I. J. Alexander Dyck|Luigi Zingales
The Corporate Governance Role of the Media
University of Toronto|National Bureau of Economic Research|University of Chicago|Centre for Economic Policy Research
paper discuss role media pressuring corporate managers directors behave ways socially acceptable sometimes coincides shareholders value maximization others provide anecdotal systematic evidence media affect companies policy toward environment amount corporate resources diverted sole advantage controlling shareholders results important consequences focus corporate governance debate feasibility reforms aimed improving corporate governance around world