Investor Reaction to the Discovery of Accounting Fraud: The Period from the Discovery of the Fraud to the Completion of the Correction

This paper examines the period from the discovery of accounting fraud to the completion of correction and examines the reaction of investors on the date of the first news release suggesting accounting manipulation, the date of the subsequent release of information related to the amount of profit correction that was not disclosed on the date of the first news release, and the date of the submission of the correction report. The verification results show that the stock price falls sharply on the day of the first news release and the day when the information about the amount of profit revision is disclosed, that when the amount of profit revision is large and it takes time to disclose information about the amount of profit revision, there is a rebound in the stock price on the day when the correction report is submitted because investors like the resolution of uncertainty, and that there is a relationship between the amount of profit revision and the size of stock price decline. However, when there is no information about the amount of correction on the first day of the news release, investors react uniformly, and the reaction to a large (small) amount of correction is underreaction (overreaction). These results indicate that investors were misled by the misstatements until the fraud was discovered and made decisions based on overestimates of future cash flows, so they suffered unexpected losses when the fraud was discovered, and during the period from the fraud discovery to the completion of correction. Received: 3 August 2021 / Accepted: 6 October 2021 / Published: 5 November 2021

The Essential News Release

The news release is the basic unit of your research communications. There are many types of news releases, each with its own use, and they may target different audiences. These include the hard news release, the feature release, the backgrounder, the personal profile, the Q&A, the news tip, the media alert, the grant/gift announcement, and the award announcement. News releases have many uses beyond attracting media coverage. These include as ammunition for the funding agency, internal communication, an investment for future use, background material, a statement of record, a Web alert for fellow researchers, a record of stewardship of public funds, education for the public, and family news.

Craft Releases That Tell Your Research Story

Many editorial elements are necessary for an effective news release. They include a clear, compelling headline, a “nut graf” that tells the significance of the news, a news peg that is the reason for the release, and an inverted pyramid structure. The news release should feature concise explanations, caveats about the findings, and credit to participants and funding sources. Quotes should reflect how people really talk, and hype and subjective statements should be avoided. Technical terms should be explained, and comparative measurements to well-known quantities should be included. Also valuable are vivid metaphors, analogies, and descriptions. The release should include a clear conflict-of-interest statement. Quality images, animations, and videos can make the difference between a news release being used or not.

An Analysis of the Themes of Refuting Rumors on China's Sina Weibo During the Period of Covid-19

From the end of 2019 to 2020, there were countless rumors on the Internet related to COVID-19 during the viral epidemic. This study analyzed how government Weibo, the official news release channel of government social media, refuted rumors on China's leading social media platform Sina Weibo during the COVID-19 pandemic outbreak in China. This study used the LDA topic model to model the Weibo text topic and obtain the topics of the rumors that the government Weibo defied. This study find that the five main topics of rumors presented in the anti-rumor Weibo are highly related to the operation of the social system, disease prevention and treatment, and social security.

News Releases and Public Service Announcements

This publication about news release and public service announcement writing is the third of a four-part series on media relations. This series also covers media relations strategies, working with the media, and media interview skills. This is a revision with Lisa Lundy of the following original publication: Telg, Ricky. 2011. “News Releases and Public Service Announcements”. EDIS 2011 (8). https://doi.org/10.32473/edis-wc113-2011.

The Anxiety Dynamics amongst the Elderly during the Covid-19 Pandemic

The elderly are the last stages of human development. In this condition, the elderly often suffer physical decline that may have little effect on their psychological conditions, including anxiety. The study deals with the dynamics of anxiety experienced by the elderly during the Covid-19 pandemic. This study is qualitative with a case study approach. The excavated aspects are somatic, cognitive, emotional and behavioural. The study involved three participants in the age span of 55-65. Participant 1 was 60 years old, participant 2 was 62 years old, participant 3 was 63 years old. The data-mining techniques of this study use one-meeting interviews with each participant. Observation and documentation are also used for gaining in-depth data. Data analysis techniques use driven theory and data triangulation to check the credibility of data. The results of this study indicate that the three participants experienced anxiety because of a news release about Covid-19. The suggestion from this study is to provide more attention and information to the elderly during the Covid-19 pandemic. Keywords: anxiety, elderly, covid-19