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Media pluralism: What matters for governance and regulation? 媒体多元化:什么对治理和监管至关重要?
IF 0.3 4区 经济学 Q4 COMMUNICATION Pub Date : 2017-04-03 DOI: 10.1080/08997764.2017.1364257
H. Allen, S. Connolly, Shaun P. Hargreaves Heap
ABSTRACT Media pluralism is valued in most jurisdictions because it contributes to a well-informed citizenry. The authors examine what media policy and regulatory levers appear to affect five types of citizen knowledge across the European Union. They conclude that concentration of titles matters more than ownership in newsprint; and that neither type of concentration matters in broadcasting in the same way, but the regulatory regime for public service broadcasting does, particularly for political knowledge.
媒体多元化在大多数司法管辖区受到重视,因为它有助于使公民获得良好的信息。作者研究了媒体政策和监管杠杆对欧盟五种公民知识的影响。他们的结论是,报纸标题的集中比报纸所有权更重要;这两种集中对广播的影响都不一样,但对公共服务广播的监管制度,尤其是对政治知识。
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引用次数: 2
Information Asymmetry and Investor Reaction to Corporate Crisis: Media Reputation as a Stock Market Signal 信息不对称与投资者对公司危机的反应:媒体声誉作为股市信号
IF 0.3 4区 经济学 Q4 COMMUNICATION Pub Date : 2017-04-03 DOI: 10.1080/08997764.2017.1364256
Z. Ouyang, Jia Xu, Jiuchang Wei, Yang Liu
ABSTRACT Information asymmetry between corporate management and investors creates a context in which corporate reputation conveyed in the media may serve as a valid signal of firm quality to investors in times of corporate crisis. Results confirmed our hypothesis that corporate media reputation was positively correlated with postcrisis stock return. Furthermore, the positive effect of media reputation of a firm on stock market response to the crisis was enhanced by media visibility. Our findings supported a previously unexplored view of the media as information intermediaries in signaling and suggested that a favorable media reputation as an important signal of firm quality leads to high abnormal returns in times of corporate crisis.
企业管理层和投资者之间的信息不对称造成了这样一种情况:在企业危机时期,媒体传达的企业声誉可能会成为投资者了解企业质量的有效信号。结果证实了我们的假设,即企业媒体声誉与危机后股票收益呈正相关。此外,企业的媒体声誉对股市危机反应的正面影响被媒体知名度所增强。我们的研究结果支持了先前未被探索的媒体作为信息中介的观点,并表明良好的媒体声誉是企业质量的重要信号,在企业危机时期会导致高异常回报。
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引用次数: 25
Media Freedom and Social Capital 媒体自由与社会资本
IF 0.3 4区 经济学 Q4 COMMUNICATION Pub Date : 2017-01-02 DOI: 10.1080/08997764.2017.1282492
Sanghoon Lee
ABSTRACT This article examines the relationship between media freedom and social capital by using cross-country panel data. The hypothesis of the current study is the U-shaped relationship between media freedom and social capital, which is based on the claims that media freedom has a negative impact on bonding social capital and a positive effect on bridging social capital. To test the hypothesis, this study uses OLS and 2SLS regression methods, as well as panel data random effects regression. The empirical findings support the hypothesis of the U-shaped relationship.
