Media Attention Research Articles

Farmer Protests in Europe 2023–2024

SummaryIn 2023–2024, farmer protests swept across Europe, with tractors blocking roads and supermarkets, drawing significant media attention. Unlike previous protests, these events spread continent‐wide, suggesting a contagion effect. This paper documents the surge in farmer protests, explores their triggers and underlying causes, and emphasizes the need for a just transition to sustainable food systems. The protests were sparked by proposed policy changes, tighter environmental regulations, perceived pressures on farm incomes and increased trade competition. However, the root causes varied by country. Swift policy responses at both national and EU levels included retracting controversial measures like the Sustainable Use of Pesticides Regulation, but these actions also hindered key initiatives for transitioning to more sustainable agri‐food systems. Moving forward, a comprehensive public debate on the future of Europe's agri‐food systems is crucial, focusing on balancing environmental sustainability with the economic viability of agriculture. A major political challenge will be moving beyond simplistic dichotomies to develop a vision for a food system that fosters synergies between farmer interests as well as environmental and social objectives.

Media Narrative of School Shooting in Russia

School shootings, defined as acts of mass armed violence perpetrated within educational institutions, elicit significant media attention. This extensive coverage, however, raises concerns regarding its potential contribution to the “copycat effect”, where subsequent crimes are inspired by media portrayals of previous incidents. Furthermore, media narratives can significantly influence public perceptions of both the victims and the perpetrators involved. This study aims to analyze the narrative of school shooting within four key categories: victim portrayal, perpetrator description, perceived motives, and the act itself. The results reveals a dominant narrative structure that closely follows the chronological sequence of the perpetrator’s actions. This mirroring effect, likely driven by the inherent demands of streaming media formats, results in a construction of victim narratives “through the lens” of the perpetrator. Consequently, information regarding the perpetrators and their actions tends to dominate the media landscape, potentially overshadowing the experiences and perspectives of the victims. These findings carry significant implications for the development of ethical guidelines within journalism and professional standards for reporting on mass gun violence in schools. Moreover, the identified patterns in media narratives could serve as valuable input for developing mathematical models that explore the potential link between media representations of school shootings and the occurrence of copycat crimes.

The dramaturgical infrastructure of counter-summitry – ethnographic insights from the Glasgow climate conference

ABSTRACT The annual UN climate conferences synchronize major social worlds, including politics, media, business, science, and law. They therefore attract anyone interested in high-profile performances such as protest action. With the post-Paris turn in global environmental governance, scholarly interest in theatrical aspects of climate governance is increasing. Activism at climate conferences, however, has not yet been studied through a dramaturgical lens. We propose the concept of ‘dramaturgical infrastructure’ to complement Goffman’s focus on self-presentation with the material and immaterial context beyond the micro-level of situated interactional practices. Based on fieldwork at the 2021 climate conference in Glasgow, we describe how activists draw on and mobilize a dramaturgical infrastructure of scripts, spaces, rituals, and requisites for their performances, and how this results in role-taking on the Glasgow stage. We identify the roles of the watchdog, the participant, the disrupter, and the connector, each with distinctive patterns of compliance with or distancing from post-Paris climate governance and the news media. The dramaturgical perspective suggests that climate conferences provide encounters that educate activists to be aware of the component of self-presentation in their activism and to design performances for high public, policy, and media attention.

Unleashing the impact of environmental information disclosure on corporate green innovation: The role of audit quality and media attention

Green innovation is critical for enterprises to achieve sustainable development, although academics and entrepreneurs often associate it with financial performance. However, more research is needed on the boundary and mechanism of the effect of environmental information disclosure on corporate green innovation. Based on the data of A-share listed companies from the years 2008–2022 in China, this study discusses the impact of environmental information disclosure on green innovation. It analyzes the moderating effects of external audit quality and media attention. The results show that environmental information disclosure promotes green innovation. Further, audit quality and media attention have a positive moderating effect. In addition, this effect is more evident in non-state and heavily polluting industries. Finally, alleviating financial constraints is a critical mechanism for how environmental information disclosure affects green innovation.

