber,Terrance Odean +1 more
TL;DR: In this paper, the authors test and confirm the hypothesis that individual investors are net buyers of attentiongrabbing stocks, e.g., stocks in the news, stocks experiencing high abnormal trading volume, and stocks with extreme one-day returns.