| In information explosion era, the inaccurate financial news have not only damaged the image of media, but also produced lots of negative effects on capital market. However the research of domestic about inaccurate financial news’ negative effects on capital market is still.Start-up phase. This study is based on twenty four Chinese and foreign financial media,then draw out seven financial media for samples by random, Then, took baidu as research tools, concluded 47 inaccurate financial news as effective samples.Through content analysis and case study, on the basis of systematically examines the inaccurate financial news, reveals the five main negative effects of capital market: misleading investors, a falling stock prices, negative public opinion, damage the listed company’ image or executives’ reputation, stop IPO or increase the threat of delisting.In addition, this paper makes a theoretical analysis of the causes of inaccurate financial news, and puts forward related suggestions. This paper discusses the causes of financial news on the media side : the low level of financial knowledge of reporters and editors,the low level of professional ethics of reporters and editors, the conflict of gatekeeper and homo economics. on the capital market side:media is manipulated by listing corporation,the interference of the capital market hearsay.at the end of the paper,there are three suggestions:improve the level of financial knowledge of reporters and editors, strengthen the verification sources, accelerate the pace of listing to raise funds. |
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