Firm-specific news

Firm-specific news

News that affects only a specific firm. Market. news by contrast affects many firms.

Firm-Specific News

News regarding a single company as opposed to an industry or the wider market. Examples include an earnings announcement, the hiring or firing of an executive, and so forth. Firm-specific news may affect the company's own stock price, but is unlikely to have ramifications on other companies unless the news becomes part of a trend. See also: Pricing out the News.
References in periodicals archive ?
However, opacity can also be costly to insiders because they must also bear the cost of bad firm-specific news.
The arrival of bad firm-specific news is costly to insiders and might reach a level such that insiders are unable or unwilling to assume the losses generated by the firm.
Jin and Myers (2006) posit that firm opacity causes insiders to absorb a greater amount of firm-specific risk, leading to a higher frequency of crashes among opaque firms than among transparent firms when firm-specific news is bad.