Awareness of everyday effects of climate change: The climate change perceptual awareness scale (CCPAS)

Climate change is intrinsically complex and demands a certain degree of abstraction. However, different individuals report a wide range and degree of tangible and sensory experiences of climate change. As perceptual and sensory awareness of climate change has important consequences for the promotion of sustainable behaviors, pro-climate policies, and clinical interventions for climate-related disorders such as climate anxiety, new specific tools are required: herein we detail the development of a psychometric measure of perceptual awareness of climate change, as well as provide evidence for its discriminant, convergent, and predictive validity for sustainable behaviors. The administration of this scale on a representative sample of the UK population (Study 1) yielded a 4-factor structure, with items measuring perception of temperature changes and those measuring perception of humidity changes loading on separate factors, and two additional factors identifying the awareness of own feelings and perception of media attention on climate change. A second administration (Study 2) to an independent sample gathered from the Italian population supports the reliability of this factorial structure. As the rising field of climate neuroscience starts to investigate the determinants of perceptions of climate change, this novel scale will allow assessing the perceptual features affecting awareness of climate change.

Green vs. brown: Climate risk showdown – who’s thriving, who’s diving?

Increasingly complex climate change poses unprecedented risks and challenges. We attempt to analyze the strategic responses of firms in dealing with climate risk and whether green firms outperform brown firms by exploring the relationship between climate risk and firms’ cash flow. To this end, this paper uses the high-dimensional fixed-effects model for empirical analysis based on panel data of Chinese listed firms from Q1 2010 to Q4 2022. We find that firms have the motivation to hold more cash in the face of climate risk, and that brown firms will be more proactive in cash flow management compared to green firms. In addition, there are significant industry and seasonal effects of climate risk on firms’ cash flow. Mechanism tests find that climate risk prompts firms to increase cash flow by forcing them to reduce financial leverage and erode operating costs, as well as by inducing increased media attention to the firm. Heterogeneity analysis shows that the positive effect of climate risk on cash flow is more significant among low digital transformation firms, high financial constraints firms, firms with low managerial myopia, and SOEs. An analysis of the economic consequences shows that climate risk leads firms to be more aggressive in capturing market share, increasing productivity and strengthening ESG performance. The above findings help to enlighten firms on how to manage their risk exposures and adjust their internal governance structures as a way to maintain stable operations in an environment of intensified uncertainty. In brief, this paper highlights the differentiated financial decisions that green and brown firms make in response to climate risk, providing empirical evidence and policy implications for advancing the green transformation of firms.

Transcend local for global: ESG as a legitimacy signal in the global expansion of emerging multinational enterprises

Emerging market multinational enterprises (EMNEs) are under increasing pressure to demonstrate robust environmental, social, and governance (ESG) as they expand globally. However, existing research has not thoroughly examined the theoretical relationship between ESG disclosure and the degree of internationalisation of EMNEs. This study addresses this gap by integrating institutional and signalling theories, revealing that superior ESG is positively associated with higher levels of EMNE internationalisation. This relationship is mediated by international financing capabilities and moderated by media attention. The study demonstrates that strategic initiatives related to ESG disclosure can serve as signals of legitimacy for EMNEs navigating institutional complexities on a global scale. These findings are supported by an empirical analysis of panel data from 2011 to 2020, providing theoretical insights into ESG signalling mechanisms. Practically, proactive ESG strategies can offer a competitive advantage for EMNEs as they manage complex foreign expansions amidst growing demands for responsible business conduct.