摘要本文采用跨国面板数据,考察了媒体自由与社会资本之间的关系。本研究的假设是媒体自由与社会资本之间的u型关系,这是基于媒体自由对结合社会资本有负向影响,对桥接社会资本有正向影响的观点。为了检验假设,本研究采用OLS和2SLS回归方法,以及面板数据随机效应回归。实证结果支持u型关系假说。
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引用次数: 7
Relationships between Media Freedom and Social Capital, Evaluating Newspaper Responses to Internet Competition, and Audience Demand for Television Broadcasts of International Football Games 媒体自由与社会资本的关系,评估报纸对互联网竞争的反应,以及观众对国际足球比赛电视转播的需求
IF 0.3 4区 经济学 Q4 COMMUNICATION Pub Date : 2017-01-02 DOI: 10.1080/08997764.2017.1287511
H. Martin, Adam D. Rennhoff
The fi rst article in this issue fi nds a U-shaped relationship between media freedom and social capital. This suggests media freedom is associated with open societies where social and economic interactions involve heterogenous groups. Closed societies where interactions involve homogenous groups are not associated with media freedom. The second article examines di ff erentiation strategies used by newspapers to respond to Internet competition. The article concludes these strategies have failed. The third article examines how uncertainty about the outcome of an international football game a ff ects audience demand. Game outcome uncertainty in fl uences demand for international friendly games, but not for qualifying and tournament games. The fi rst article is “ Media Freedom and Social Capital ” by Sanghoon Lee. This study examines relationships between social capital and media freedom in a sample of 197 countries. Social capital exists when membership in a group or network creates a credential that allows members to participate in and bene fi t from the network. Social capital can also be identi fi ed by norms that members of a group practice such as reciprocity and trust. Social capital can improve the exchange of economically important information, builds social cohesion, and provide social support for group members. Media freedom can also improve “ the free fl ow of ideas and access to information and knowledge ” (p. 4) which can aid economic development. This may be the fi rst study to examine direct relationships between social capital and media freedom. The study uses a cross-sectional and a random e ff ects panel analysis. Two types of social capital are examined. Bonding social capital is created by ties between members of a network with similar characteristics, such as an ethnic fraternal organization. Bridging social capital is created by interactions between heterogenous groups with looser ties than the ties in bonding social capital. Membership in ecumenical religious organizations is an example of bridging social capital. Media freedom is a function of the legal and political media environment, measured by indicators devel-oped by media groups and citizens ’ perceptions of their ability to select their government and freely express themselves. The analysis fi nds a U-shaped relationship between media freedom and social capital.
本期第一篇文章发现媒体自由与社会资本之间呈u型关系。这表明,媒体自由与开放社会有关,在开放社会中,社会和经济互动涉及异质群体。在封闭的社会中,同质群体之间的互动与媒体自由无关。第二篇文章考察了报纸为应对互联网竞争而采用的差异化策略。文章的结论是,这些策略都失败了。第三篇文章考察了国际足球比赛结果的不确定性如何影响观众的需求。比赛结果的不确定性影响国际友谊赛的需求,但不影响预选赛和锦标赛的需求。第一篇文章是李尚勋的《媒体自由与社会资本》。本研究以197个国家为样本,考察社会资本与媒体自由之间的关系。当一个群体或网络中的成员创造了一种证书,允许成员参与并从网络中受益时,社会资本就存在了。社会资本也可以通过群体成员实践的规范来确定,例如互惠和信任。社会资本可以促进重要经济信息的交换,建立社会凝聚力,为群体成员提供社会支持。媒体自由还可以改善“思想的自由流动和获取信息和知识的机会”(第4页),这有助于经济发展。这可能是第一个检验社会资本和媒体自由之间直接关系的研究。该研究采用了横断面和随机效应面板分析。本文考察了两种类型的社会资本。结合性社会资本是由具有相似特征的网络成员之间的联系创造的,例如种族兄弟组织。桥接性社会资本是由异质群体之间的相互作用产生的,这些群体之间的联系比粘合性社会资本中的联系更松散。基督教宗教组织的成员资格是连接社会资本的一个例子。媒体自由是法律和政治媒体环境的一个功能,通过媒体集团制定的指标和公民对他们选择政府和自由表达自己能力的看法来衡量。分析发现,媒体自由与社会资本之间呈u型关系。
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引用次数: 0
Evaluating Strategic Approaches to Competitive Displacement: The Case of the U.S. Newspaper Industry 竞争转移战略方法的评估——以美国报业为例
IF 0.3 4区 经济学 Q4 COMMUNICATION Pub Date : 2017-01-02 DOI: 10.1080/08997764.2017.1281817
B. Mierzejewska, Dobin Yim, Philip M. Napoli, H. Lucas, A. Al-Hasan
ABSTRACT The concept of competitive displacement is central to theories of media evolution, and the threat that the Internet has posed to printed newspapers provides an ongoing case study on the topic. In particular, this situation offers an opportunity to examine the strategic efforts of print newspapers to prevent competitive displacement, as well as the effectiveness of these strategies. This article addresses these issues through an analysis of a unique data set, constructed from 20 years of newspaper circulation data, as well as data on local market characteristics, newspaper staffing and content variety, and state-level Internet penetration. Specifically, this article examines whether, and to what extent, these competitive strategies impacted local print newspaper circulation trends over this 20-year time period. This analysis focuses on the following strategic responses: (a) newspapers’ launching of online versions (a diversification strategy within the language of media evolution literature); and (b) newspapers’ efforts to cover a greater variety of subject areas, as measured by the number of editors and special editorial sections produced. (The authors characterize these as a “mimicking” strategy from media evolution literature, as this strategy essentially represents an effort to simulate the much greater content variety that readers can find online). This article examines the relationships between these circulation, strategic, and Internet penetration variables over a 20-year time period, while also taking into account relevant characteristics of local newspaper markets.
