According to Harvard Business School professor Greg Miller, financial journalists uncover nearly a third of major accounting scandals. He presents this as positive evidence of the business media’s ‘watchdog’ role. In the course of an interview with Harvard’s Working Knowledge he also passes on this nugget:
There’s always going to be someone in the press looking to put out negative spin.
Negative spin, eh? Like ‘Business journalism fails to uncover 70% of major financial scandals.’
You can read his whole paper here, and cynicism aside, it’s actually quite interesting.
2 responses to “Financial journalism”
Very interesting. I’m curious to know if there are any comparable studies for the UK (at a guess I’d say the figure would be lower than a third here…)
Haven’t seen any – his figures break down much further – only a third of that third are down to original reporting…