Is the tone of the government-controlled media valuable for capital market? Evidence from China's new energy industry

This study examines the influence of the tone used by government-controlled media on the stock prices of new energy firms. By applying BERT, a large language model, we quantify the tone of the new-energy-related articles published by the primary government-controlled media of China. We find that the...

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Veröffentlicht in:	Energy policy 2024-01, Vol.184, p.1-19, Article 113917
Hauptverfasser:	Xu, Zhiwei, Li, Jiaqi, Hua, Xia, Ren, Pengyue
Format:	Artikel
Sprache:	eng
Schlagworte:	assets capital China Chinese new energy stocks Corporate real activities energy energy industry energy policy Industry development Information markets prices The tone of government-controlled media
Online-Zugang:	Volltext
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