竞争性取代的概念是媒体进化理论的核心,互联网对印刷报纸构成的威胁为这一主题提供了一个正在进行的案例研究。特别是,这种情况提供了一个机会来审查印刷报纸为防止竞争性流离失所所做的战略努力,以及这些战略的有效性。本文通过分析一个独特的数据集来解决这些问题,该数据集由20年的报纸发行量数据、当地市场特征、报纸人员配置和内容多样性以及国家互联网普及率数据构建而成。具体而言,本文考察了在这20年的时间里,这些竞争策略是否以及在多大程度上影响了当地印刷报纸的发行趋势。这一分析侧重于以下战略回应:(a)报纸推出在线版本(媒体进化文学语言中的多元化战略);以及(b)报纸努力报道更多种类的主题领域,这是以编辑和制作的特别编辑部分的数量来衡量的。(作者将其描述为媒体进化文献中的“模仿”策略,因为这种策略本质上代表了模拟读者在网上可以找到的更丰富内容的努力)。本文考察了20年来这些发行量、战略和互联网渗透变量之间的关系,同时也考虑到了当地报纸市场的相关特征。
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引用次数: 15
Game Outcome Uncertainty and the Demand for International Football Games: Evidence From the German TV Market 比赛结果的不确定性与国际足球比赛的需求:来自德国电视市场的证据
IF 0.3 4区 经济学 Q4 COMMUNICATION Pub Date : 2017-01-02 DOI: 10.1080/08997764.2017.1281818
Dominik Schreyer, Sascha L. Schmidt, B. Torgler
ABSTRACT This article adopts a comprehensive 2-step approach to dissolve recent confusion regarding the role of game outcome uncertainty in the TV demand for international team sports. Analyzing the German TV demand for 457 international football games broadcasted during 6 Fédération Internationale de Football Association World Cups and 5 Union des Associations Européennes de Football European Championships and 287 international games played by the Germany national football team, this study reveals that solely the demand for friendly games is affected by increasing uncertainty regarding the expected game outcomes.
摘要本文采用了一种全面的两步方法来解决最近关于比赛结果不确定性在国际团队体育电视需求中的作用的困惑。分析了德国对6届国际足球协会世界杯和5届欧洲足球协会联盟欧洲锦标赛期间播出的457场国际足球比赛和德国国家足球队287场国际比赛的电视需求,这项研究表明,对友谊赛的需求只会受到预期比赛结果不确定性增加的影响。
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引用次数: 18
Profitably Bundling Information Goods: Evidence From the Evolving Video Library of Netflix 盈利捆绑信息产品:来自Netflix视频库的证据
IF 0.3 4区 经济学 Q4 COMMUNICATION Pub Date : 2016-12-13 DOI: 10.1080/08997764.2017.1375507
R. S. Hiller
ABSTRACT Using a unique dataset of the Netflix video on demand library, this article measures the characteristics of information goods important when employing a strategic bundling strategy. By matching the titles entering and exiting the library to their relevant properties, I use a characteristic approach to determine when the value to Netflix of adding a title exceeds the licensing fee and when the displacement effect associated with presence in the library dictates that the title will not be offered. Results show that titles of median commercial success are bundled more frequently than the most and least successful, and the number of similar films exiting the library is important to how likely a film is to enter, indicating strategic bundling. These results are generalizable to the streaming video industry and any information goods with rapidly diminishing marginal utility.
