Ownership Ties, Conflict of Interest, and the Tone of News
Informazioni aggiuntive
Autori
Raimondo C.,
Bajo E.,
Bigelli M.
Tipo
Articolo pubblicato in rivista scientifica
Anno
in uscita
Lingua
Inglese
Sommario
This paper investigates the tone newspapers use in reporting information on a company that it is linked with through an ownership tie. Our empirical setting is Italy, a country characterized by dominant national industrial groups’ high ownership of newspapers. Based on a sample of about 123,000 articles, we document that newspapers’ coverage of firms in conflict of interest is greater, with significantly fewer negative and uncertain words. We also document that the slant increases with ownership stakes and decreases with the newspaper's reputation.
Parole chiave
conflict of interest, media, ownership structure
Periodico
European Financial Management
Pagine (o numero dell’articolo)
1-19
