Media Bias in Financial Newspapers: Evidence from Early 20th Century France
Author
Abstract
Suggested Citation
Note: View the original document on HAL open archive server: https://hal.science/hal-04140891
Download full text from publisher
Other versions of this item:
- Vincent Bignon & Antonio Miscio, 2009. "Media Bias in Financial Newspapers: Evidence from Early 20th Century France," EconomiX Working Papers 2009-4, University of Paris Nanterre, EconomiX.
References listed on IDEAS
- Marc Flandreau & Carl-Ludwig Holtfrerich & Harold Douglas James, 2003.
"International Financial History in the Twentieth Century : System and Anarchy,"
SciencePo Working papers Main
hal-03416725, HAL.
- Marc Flandreau & Carl-Ludwig Holtfrerich & Harold Douglas James, 2003. "International Financial History in the Twentieth Century : System and Anarchy," Post-Print hal-03416725, HAL.
- Marc Flandreau & Christophe Galimard & Clemens Jobst & Pilar Nogués-Marco, 2009.
"Monetary geography before the Industrial Revolution,"
Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 2(2), pages 149-171.
- Flandreau, Marc & Jobst, Clemens & Nogues-Marco, Pilar & Galimard, Christophe, 2009. "Monetary Geography Before the Industrial Revolution," CEPR Discussion Papers 7169, C.E.P.R. Discussion Papers.
- Jean‐Charles Rochet & Jean Tirole, 2006.
"Two‐sided markets: a progress report,"
RAND Journal of Economics, RAND Corporation, vol. 37(3), pages 645-667, September.
- Rochet, Jean-Charles & Tirole, Jean, 2005. "Two-Sided Markets : A Progress Report," IDEI Working Papers 275, Institut d'Économie Industrielle (IDEI), Toulouse.
- Jean Tirole & Jean-Charles Rochet, 2006. "Two-Sided Markets : A Progress Report," Post-Print hal-00173715, HAL.
- John Mcmillan & Pablo Zoido, 2004.
"How to Subvert Democracy: Montesinos in Peru,"
Journal of Economic Perspectives, American Economic Association, vol. 18(4), pages 69-92, Fall.
- John McMillan & Pablo Zoido, 2004. "How to Subvert Democracy: Montesinos in Peru," Discussion Papers 03-030, Stanford Institute for Economic Policy Research.
- John McMillan & Pablo Zoido, 2004. "How to Subvert Democracy: Montesinos in Peru," CESifo Working Paper Series 1173, CESifo.
- McMillan, John & Zoido, Paolo, 2004. "How to Subvert Democracy: Montesinos in Peru," CEPR Discussion Papers 4361, C.E.P.R. Discussion Papers.
- McMillan, John & Zoido, Pablo, 2004. "How to Subvert Democracy: Montesinos in Peru," Research Papers 1851r, Stanford University, Graduate School of Business.
- repec:bla:jfinan:v:59:y:2004:i:2:p:537-600 is not listed on IDEAS
- Edward L. Glaeser & Claudia Goldin, 2006. "Corruption and Reform: Lessons from America's Economic History," NBER Books, National Bureau of Economic Research, Inc, number glae06-1.
- Matthew Gentzkow & Jesse M. Shapiro, 2006.
"Media Bias and Reputation,"
Journal of Political Economy, University of Chicago Press, vol. 114(2), pages 280-316, April.
- Matthew Gentzkow & Jesse Shapiro, 2005. "Media Bias and Reputation," NBER Working Papers 11664, National Bureau of Economic Research, Inc.
- Rui Pedro Esteves, 2007. "Quis custodiet quem? Sovereign Debt and Bondholders` Protection Before 1914," Economics Series Working Papers 323, University of Oxford, Department of Economics.
- Cameron, A Colin & Trivedi, Pravin K, 1986.
"Econometric Models Based on Count Data: Comparisons and Applications of Some Estimators and Tests,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 1(1), pages 29-53, January.
- A. Colin Cameron & Pravin K. Trivedi, 1986. "Econometric models based on count data. Comparisons and applications of some estimators and tests," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 1(1), pages 29-53, January.
- Laura L. Veldkamp, 2006.
"Media Frenzies in Markets for Financial Information,"
American Economic Review, American Economic Association, vol. 96(3), pages 577-601, June.