Promotional Press Releases and Investor Processing Costs

Press releases are a primary disclosure channel firms use to communicate with investors. However, firms can also use press releases to self-promote to improve their public image. Promotional press releases are, on average, significantly less value relevant than those focused toward investors. They also contain more positive and emotional language as well as less specific and financially oriented language. Based on theories of disclosure processing costs and investor attention, we predict and find that firms’ recent high usage of this disclosure channel to self-promote is associated with increased investor attention and more efficient reactions to subsequent investor-focused disclosures. This effect is concentrated in less visible firms, whereas promotional press releases appear to have no effect on the pricing efficiency of more visible firms. We also provide evidence consistent with media attention being one channel through which these effects operate. Our findings deepen our understanding of how firms use press releases as a disclosure channel and contribute to the literature on disclosure processing costs. This paper was accepted by Eric So, accounting. Funding: This work was supported by resources at the Arkansas High Performance Computing Center. C. Rawson gratefully acknowledges financial support from the Sam M. Walton College of Business. B. J. Twedt gratefully acknowledges financial support from the Mays Business School. J. C. Watkins gratefully acknowledges financial support from the Mendoza College of Business.. Supplemental Material: The data files are available at https://doi.org/10.1287/mnsc.2023.01903 .

Media attention, negative reports and textual information of banks’ ESG disclosure

This paper applies text analysis method and Baidu sentiment tendency analysis model to identify the text characteristics of bank ESG information disclosure, and explores the impact of media attention and negative reports on the text of bank ESG as well as the influence mechanism. The study finds that the higher the media attention, the stronger the positive sentiment of bank ESG information disclosure text, and the lower the readability. Similarly, negative media coverage is positively related to the sentiment of bank ESG text, and negatively related to the readability of the text. Mechanism analysis shows that media attention and negative reports can inhibit banks' active risk-taking, increase analysts' attention to banks as well, and then affect banks' ESG disclosure behavior. Heterogeneity analysis shows that the impact of media attention and negative reports on ESG disclosure text is more obvious for banks with higher capital adequacy ratio and lower weighted risk assets ratio. This paper examines the impact of media governance on bank ESG disclosure behavior from the perspective of text big data analysis, which is a useful supplement to the research on ESG disclosure.

Quran Desecration Rallies in Scandinavia and the Netherlands: The Formation and Transnational Diffusion of an Anti-Muslim Protest Tactic

ABSTRACT Since 2019, Quran desecration rallies have proliferated across Northern Europe, leading to geopolitical tensions with Muslim-majority countries and domestic debates about freedom of speech. This article traces the diffusion trajectories of Quran desecration acts from their initiation in 2019 until November 2023 across Denmark, Norway, Sweden, and the Netherlands. Combining protest event analysis and process tracing based on mainstream media reporting and far-right social media, it shows how the desecration tactic spread from Denmark to remnants of the transnational Counter-Jihad Movement through a within-movement diffusion process involving both indirect and direct channels. Following Rasmus Paludan’s Quran-burning outside Turkey’s Embassy in Stockholm in January 2023, the tactic attracted massive international media attention. In Denmark and Sweden, the tactics’ repurposing toward geopolitical issues led to a spillover to actors unaffiliated with the far right, while in Norway and the Netherlands, the tactic hardly diffused beyond the anti-Islam activists. Drawing on far-right transnational diffusion literature, the article provides an empirically grounded and theoretically informed mapping of the recent wave of Quran desecration rallies, showing the various ways the same tactic spread throughout and into different domestic settings.

The harms of promoting the lab leak hypothesis for SARS-CoV-2 origins without evidence.

Science is humanity's best insurance against threats from nature, but it is a fragile enterprise that must be nourished and protected. The preponderance of scientific evidence indicates a natural origin for SARS-CoV-2. Yet, the theory that SARS-CoV-2 was engineered in and escaped from a lab dominates media attention, even in the absence of strong evidence. We discuss how the resulting anti-science movement puts the research community, scientific research, and pandemic preparedness at risk.

Safe Sex and the Debate over Condoms on Campus in the 1980s: Sperm Busters at Harvard and Protection Connection at the University of Texas at Austin.

