This paper revisits Political Budget Cycles (PBCs) in the enlarged European Union (EU). Based on a panel of 25 current EU member states from 1996 to 2012, we show that governments frequently fiscally stimulate the economy prior to elections; a phenomenon that is seemingly not only an 'Eastern...

This paper explores the dynamics of press freedom around events that threaten or oust the incumbent regime of a country. While democracies on average grant the press more freedom, our theoretical starting point is that democracies and autocracies may have similar incentives to protect the power...

This paper explores the dynamics of press freedom around events that threaten or oust the incumbent regime of a country. While democracies on average grant the press more freedom, our theoretical starting point is that democracies and autocracies may have similar incentives to protect the power...

This paper explores the dynamics of press freedom around events that threaten or oust the incumbent regime of a country. While democracies on average grant the press more freedom, our theoretical starting point is that democracies and autocracies may have similar incentives to protect the power...

The challenges for journalists and the media community in South Asia encompass a range of factors that indicate the level of press freedom in any country: Physical attacks, threats and questionable legal actions directed against journalists, media workers and media institutions with the...

There is a tremendous amount of media freedom problems in the world, and there is also a certain time travel backwards in many parts of the world. It is not only true in the new democracies, where we see a stubborn monopoly especially of television, which is not getting dissolved and it is even...

The current work focuses on the economics of corruption, with an emphasis on the influence of internet users and press freedom on the perception of corruption. An analysis of crosssectional data obtained for 113 countries in 2010 was implemented by means of a generalized linear model involving a...

This paper examines the impact of press freedom on stock price informativeness in a sample of firms from 50 countries. We find a significant relation between more press freedom and lower stock price synchronicity. Our results suggest that the freedom of the press can enhance the information...

Proponents of the efficient markets hypothesis would claim that investors correctly and timely incorporate new information into asset prices. Bayesian rationality is assumed to be a good description of investor behavior (Fama (1965, 1970)). However, the quality of information disclosure differs...