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The representation of economic and financial crimes in the mass media can have a significant impact on readers’ and citizens’ perceptions of illegality and on a firm’s…
The representation of economic and financial crimes in the mass media can have a significant impact on readers’ and citizens’ perceptions of illegality and on a firm’s propensity to invest in different areas of the country in question. This paper aims to study the possible geographical media bias regarding tax evasion in Italy.
The empirical analysis considers 618 articles on tax evasion published between 2012 and 2016 in two top Italian newspapers, La Repubblica (based in Rome) and Il Corriere della Sera (based in Milan).
Excluding Insular Italy (Sicily and Sardinia), the articles on tax evasion in Southern Italy are systematically shorter. A further analysis shows that La Repubblica is largely responsible for this bias. This result holds after controlling for other events (bank robberies) and for the identity of journalists.
Previous studies considered the possible media bias regarding particularly dramatic criminal events, for example, terrorism acts or murders. This paper considers a less dramatic though more pervasive crime. In addition, an assessment of media attitude towards tax evasion is more complex, because the news reports both the crime and the successful actions that combat it.
The purpose of this paper is to study the empirical relationship between specialization, diversification and rate of survival in the digital publishing industry. The…
The purpose of this paper is to study the empirical relationship between specialization, diversification and rate of survival in the digital publishing industry. The sample includes all publishing companies in Italy that produce electronic content and distribute it through internet platforms.
The first part of the paper discusses the pros and cons of specialization against diversification, and applies the related economic theories to the digital publishing industry. The empirical work regarding the factors that affect firm survival is reviewed. The second part is empirical and analyzes the diversification strategies of 2,838 Italian digital editors between 1995 and 2014, and the impact of diversification on the probability of survival.
On the whole, digital publishing companies that are also active in traditional print activities have been constantly declining. However, those who combine print and digital activities or operate other mass media businesses have a higher probability of surviving in the market. These findings hold controlling for firm size and market structure, before and after the economic crisis exploded in 2009, in different geographical areas and by different legal forms of publishing companies.
As the industry often presents country-specific characteristics, the econometric analysis should also be integrated with case studies that highlight particular survival conditions.
The study provides mass media scholars as well as practitioners with detailed information on the digital publishing trends in the medium term.
This research is significant because, in the period under review, many digital native entrepreneurs with scarce experience entered the industry, targeted digital native consumers/readers and challenged traditional and established media conglomerates.