| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9192 |
| DP9192 Media slant against foreign owners: Downsizing | |
| Guido Friebel; Matthias Heinz | |
| 发表日期 | 2012-10-28 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | We establish the existence of strong media slant against foreign owners. Using a unique data set from nation-wide distributed quality newspapers in Germany, we find that a foreign firm that downsizes in Germany receives almost twice as much attention than a domestic firm. This quantitative slant is accompanied by qualitative slant; newspapers report in a more negative way about downsizing foreign than domestic firms. The slant is present in all quality newspapers, but it increases from right to left in the political spectrum. This is consistent with theory papers arguing that slant is an equilibrium phenomenon. The slant we document is a clean measure for economic xenophobia; however, not geared against migrants, but against foreign owners. The slant can be a substantial obstacle to FDI, as illustrated by case studies. Our results are likely to be a lower bound estimate, because Germans are rather globalization-friendly and we are looking at quality papers, not tabloids. |
| 主题 | Industrial Organization |
| 关键词 | Globalization Media economics Economic xenophobia Multi-national enterprises Foreign direct investment |
| URL | https://cepr.org/publications/dp9192 |
| 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/538027 |
| 推荐引用方式 GB/T 7714 | Guido Friebel,Matthias Heinz. DP9192 Media slant against foreign owners: Downsizing. 2012. |
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