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PRODID:https://www.diw.de/de/diw_01.c.806339.de/veranstaltungen.html
METHOD:PUBLISH
CALSCALE:GREGORIAN
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UID:diw_01.c.410605.de
LOCATION:Eleanor-Dulles-Raum,DIW Berlin im Quartier 110,5.2.010,Anton-Wilhelm-Amo-Straße 58,10117 Berlin
SUMMARY:Media Slant Against Foreign Owners: Downsizing
DESCRIPTION:13:15-14:45 // Abstract: We establish the existence of strong media slant against foreign owners. Using a unique data set from nation-wide distributed quality newspapers in Germany, we find that a foreign firm that downsizes in Germany receives almost twice as much attention than a domestic firm. This quantitative slant is accompanied by qualitative slant; newspapers report in a more negative way about downsizing foreign than domestic firms. The slant is present in all quality newspapers, but it increases from right to left in the political spectrum. This is consistent with theory papers arguing that slant is an equilibrium phenomenon. The slant we document is a clean measure for economic xenophobia; however, not geared against migrants, but against foreign owners. The slant can be a substantial obstacle to FDI, as illustrated by case studies. Our results are likely to be a lower bound estimate, because Germans are rather globalization-friendly and we are looking at quality papers, not tabloids. 
DTSTART;VALUE=DATE:20121102
DTEND;VALUE=DATE:20121102
DTSTAMP:20121028T230000Z
URL:https://www.diw.de/de/diw_01.c.410605.de/veranstaltungen/media_slant_against_foreign_owners_downsizing.html
ORGANIZER;CN=Peter Haan:mailto:phaan@diw.de
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