- Laura Veldkamp, 2003. "Media Frenzies in Markets for Financial Information," Working Papers 03-20, New York University, Leonard N. Stern School of Business, Department of Economics.
- Laura Veldkamp, 2004. "Media Frenzies in Markets for Financial Information," Econometric Society 2004 North American Winter Meetings 4, Econometric Society.
- Timothy Besley & Andrea Prat, 2006.
"Handcuffs for the Grabbing Hand? Media Capture and Government Accountability,"
American Economic Review, American Economic Association, vol. 96(3), pages 720-736, June.
- Besley, Tim & Prat, Andrea, 2002. "Handcuffs for the Grabbing Hand? Media Capture and Government Accountability," CEPR Discussion Papers 3132, C.E.P.R. Discussion Papers.
- Timothy Besley & Andrea Prat, 2005. "Handcuffs for the Grabbing Hand? Media Capture and Government Accountability," STICERD - Political Economy and Public Policy Paper Series 07, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- Alexander Dyck & Luigi Zingales, 2002.
"The Corporate Governance Role of the Media,"
NBER Working Papers
9309, National Bureau of Economic Research, Inc.
- Zingales, Luigi & Dyck, Alexander, 2002. "The Corporate Governance Role of the Media," CEPR Discussion Papers 3630, C.E.P.R. Discussion Papers.
- Bordo, Michael D. & Murshid, Antu Panini, 2006.
"Globalization and changing patterns in the international transmission of shocks in financial markets,"
Journal of International Money and Finance, Elsevier, vol. 25(4), pages 655-674, June.
- Michael D. Bordo & Antu Panini Murshid, 2002. "Globalization and Changing Patterns in the International Transmission of Shocks in Financial Markets," NBER Working Papers 9019, National Bureau of Economic Research, Inc.
- Merton, Robert C, 1987.
"A Simple Model of Capital Market Equilibrium with Incomplete Information,"
Journal of Finance, American Finance Association, vol. 42(3), pages 483-510, July.
- Merton, Robert C., 1987. "A simple model of capital market equilibrium with incomplete information," Working papers 1869-87., Massachusetts Institute of Technology (MIT), Sloan School of Management.
- Rajan, Raghuram G. & Zingales, Luigi, 2003. "The great reversals: the politics of financial development in the twentieth century," Journal of Financial Economics, Elsevier, vol. 69(1), pages 5-50, July.
- Tim Groseclose & Jeffrey Milyo, 2005.
"A Measure of Media Bias,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 120(4), pages 1191-1237.
- Jeffrey Milyo & Tim Groseclose, 2005. "A Measure of Media Bias," Working Papers 0501, Department of Economics, University of Missouri, revised 25 Aug 2005.
- Baron, David P., 2006. "Persistent media bias," Journal of Public Economics, Elsevier, vol. 90(1-2), pages 1-36, January.
- Jonathan Reuter & Eric Zitzewitz, 2006.
"Do Ads Influence Editors? Advertising and Bias in the Financial Media,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 121(1), pages 197-227.
- Jonathan Reuter & Eric Zitzewitz, 2005. "Do Ads Influence Editors? Advertising and Bias in the Financial Media," Finance 0501003, University Library of Munich, Germany.
- Gur Huberman & Tomer Regev, 2001. "Contagious Speculation and a Cure for Cancer: A Nonevent that Made Stock Prices Soar," Journal of Finance, American Finance Association, vol. 56(1), pages 387-396, February.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Campbell, Gareth & Turner, John D. & Walker, Clive B., 2012. "The role of the media in a bubble," Explorations in Economic History, Elsevier, vol. 49(4), pages 461-481.
- Gambaro, Marco & Puglisi, Riccardo, 2015.
"What do ads buy? Daily coverage of listed companies on the Italian press,"
European Journal of Political Economy, Elsevier, vol. 39(C), pages 41-57.
- Marco GAMBARO & Riccardo PUGLISI, 2009. "What do ads buy? Daily coverage of listed companies on the Italian press," Departmental Working Papers 2009-36, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
- Marco Gambaro and Riccardo Puglisi, 2010. "What Do Ads Buy? Daily Coverage of Listed Companies on the Italian Press," RSCAS Working Papers 2010/26, European University Institute.
- Bignon, Vincent & Flandreau, Marc, 2011.
