| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15260 |
| DP15260 Media Capture by Banks | |
| Ruben Durante; Andrea Fabiani; Luc Laeven; José-Luis Peydró | |
| 发表日期 | 2022-04-03 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | Do media slant news in favor of the banks they borrow from? We study how lending connections affect news coverage of banks’ earnings reports and of the Eurozone sovereign debt crisis on major newspapers from several European countries. We find that newspapers cover announcements by their lenders - relative to those of other banks - significantly more when they report profits than when they report losses. Such pro-lender bias is stronger for more leveraged outlets and banks, and operates on the extensive margin for general-interest newspapers and on the intensive margin for financial newspapers. Regarding the Eurozone crisis we find that newspapers connected to banks more exposed to stressed sovereign bonds are more likely to promote a narrative of the crisis favorable to banks and to oppose debt-restructuring measures detrimental to creditors. Our findings support the concern that financial distress and increased dependence on creditors may undermine media companies' editorial independence. |
| 主题 | Public Economics |
| 关键词 | Media bias Banks Newspapers Earnings reports Eurozone crisis |
| URL | https://cepr.org/publications/dp15260-2 |
| 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/546165 |
| 推荐引用方式 GB/T 7714 | Ruben Durante,Andrea Fabiani,Luc Laeven,et al. DP15260 Media Capture by Banks. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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