The Media and the Financial Markets: A Review

In recent years there has been a growing body of literature about the role of the media in finance. Textual analysis techniques and greater availability of data have created the possibility of going deeper into an analysis of soft information, including newspaper articles and other media-generated content. This paper aims to present knowledge about the media's role in finance, calling on a large variety of research from the fields of finance, accounting, management, and economics. The goal and contribution of this paper are to provide a response to these queries by referencing existing, but often unconnected, literature.