"The Economics of Badmouthing: Libel Law and the Underworld of the Financial Press in France Before World War I,"
The Journal of Economic History, Cambridge University Press, vol. 71(3), pages 616-653, September.
- Vincent Bignon & Marc Flandreau, 2010. "The Economics of Badmouthing: Libel Law and the Underworld of the Financial Press in France before World War I," Working Papers hal-04140910, HAL.
- Vincent Bignon & Marc Flandreau, 2010. "The Economics of Badmouthing: Libel Law and the Underworld of the Financial Press in France before World War I," EconomiX Working Papers 2010-18, University of Paris Nanterre, EconomiX.
- Vincent Bignon & Marc Flandreau, 2010. "The Economics of Badmouthing: Libel Law and the Underworld of the Financial Press in France before World War I," IHEID Working Papers 15-2010, Economics Section, The Graduate Institute of International Studies.
- Liu, Sha & Han, Jingguang, 2020. "Media tone and expected stock returns," International Review of Financial Analysis, Elsevier, vol. 70(C).
- Bignon, Vincent & Flandreau, Marc, 2014.
"The Price of Media Capture and the Debasement of the French Newspaper Industry During the Interwar,"
The Journal of Economic History, Cambridge University Press, vol. 74(3), pages 799-830, September.
- Vincent Bignon & Marc Flandreau, 2012. "The Price of Media Capture and the Looting of Newspapers in Interwar France," IHEID Working Papers 09-2012, Economics Section, The Graduate Institute of International Studies.
- Bakker, Gerben, 2014. "How they made news pay: news traders’ quest for crisis-resistant business models," Economic History Working Papers 59304, London School of Economics and Political Science, Department of Economic History.
- Vincent Bignon & Marc Flandreau, 2012.
"The Price of Media Capture and the Looting of Newspapers in Interwar France,"
IHEID Working Papers
09-2012, Economics Section, The Graduate Institute of International Studies.
- Flandreau, Marc & Bignon, Vincent, 2012. "The Price of Media Capture and the Looting of Newspapers in Interwar France," CEPR Discussion Papers 9014, C.E.P.R. Discussion Papers.
- Sendhil Mullainathan & Andrei Shleifer, 2005.
"The Market for News,"
American Economic Review, American Economic Association, vol. 95(4), pages 1031-1053, September.
- Sendhil Mullainathan & Andrei Shleifer, 2002. "Media Bias," NBER Working Papers 9295, National Bureau of Economic Research, Inc.
- Mullainathan, Sendhil & Shleifer, Andrei, 2005. "The Market for News," Scholarly Articles 33078973, Harvard University Department of Economics.
- Louis-Sidois, Charles & Mougin, Elisa, 2023. "Silence the media or the story? Theory and evidence of media capture," European Economic Review, Elsevier, vol. 158(C).
- John D Turner & Qing Ye & Clive B Walker, 2018.
"Media Coverage and Stock Returns on the London Stock Exchange, 1825–70,"
Review of Finance, European Finance Association, vol. 22(4), pages 1605-1629.
- Turner, John D. & Ye, Qing & Walker, Clive B., 2016. "Media coverage and stock returns on the London Stock Exchange, 1825-70," QUCEH Working Paper Series 2016-02, Queen's University Belfast, Queen's University Centre for Economic History.
- Balmer, Roberto, 2013. "Entry and Competition in Local Newspaper Retail Markets - When two are enough," MPRA Paper 54079, University Library of Munich, Germany.
- Pandey, Dharen Kumar & Lucey, Brian M. & Kumar, Satish, 2023. "Border disputes, conflicts, war, and financial markets research: A systematic review," Research in International Business and Finance, Elsevier, vol. 65(C).
- Cécile EDLINGER & Maxime MERLI & Antoine PARENT, 2018. "Financial Diversification before WW1 : A Risk/Return Analysis of Portfolio’s Advice of French Financial Analyst Alfred Neymarck," Working Papers of LaRGE Research Center 2018-03, Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg.
- Hanna, Alan J. & Turner, John D. & Walker, Clive B., 2017. "News media and investor sentiment over the long run," QUCEH Working Paper Series 2017-06, Queen's University Belfast, Queen's University Centre for Economic History.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Petrova, Maria, 2012.