During the 1980s, college students in the United States helped to destigmatize the distribution and use of condoms. They shifted their aims from preventing unwanted pregnancy to stopping the spread of sexually transmitted infections including the newly identified acquired immunodeficiency syndrome (AIDS). Two student-led initiatives to deliver condoms after hours at Harvard University in Cambridge, Massachusetts and the University of Texas at Austin show regional and temporal differences in sexual mores as awareness of AIDS increased. These male students adopted a non-pharmaceutical intervention to prevent pregnancy and disease in the context of increased marketing of Trojan® brand condoms. Interviews with co-founders reveal how the students grappled with backlash from family members and campus administrators less enthusiastic about their popularization of condoms. Co-founders described how media attention affected their college experiences and how condom companies changed campus culture. Overall, large non-pharmaceutical companies such as Trojan® and small condom-resellers such as those at Harvard and the University of Texas at Austin reshaped cultural norms around safe sex as awareness of AIDS grew between 1985 and 1987.

Impact of media attention on corporate green innovation: What is the role of dual environmental regulation?

This study explores the intricate interplay between media attention, dual environmental regulation, and corporate green innovation quality using a comprehensive dataset of Chinese A-share listed companies. Thus, our rigorous empirical analysis reveals that media visibility significantly affects corporate environmental sustainability efforts, with formal and informal environmental regulations moderating its impact. Media attention acts as a powerful catalyst for green innovation during growth and mature stages of a company's lifecycle; however, its effect diminishes during recessions. We determine significant heterogeneity across industry types and ownership structures. Non-high-polluting industries and non-state-owned enterprises show stronger positive responses to media scrutiny in their green innovation efforts than high-polluting sectors and state-owned enterprises. Furthermore, formal environmental regulations amplify the positive effect of media attention on green innovation, suggesting a synergistic potential that encourages companies to exceed baseline environmental standards. In contrast, while having no direct impact on green innovation, informal environmental regulation significantly moderates the relationship between media attention and innovation quality. These findings add to the literature on environmental innovation by demonstrating the conditional effectiveness of media attention and the critical role of regulatory frameworks in fostering sustainable corporate practices across industries and ownership contexts, with implications for policymakers, corporate strategists, and environmental advocates.

The impact of vertical environmental regulation mechanism on greenwashing

China is vigorously implementing carbon reduction actions, but greenwashing is a severe obstacle to the realization of the “dual-carbon goal”. The central environmental protection inspection (CEPI) policy is a typical vertical environmental regulation (VER) system, which directly affects the environmental protection practices of firms and thus may have an impact on greenwashing. This article uses data from China's listed companies from 2012 to 2021 and the generalized difference-in-differences (DID) method to examine the impact of CEPI policy on greenwashing. The main conclusions are: first, the CEPI policy can significantly mitigate greenwashing, and this conclusion still holds after the endogeneity test and parallel trend test. Second, the CEPI policy can mitigate greenwashing by increasing media attention, improving technological innovation ability, and increasing the degree of competition in the industry. Finally, the heterogeneity analysis shows that stronger regulatory intensity mitigates greenwashing and the CEPI policy is effective in reducing the greenwashing of duality firms. Reducing corporate greenwashing is conducive to cleaner production and thus promotes sustainable economic development.

A Bipartite Network Analysis of Terrorism in Nigeria

Nigeria is home to a variety of terror groups, some of which receive little scholarly or media attention, but whose violent attacks cause significant casualties and instability. This analysis uses a bipartite network approach to examine terror groups in Nigeria between 2009 and 2019. We capture substantial variation among terrorist groups by state, target type and attack mode, and consider “unknown” terrorist offenders. Although Boko Haram is the dominant terrorist group, the Fulani extremists, IPOB, and others, are also prominent, with MEND especially active against oil infrastructure and in the Niger Delta region. This research finds that a bipartite network approach is effective for providing a more comprehensive understanding of terrorism dynamics, which is essential for effective counterterrorism policy and analysis.

