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This paper aims to investigate whether the assumption of bias-free journalism is violated. If there is systematic news coverage bias inherent in business journalism, certain kinds of companies will have a systematically higher or lower visibility in business news. Such differential corporate visibility may undermine the validity of research that is based solely on business news as a data source.

A set of hypotheses is developed and statistically tested, concerning the corporate characteristics associated with business media coverage. Coverage of the 100 largest Finnish companies is examined within the three foremost Finnish business publications. Methodologically, uncorrelated principal components in regression analyses are used.

The main finding is that that financially low-performing companies and growing companies receive less coverage than well-performing or shrinking companies, indicating a possible bias in journalistic sourcing, attention or selection. Consequently, such companies may be relatively under-represented in data sets derived solely from business news sources.

Significantly greater in-depth understanding of the phenomenon could be obtained through studying the biases at play in day-to-day journalistic practices within editorial offices and news desks, which is beyond the present study. The study cautions against single sourcing strategies reliant on business news alone, and it strongly recommends that future studies complement business news data with other, non-news sources.

Organizational metrics such as financial performance appear to influence corporate visibility in business news, which may therefore skew individuals’ and investors’ attitudes to corporations. The existence of coverage bias is methodologically consequential because management research often sources data from business news, especially in event-based studies.

This study provides evidence that media visibility is influenced by company performance and change in company size, which could contribute to bias in business news coverage. This should be taken into account in future studies that use business news data.

This paper aims to take note of the need to better understand cost consciousness from a management accounting perspective and serves as an exploratory study striving to analyze how the notion has been addressed by management accounting scholars.

This paper presents the findings of a thorough literature review identifying the drivers, interpretations, definitions and results which management accounting scholars have associated with cost consciousness.

This paper has synthesized the definitions and interpretations by considering their conceptual broadness and the subjects that cost consciousness characterizes. In addition, various potential drivers of cost consciousness have been identified where management control systems play a major role. Also, this paper summarizes both the positive and negative outcomes which scholars seem to expect from an increase of cost consciousness.

Given that no prior work has focused on the conceptual development of cost consciousness, it was necessary to infer most of the interpretations, drivers and results which management accounting scholars have associated to the cost consciousness notion.

Cost consciousness is a concept that appears in hundreds of peer-reviewed articles on management accounting. However, only a handful of management accounting scholars have defined or evaluated this concept to a certain degree. As a result, what management accountants believe cost consciousness to be, how it is driven and what result may be expected from it, is nowhere to be found in any synthesized manner. The findings of this paper develop the concept of cost consciousness by illuminating the common use of the construct across various disciplines.