| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9014 |
| DP9014 The Price of Media Capture and the Looting of Newspapers in Interwar France | |
| Marc Flandreau; Vincent Bignon | |
| 发表日期 | 2012-06-17 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | This paper develops a new insight enabling the empirical study of media capture: minority shareholders of newspapers and readers face similar risks. Both are adversely affected when corrupt insiders use the newspaper for personal profit and receive invisible revenues. This means that relevant data on influence and exploitation of newspaper has been hiding in plain sight in stock exchange or over-the-counter prices, since stock transactions reflect the value of this capture. Empirical data is consistent with increasing levels of looting in France during the 1930s. We provide a comparison with Britain and argue that Britain managed to protect its newspapers better. |
| 主题 | International Macroeconomics |
| 关键词 | Control premium Corruption France Governance Interwar Media Minority shareholders |
| URL | https://cepr.org/publications/dp9014 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537849 |
| 推荐引用方式 GB/T 7714 | Marc Flandreau,Vincent Bignon. DP9014 The Price of Media Capture and the Looting of Newspapers in Interwar France. 2012. |
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