Non-financial information farsightedness and capital market information efficiency

Non-financial information disclosed by firms is an important channel for investors and analysts to understand the operating conditions of firms and a major source of information other than financial data. This study examines the impact of disclosure of forward-looking non-financial information content by listed companies on the information efficiency of the capital market. Using data from A-share listed companies in China’s Shanghai and Shenzhen markets from 2007 to 2022, it is found that forward-looking non-financial information content has a positive impact on improving capital market information efficiency, while analysts’ attention plays a moderating role. The mechanism study finds that non-financial information disclosure with forward-looking content affects the accuracy of analysts’ earnings forecasts, the type of audit opinion, and the degree of financialisation of firms, which in turn have different impacts on the information efficiency of the capital market. The heterogeneity test finds that disclosure of non-financial information with forward-looking content will more significantly improve the information efficiency of the capital market if the listed company receives a high level of media attention, as well as listed companies with higher quality of internal control. This study explores the forward-looking characteristics of non-financial information in depth, enriches the study of information efficiency in the capital market, and provides theoretical suggestions for the content and direction of corporate non-financial information disclosure.

Carbon credit sentiments and green energy stocks

ABSTRACT This paper provides a new perspective on the role of climate attention in the media for returns of green energy stocks. Making use of a data set that includes various measures of sentiments and media attention in newspapers and social media related to 1) carbon credit and 2) stock markets, we disentangle the drivers of green stock returns. Our results for various green stock indices suggest that green stock returns are not only driven by stock-related news but also driven by sentiment related to carbon credit news. We also show that the underlying news source (social media vs. newspapers) matters. News related to uncertainty around carbon credit in conventional newspapers is accompanied by decreasing returns. In social media, future-oriented pessimistic emotions relate negatively and recent positive sentiment relates positively to green stock returns.

Enterprise environmental performance under China's framework for Central Environmental Protection Inspection: Quasi‐natural experimental evidence

AbstractIn 2016, China launched the Central Environmental Protection Inspection (CEPI) to address environmental pollution. Using a triple‐difference method with data from China's A‐share listed companies between 2010 and 2019, we find that CEPI significantly improves the environmental performance of firms. The improvements are driven by increased environmental awareness, stricter enforcement and greater investment in environmental protection. Fiscal and environmental decentralization positively reinforce the policy's effectiveness. Regions with high public participation, media attention, and visibility experience greater benefits. This research highlights the importance of combining policy initiatives with active public and media engagement to achieve significant environmental improvements.

Do politically connected subsidy recipients disclose less subsidy information?

AbstractThis paper examines the association between firms’ political connections and their voluntary disclosure of information related to government subsidies, using a sample of Chinese non‐state‐owned enterprises. We find that politically connected subsidy recipients disclose less information about their subsidies (source and policy basis) in their annual reports than do unconnected firms. This association is mainly driven by connected firms whose subsidies are difficult to justify and are stronger for firms registered in more corrupt provinces and firms with higher media attention. In addition, connected firms disclosing more subsidy information receive fewer future subsidies than do other connected firms. These findings suggest that politically connected subsidy recipients tend to withhold subsidy information to reduce the costs that accompany public scrutiny of subsidies granted through relationships.

Impact of Digital Transformation on Green Innovation in Manufacturing under Dual Carbon Targets

The development of green innovation in the manufacturing industry is crucial for sustainability, as it can lead to significant environmental and economic benefits. Meanwhile, the impact of digital transformation on green innovation in the manufacturing industry has been proven to be significant in a previous study. To further explore the impact of digital transformation on the development of green innovation in the manufacturing industry under the dual carbon goal, this article selects data from Chinese A-share manufacturing listed companies from 2013 to 2022 as the observation sample, proposes research hypotheses based on stakeholder theory, and conducts empirical analysis. The results indicate that digital transformation can significantly promote the development of green innovation in the manufacturing industry, which is transmitted through corporate environmental responsibility. Corporate environmental responsibility plays a partial mediating role in the impact of digital transformation on the development of green innovation. Meanwhile, media attention can strengthen the positive impact of digital transformation on green innovation. In heterogeneity analysis, it was found that the higher the institutional shareholding and analyst attention, the more likely a company’s digital transformation can promote green innovation. In addition, by comparing and analyzing the data of the two years before and after the proposal of the dual carbon target, it was found that the incentive effect of the dual carbon target did not achieve the expected effect in this article, which may be related to the short time of the proposal of the dual carbon target and the impact of the epidemic.