"Mass media and special interest groups,"
Journal of Economic Behavior & Organization, Elsevier, vol. 84(1), pages 17-38.
- Maria Petrova, 2010. "Mass Media and Special Interest Groups," Working Papers w0144, Center for Economic and Financial Research (CEFIR).
- Maria Petrova, 2010. "Mass Media and Special Interest Groups," Working Papers w0144, New Economic School (NES).
- Ruben Durante & Brian Knight, 2012.
"Partisan Control, Media Bias, And Viewer Responses: Evidence From Berlusconi'S Italy,"
Journal of the European Economic Association, European Economic Association, vol. 10(3), pages 451-481, May.
- Ruben Durante & Brian Knight, 2009. "Partisan Control, Media Bias, and Viewer Responses: Evidence from Berlusconi's Italy," NBER Working Papers 14762, National Bureau of Economic Research, Inc.
- Ruben Durante & Brian Knight, 2012. "Partisan Control, Media Bias, and Viewer Responses: Evidence from Berlusconi’s Italy," SciencePo Working papers Main hal-03600693, HAL.
- Ruben Durante & Brian Knight, 2012. "Partisan Control, Media Bias, and Viewer Responses: Evidence from Berlusconi’s Italy," Post-Print hal-03600693, HAL.
- Petrova, Maria, 2011.
"Newspapers and Parties: How Advertising Revenues Created an Independent Press,"
American Political Science Review, Cambridge University Press, vol. 105(4), pages 790-808, November.
- Maria Petrova, 2009. "Newspapers and Parties: How Advertising Revenues Created an Independent Press," Working Papers w0131, Center for Economic and Financial Research (CEFIR).
- Maria Petrova, 2009. "Newspapers and Parties: How Advertising Revenues Created an Independent Press," Working Papers w0131, New Economic School (NES).
- Hossain, Md Miran & Javakhadze, David, 2020. "Corporate media connections and merger outcomes," Journal of Corporate Finance, Elsevier, vol. 65(C).
- Baloria, Vishal P. & Heese, Jonas, 2018. "The effects of media slant on firm behavior," Journal of Financial Economics, Elsevier, vol. 129(1), pages 184-202.
- Garcia Pires, Armando J., 2014. "Media diversity, advertising, and adaptation of news to readers’ political preferences," Information Economics and Policy, Elsevier, vol. 28(C), pages 28-38.
- Bignon, Vincent & Flandreau, Marc, 2011.
"The Economics of Badmouthing: Libel Law and the Underworld of the Financial Press in France Before World War I,"
The Journal of Economic History, Cambridge University Press, vol. 71(3), pages 616-653, September.
- Vincent Bignon & Marc Flandreau, 2010. "The Economics of Badmouthing: Libel Law and the Underworld of the Financial Press in France before World War I," Working Papers hal-04140910, HAL.
- Vincent Bignon & Marc Flandreau, 2010. "The Economics of Badmouthing: Libel Law and the Underworld of the Financial Press in France before World War I," EconomiX Working Papers 2010-18, University of Paris Nanterre, EconomiX.
- Vincent Bignon & Marc Flandreau, 2010. "The Economics of Badmouthing: Libel Law and the Underworld of the Financial Press in France before World War I," IHEID Working Papers 15-2010, Economics Section, The Graduate Institute of International Studies.
- John Duggan & César Martinelli, 2008.
"The Role of Media Slant in Elections and Economics,"
Wallis Working Papers
WP54, University of Rochester - Wallis Institute of Political Economy.
- John Duggan & Cesar Martinelli, 2008. "The Role of Media Slant in Elections and Economics," Working Papers 0802, Centro de Investigacion Economica, ITAM.
- Rafael Di Tella & Ignacio Franceschelli, 2011.
"Government Advertising and Media Coverage of Corruption Scandals,"
American Economic Journal: Applied Economics, American Economic Association, vol. 3(4), pages 119-151, October.
- Rafael Di Tella & Ignacio Franceschelli, 2009. "Government Advertising and Media Coverage of Corruption Scandals," NBER Working Papers 15402, National Bureau of Economic Research, Inc.
- Friebel, Guido & Heinz, Matthias, 2014.
"Media slant against foreign owners: Downsizing,"
Journal of Public Economics, Elsevier, vol. 120(C), pages 97-106.
