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Media Sentiment and International Asset Prices
Fraiberger, Samuel P. - 2018
This paper assesses the impact of media sentiment on international equity prices using a dataset of more than 4.5 million Reuters articles published across the globe between 1991 and 2015. Media sentiment robustly predicts daily returns in both advanced and emerging markets, even after...
Persistent link: https://www.econbiz.de/10012481003
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Media Bias
Mullainathan, Sendhil - 2002
There are two different types of media bias. One bias, which we refer to as ideology, reflects a news outlet's desire to affect reader opinions in a particular direction. The second bias, which we refer to as spin, reflects the outlet's attempt to simply create a memorable story. We examine...
Persistent link: https://www.econbiz.de/10012469412
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A Theory of Bundling Advertisements in Media Markets
Murphy, Kevin M. - 2016
perform in developed countries. We present a dynamic theory of commercial broadcasting where the media trade utility …
Persistent link: https://www.econbiz.de/10012455686
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Winning Isn't Everything : Corruption in Sumo Wrestling
Duggan, Mark - 2000
Although the theoretical literature on corruption is well developed, empirical work in this area has lagged because it … has proven difficult to isolate corrupt behavior in the data. In this paper, we look for evidence of corruption in an … stables play a role in facilitating the corruption. In times of increased media scrutiny, the match rigging disappears …
Persistent link: https://www.econbiz.de/10012470952
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Natural Openness and Good Government
Wei, Shang-Jin - 2000
This paper offers a new interpretation of the connection between openness and good governance. Assuming that corruption … display lower corruption in equilibrium. In data, naturally more open economies' do exhibit less corruption even after taking …
Persistent link: https://www.econbiz.de/10012470985
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Trade, Insecurity, and Home Bias : An Empirical Investigation
Anderson, James E. - 1999
Corruption and imperfect contract enforcement dramatically reduce trade. This paper estimates the reduction, using a …
Persistent link: https://www.econbiz.de/10012471800
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Embezzlement Versus Bribery
Fan, C. Simon - 2010
Corrupt officials can use their positions to enrich themselves in two ways. They can steal from the state budget--embezzling or misspending funds--or they can demand extra payments from citizens in return for services--bribery. In many circumstances, embezzlement is less distortionary than...
Persistent link: https://www.econbiz.de/10012462115
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Bribery : Who Pays, Who Refuses, What Are the Payoffs?
Hunt, Jennifer - 2005
households. The theory predicts that bribery is more attractive to both parties when the client is richer, and we find …
Persistent link: https://www.econbiz.de/10012467042
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Why is Fiscal Policy Often Procyclical?
Alesina, Alberto - 2005
Many countries, especially developing ones, follow procyclical fiscal polices, namely spending goes up (taxes go down) in booms and spending goes down (taxes go up) in recessions. We provide an explanation for this suboptimal fiscal policy based upon political distortions and incentives for...
Persistent link: https://www.econbiz.de/10012467077
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Kleptocracy and Divide-and-Rule : A Model of Personal Rule
Acemoglu, Daron - 2003
Many developing countries have suffered under the personal rule of kleptocrats', who implement highly inefficient economic policies, expropriate the wealth of their citizens, and use the proceeds for their own glorification or consumption. We argue that the success of kleptocrats rests, in part,...
Persistent link: https://www.econbiz.de/10012468558