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This paper contributes to the literature by carrying out the first econometric investigation into the role of television in the formation of political consensus in Italy. Based on probit and instrumental variables estimates, we find trust in television to be the most significant predictor of...
Persistent link: https://www.econbiz.de/10009025249
This paper reviews the empirical evidence on commercial media bias (i.e., advertisers influence over media accuracy … three main policy insights for media regulators: i) Media regulators should target their monitoring efforts towards news …; iii) A sufficiently high degree of competition in the market for news drives out commercial media bias …
Persistent link: https://www.econbiz.de/10013092722
We examine whether media coverage influences firms' debt financing and, more importantly, the channels through which it … occurs. We find that more media coverage significantly reduces firms' reliance on bank loans while increasing their nonbank … the media complements other information sources, and among firms with a higher demand for external monitoring, suggesting …
Persistent link: https://www.econbiz.de/10012823068
This paper analyzes a two-sided market for news where advertisers may pay a media outlet to conceal negative …) higher is the accuracy of the media outlet' reports. Moreover, when advertisers' products are correlated, a higher degree of … competition in the market of the advertisers' products may decrease the accuracy of the media outlet's reports. …
Persistent link: https://www.econbiz.de/10011737124
This paper reviews the empirical evidence on commercial media bias (i.e., advertisers influence over media accuracy … three main policy insights for media regulators: i) Media regulators should target their monitoring efforts towards news …; iii) A sufficiently high degree of competition in the market for news drives out commercial media bias. …
Persistent link: https://www.econbiz.de/10011737150
s as far as media, telecommunications and Information Society services are concerned, and analyses some of the most … relevant policy papers specifically related to the adoption of the EC legal framework for the media in the digital age, before … focusing on the preparatory phase leading up to the adoption of the Commission proposal for a Directive on Audiovisual Media …
Persistent link: https://www.econbiz.de/10014049921
The purpose of this study is to empirically examine the relation between a target firm’s media coverage (measured by … degree of media coverage, positive and negative media coverage) and various takeover characteristics. We find that media … coverage is negatively associated with the takeover premium. This holds for both positive and negative media coverage. Thus, no …
Persistent link: https://www.econbiz.de/10013492561
Thanks to new digital technologies, web users are continuously targeted by offers that potentially fit their interests even if they are not actively looking for a product. Does this matching always promote transactions with high social value? We consider a model in which web users with...
Persistent link: https://www.econbiz.de/10011819012
This paper examines the phenomenon of management-initiated, court-supervised reorganization of companies in U.S. bankruptcy court. The proposed in-court persuasion mechanism reconciles excessive reorganizations of non-viable companies (and subsequent repeat failures) with management-initiated...
Persistent link: https://www.econbiz.de/10011917376
Mean-preserving contractions are critical for studying Bayesian models of information design. We introduce the class of bi-pooling policies, and the class of bi-pooling distributions as their induced distributions over posteriors. We show that every extreme point in the set of all...
Persistent link: https://www.econbiz.de/10014536904