G2TT
来源类型Discussion paper
规范类型论文
来源IDDP15260
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
URLhttps://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.
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