The informativeness of environmental, social, and governance (ESG) scores and their actual impact on firms remains understudied. To address this gap in the literature, we make theoretical predictions and conduct empirical research revealing that a high ESG score is associated with a lower...

Die Digitalisierung führt zu einer anhaltenden Transformation des Medienökosystems. Die globale Macht von Plattformmonopolen und die zunehmende Bedeutung von künstlicher Intelligenz sind nur zwei Beispiele für die Notwendigkeit eines Updates der Medienökonomik. Wichtige Ziele sind der...

A core challenge for media economics in the digital age is to establish frameworks that neither endanger user safety nor undermine the diversity of information. Hate speech, misinformation and sensationalism must not take over, yet freedom of opinion and expression must remain intact. To bolster...

Since Donald Trump's election at the latest, the (American) media landscape and, with it, democratic media regulation have been facing serious challenges: With the heads of "BigTech" from Silicon Valley, who not only control central media platforms but also increasingly seek political proximity,...

The relationship between private and public service media in Germany has traditionally been perceived and regulated as one of competitive coexistence and reciprocal counterbalancing. However, digital transformation and the rise of platform dominance challenge this perspective. In response, this...

Between 2017 and 2024, the main national stock market indices rose in the US and the five largest European economies. However, the average daily performance of all six indices turns from positive to negative when weighted by daily media coverage. A case in point is the average daily performance...

The development of English-language skills, a near necessity in today’s global economy, is heavily influenced by historical national decisions about whether to subtitle or dub TV content. While prior studies of language acquisition have focused on schools, we show the overwhelming influence of...

The development of English-language skills, a near necessity in today’s global economy, is heavily influenced by historical national decisions about whether to subtitle or dub TV content. While prior studies of language acquisition have focused on schools, we show the overwhelming influence of...