Ⅰ. Introduction

Ⅱ. Methodology
A. Theoretical Basis and Related Literature
B. Empirical Models

Ⅲ. Data
A. Event Selection
B. Supplemental Data

Ⅳ. Results
A. Event Study
B. Panel Regressions
C. Volatility Ratios
D. The Role of Media
E. The Role of Market Development
F. Granger Causality

Ⅴ. Conclusions

References