利用Netflix视频点播库的独特数据集,本文测量了采用战略捆绑策略时重要信息商品的特征。通过将进入和退出库的标题与其相关属性进行匹配,我使用了一种特征方法来确定添加标题对Netflix的价值何时超过许可费用,以及与库中存在相关的置换效应何时决定不提供该标题。结果显示,在商业上取得中等成功的电影比最成功和最不成功的电影捆绑的频率更高,而退出图书馆的类似电影的数量对电影进入的可能性很重要,这表明了战略捆绑。这些结果可以推广到流媒体视频行业和任何边际效用迅速递减的信息产品。
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引用次数: 21
Promotional effects and the determination of royalty rates for music 促销效果和音乐版税的确定
IF 0.3 4区 经济学 Q4 COMMUNICATION Pub Date : 2016-11-01 DOI: 10.1080/08997764.2020.1754227
T. Beard, George S. Ford, Michael L. Stern
ABSTRACT When a terrestrial radio station plays a song during its over-the-air broadcast, the artists and their record labels receive no compensation for the sound recording right. Yet radio’s digital competitors – including streaming services and satellite radio – do pay performance royalties to performers and their labels for the sound recording. Terrestrial radio’s cost-advantage is not the result of marketplace deals or competitive forces, but from a statutory preference granted to radio broadcasters. Legislation aimed at leveling the playing field has been strongly resisted by broadcasters based on the claim that radio provides a promotional effect, or free advertising, for record labels and performers. In this article, we demonstrate that any promotional effect is fully internalized in a marketplace bargain between the music and radio industries. As such, a promotional effect provides no basis for federal law to mandate the free use of music by the radio broadcast industry.
当地面广播电台在其无线广播中播放歌曲时,艺术家及其唱片公司不会因录音权而获得任何补偿。然而,广播的数字竞争对手——包括流媒体服务和卫星广播——确实向表演者及其唱片公司支付了演出版税。地面广播的成本优势不是市场交易或竞争力量的结果,而是来自于给予广播公司的法定优先权。旨在公平竞争环境的立法受到广播公司的强烈抵制,他们声称广播为唱片公司和表演者提供了一种促销效果或免费广告。在这篇文章中,我们证明了任何促销效果在音乐和广播行业之间的市场交易中都是完全内化的。因此,促销效果并没有为联邦法律强制广播行业免费使用音乐提供依据。
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引用次数: 0
The More You Know … The More You Enjoy? Applying ‘Consumption Capital Theory’ To Motion Picture Franchises 你知道的越多,你就越享受?“消费资本理论”在电影特许经营中的应用
IF 0.3 4区 经济学 Q4 COMMUNICATION Pub Date : 2016-10-01 DOI: 10.1080/08997764.2016.1244676
C. Opitz, Kay H. Hofmann
ABSTRACT In this article, we build on Stigler and Becker’s (1977) “consumption capital theory” and propose a novel conceptualization of film quality for the analysis of motion picture franchises. Generally, this theory predicts that the utility consumers derive from a particular good or service increases with prior consumption. We test our theoretical conjectures by drawing on the population of sequels that were running in the US between 1992 and 2011. The empirical results point to the explanatory power of the proposed framework. Film executives may use our findings to improve the profitability of their sequel productions. From a theoretical point of view, consumption capital theory allows for a more refined analysis of sequel performance along different dimensions. Moreover, it may provide a fruitful basis for the analysis of other serial media content, including books, TV, music, and games.
本文以斯蒂格勒和贝克尔(1977)的“消费资本理论”为基础,提出了一种新的电影质量概念,用于分析电影特许经营权。一般来说,该理论预测消费者从特定商品或服务中获得的效用随着先前的消费而增加。我们通过利用1992年至2011年间在美国上映的续集数量来检验我们的理论推测。实证结果表明了所提出的框架的解释力。电影公司的高管们可能会利用我们的发现来提高续集的盈利能力。从理论的角度来看,消费资本理论允许从不同的维度对续集的表现进行更精细的分析。此外,它还可以为分析其他串行媒体内容(包括书籍、电视、音乐和游戏)提供富有成效的基础。
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引用次数: 8
EoV EoV
IF 0.3 4区 经济学 Q4 COMMUNICATION Pub Date : 2016-10-01 DOI: 10.1080/08997764.2016.1238267
{"title":"EoV","authors":"","doi":"10.1080/08997764.2016.1238267","DOIUrl":"https://doi.org/10.1080/08997764.2016.1238267","url":null,"abstract":"","PeriodicalId":29945,"journal":{"name":"JOURNAL OF MEDIA ECONOMICS","volume":"29 1","pages":"ebi - ebi"},"PeriodicalIF":0.3,"publicationDate":"2016-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1080/08997764.2016.1238267","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"59573579","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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JOURNAL OF MEDIA ECONOMICS
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