- Friebel, Guido & Heinz, Matthias, 2012. "Media Slant Against Foreign Owners: Downsizing," IZA Discussion Papers 6859, Institute of Labor Economics (IZA).
- Friebel, Guido & Heinz, Matthias, 2012. "Media slant against foreign owners: Downsizing," CEPR Discussion Papers 9192, C.E.P.R. Discussion Papers.
- Alejandro Castañeda & César Martinelli, 2018. "Politics, entertainment and business: a multisided model of media," Public Choice, Springer, vol. 174(3), pages 239-256, March.
- Maria Battaggion & Alessandro Vaglio, 2015. "Watchdogs, Platforms and Audience: An Economic Perspective on Media Markets," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 43(2), pages 209-228, June.
- Adam Szeidl & Ferenc Szucs, 2021.
"Media Capture Through Favor Exchange,"
Econometrica, Econometric Society, vol. 89(1), pages 281-310, January.
- Szeidl, Adam & Szucs, Ferenc, 2017. "Media Capture through Favor Exchange," CEPR Discussion Papers 11875, C.E.P.R. Discussion Papers.
- Gambaro, Marco & Puglisi, Riccardo, 2015.
"What do ads buy? Daily coverage of listed companies on the Italian press,"
European Journal of Political Economy, Elsevier, vol. 39(C), pages 41-57.
- Marco GAMBARO & Riccardo PUGLISI, 2009. "What do ads buy? Daily coverage of listed companies on the Italian press," Departmental Working Papers 2009-36, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
- Marco Gambaro and Riccardo Puglisi, 2010. "What Do Ads Buy? Daily Coverage of Listed Companies on the Italian Press," RSCAS Working Papers 2010/26, European University Institute.
- Vincent Bignon & Marc Flandreau, 2012.
"The Price of Media Capture and the Looting of Newspapers in Interwar France,"
IHEID Working Papers
09-2012, Economics Section, The Graduate Institute of International Studies.
- Flandreau, Marc & Bignon, Vincent, 2012. "The Price of Media Capture and the Looting of Newspapers in Interwar France," CEPR Discussion Papers 9014, C.E.P.R. Discussion Papers.
- Bang Dang Nguyen, 2015. "Is More News Good News? Media Coverage of CEOs, Firm Value, and Rent Extraction," Quarterly Journal of Finance (QJF), World Scientific Publishing Co. Pte. Ltd., vol. 5(04), pages 1-38, December.
- Julia Cagé, 2014.
"Media Competition, Information Provision and Political Participation,"
SciencePo Working papers Main
hal-03602440, HAL.
- Julia Cagé, 2014. "Media Competition, Information Provision and Political Participation," Working Papers hal-03602440, HAL.
- Andrea Prat, 2018.
"Media Power,"
Journal of Political Economy, University of Chicago Press, vol. 126(4), pages 1747-1783.
- Prat, Andrea, 2014. "Media Power," CEPR Discussion Papers 10094, C.E.P.R. Discussion Papers.
- Ozerturk, Saltuk, 2022. "Media access, bias and public opinion," European Economic Review, Elsevier, vol. 147(C).
- repec:spo:wpmain:info:hdl:2441/16juu6v6rg8rq8nl0u1grb4jm6 is not listed on IDEAS
- Piolatto, Amedeo & Schuett, Florian, 2015.
"Media competition and electoral politics,"
Journal of Public Economics, Elsevier, vol. 130(C), pages 80-93.
- Piolatto, A. & Schuett, F., 2013. "Media Competition and Electoral Politics," Other publications TiSEM f564dc8d-b328-4ba0-a2b0-f, Tilburg University, School of Economics and Management.
- Florian Schuett & Amedeo Piolatto, 2014. "Media competition and electoral politics," Working Papers. Serie AD 2014-03, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Amedeo Piolatto & Florian Schuett, 2014. "Media competition and electoral politics," Working Papers 2014/14, Institut d'Economia de Barcelona (IEB).
- Piolatto, A. & Schuett, F., 2013. "Media Competition and Electoral Politics," Discussion Paper 2013-072, Tilburg University, Center for Economic Research.
More about this item
Keywords
Media coverage; financial newspapers; media bias; information on the financial market;All these keywords.
JEL classification:
- G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
- L15 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Information and Product Quality
- O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
- N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:wpaper:hal-04140891. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.