We examine the effect of media competition on analyst forecast properties in an international setting using 113,436 firm-year observations from 32 countries spanning 2000 through 2012. We find that firms in countries with stronger media competition enjoy more accurate, less optimistically...

The media industry is unique in its ability to spread information that may influence the democraticprocess. This influence depends on where and how citizens get their political information. While previous research has examined news production and consumption on specific media platforms—such as...

International trade flows of cultural goods have grown very rapidly over the last decades and their liberalization will be one of the important issues of future multilateral trade negotiations. Despite these stakes, cultural flows have, to date, not been much studied by trade economists. In this...