Misinformation corrections of corporate news: Corporate clarification announcements

Yang, Ann Shawing

doi:10.1016/j.pacfin.2020.101315

Cited by 6 publications

(3 citation statements)

References 77 publications

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“…Policies that aim to counteract misinformation must therefore account for these memory biases and develop strategies to reinforce factual information. Such strategies might include repeated communication of verified facts, highlighting the differences between information and misinformation, and the promotion of critical thinking skills to evaluate the validity of information (Bailey et al, 2021; de Saint Laurent et al, 2022; Freeze et al, 2021; Negley et al, 2018; Yang, 2020).…”

Section: Policy Implicationsmentioning

confidence: 99%

Memory Can Define Individual Beliefs and Identity—and Shape Society

Madan

2023

Policy Insights from the Behavioral and Brain Sciences

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Memory profoundly define individual beliefs and identity, shaping how societies make decisions. Five key memory phenomena include—first impressions and the primacy effect, risky decision-making and memory availability, information reliability and source memory, music preferences and the reminiscence bump, and long-term planning and episodic future thinking. Each phenomenon is explored for its impact on policy, revealing the profound ways that memory biases and processes shape critical societal choices, such as judicial decisions, hiring practices, financial planning, and pro-environmental behavior. Although memory's importance in daily life is widely recognized, its central role in shaping self-identity and influencing societal structures is often underestimated. Memory biases, evident in various aspects, from cultural exposures to decision-making heuristics, play a pivotal role in individual and collective behavior. These biases, often manifesting subtly, guide the formation of beliefs and preferences, with strong implications for policy making. Taken together, this work advocates for a multidisciplinary approach to bridge memory theory and policy practice.

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Section: Policy Implicationsmentioning

confidence: 99%

Memory Can Define Individual Beliefs and Identity—and Shape Society

Madan

2023

Policy Insights from the Behavioral and Brain Sciences

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“…In addition, the performance of REITs was studied (Sahin, 2005;Shimizu, 2017). Other financial studies focus on different misinformation correction strategies and their influence on investors' decisions and the performance of investment trusts (Yang 2020).…”

Section: Financial Areamentioning

confidence: 99%

Trusts in Business Research: A Concise Systematic Literature Review

Pulcini¹,

Montani²,

Gervasio³

2022

IBR

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This study is a concise, systematic literature review of a legal instrument called the ‘trust’ in academic business research. Therefore, it aims to define the state-of-the-art and future research paths on this topic. Web of Science and Scopus are bibliographic databases used to collect data, and a rigorous and transparent methodological protocol has been used to conduct a systematic literature review. The study of bibliometric data and the content analysis of the research sample allow for insightful considerations, showing the main business areas dealing with trusts (the financial, historical, and corporate governance areas) and mapping the specific sub-topics of each one. Moreover, a new trend outlines the increasing interest in trusts and connected institutions (investment trusts, trust companies, unit trust funds, real estate investment trusts) from the traditional UK and US contexts to new emerging countries such as China, Malaysia, and South Africa. In conclusion, many gaps in the literature and opportunities for future business research are outlined. This study helps overcome the traditional juridical study perspective of trusts, showing many links with businesses and corporations and encouraging scholars to investigate the trusts in the business world.

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“…Over the past few decades, rumor-debunking strategies such as fact checking, corrections, and retractions (eg, deleting social media posts) have been implemented as postevent responses to counteract the impact of rumors [2][3][4]. The effectiveness of these strategies has not been assessed systematically; previous research focuses on strategies to mitigate public belief of the rumors [5][6][7] but not on the role of strategies in reducing the proportion of rumor reports and alleviating negative sentiments among the public.…”

Section: Introductionmentioning

confidence: 99%

COVID-19–Related Rumor Content, Transmission, and Clarification Strategies in China: Descriptive Study

Ning¹,

Cheng²,

Li³

et al. 2021

J Med Internet Res

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Background Given the permeation of social media throughout society, rumors spread faster than ever before, which significantly complicates government responses to public health emergencies such as the COVID-19 pandemic. Objective We aimed to examine the characteristics and propagation of rumors during the early months of the COVID-19 pandemic in China and evaluated the effectiveness of health authorities’ release of correction announcements. Methods We retrieved rumors widely circulating on social media in China during the early stages of the COVID-19 pandemic and assessed the effectiveness of official government clarifications and popular science articles refuting those rumors. Results We show that the number of rumors related to the COVID-19 pandemic fluctuated widely in China between December 1, 2019 and April 15, 2020. Rumors mainly occurred in 3 provinces: Hubei, Zhejiang, and Guangxi. Personal social media accounts constituted the major source of media reports of the 4 most widely distributed rumors (the novel coronavirus can be prevented with “Shuanghuanglian”: 7648/10,664, 71.7%; the novel coronavirus is the SARS coronavirus: 14,696/15,902, 92.4%; medical supplies intended for assisting Hubei were detained by the local government: 3911/3943, 99.2%; asymptomatically infected persons were regarded as diagnosed COVID-19 patients with symptoms in official counts: 322/323, 99.7%). The number of rumors circulating was positively associated with the severity of the COVID-19 epidemic (ρ=0.88, 95% CI 0.81-0.93). The release of correction articles was associated with a substantial decrease in the proportion of rumor reports compared to accurate reports. The proportions of negative sentiments appearing among comments by citizens in response to media articles disseminating rumors and disseminating correct information differ insignificantly (both correct reports: χ12=0.315, P=.58; both rumors: χ12=0.025, P=.88; first rumor and last correct report: χ12=1.287, P=.26; first correct report and last rumor: χ12=0.033, P=.86). Conclusions Our results highlight the importance and urgency of monitoring and correcting false or misleading reports on websites and personal social media accounts. The circulation of rumors can influence public health, and government bodies should establish guidelines to monitor and mitigate the negative impact of such rumors.

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Misinformation corrections of corporate news: Corporate clarification announcements

Cited by 6 publications

References 77 publications

Memory Can Define Individual Beliefs and Identity—and Shape Society

Memory Can Define Individual Beliefs and Identity—and Shape Society

Trusts in Business Research: A Concise Systematic Literature Review

COVID-19–Related Rumor Content, Transmission, and Clarification Strategies in China: Descriptive Study

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