位列议会审议厅的先生们可以向共和国的当轴诸公直接进言,但身居草野、没有这种机会的人,如果看到有什么可以促进公益的事情,便只能笔之于书了。我想他们在开始这一不平常的举动时,内心的变化和激动,自然是不小的:有些人怀疑它的结果,另一些人则顾虑将受到某种责难;有些人抱着希望,另一些人则对自己所说的深信不疑。至于我呢,过去由于论述的题目不同③,这些心情中的每一种都可能在不同的时候对我发生过不同的影响;在目前这一篇前言中,也可能流露出某种心情对我影响最大;但我在写出这篇演说,同时又想起我所呼吁的人时,便使我内心的支配力量产生了热情
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The first part of this paper explores whether aggregate media coverage was different for internet IPOs as opposed to a matching sample of non-internet IPOs in the late 1990s. So we read all news items that came out between 1996 through 2000 on 458 internet IPOs and a matching
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In this paper we discuss the role of the media in pressuring corporate managers and directors to behave in ways that are \socially acceptable. Sometimes this coincides with shareholders' value maximization others not. We provide both anecdotal and systematic evidence that media affect companies' policy toward the environment and the amount of corporate resources that are diverted to the sole advantage of controlling shareholders. Our results have important consequences for the focus of the corporate governance debate and for the feasibility of reforms aimed at improving corporate governance around the
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Numerous empirical studies have demonstrated that asset prices react rapidly, if at all, to news published in the mass media. In many cases, the information has been discounted and prices have already moved upon primary publication through news wires, press releases or firm announcements. Any remaining information is usually quickly priced in after
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Persons freedom to communicate, and their ability to do so effectively, has long been recognized as a crucial component of a society that respects human dignity and provides the conditions for humans to flourish. Government actions that suppress persons'speech and other forms of communication have been rightly subject to scrutiny and challenge Governments have also recognized the importance of affirmative steps to enhance persons opportunities for communications, such steps include improving education and supporting public forums. Communication is not only a personal and political good
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The International Bank for Reconstruction and Development/The World Bank 1 818H Street Nw Washington D. C. 20433. U.S.A The World Bank enjoys copyright under protocol 2 of the Universal Copyright Convention. This material may nonetheless be copied for research, educational, or scholarly
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Interest groups seek to influence economic activity through public and private politics. Public politics takes place in the arenas of public inst it utions, whereas private politics takes place out side public inst itutions oft en in the arena of public sentiment. Private politics refers to action by interest groups directed at private parties, as in the case of an activist group launching a campaign against a firm
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Media and especially mass media like newspapers or magazines are characterised by a number of peculiarities which are interesting from both a theoretical and empirical point of view. The interrelationship of reader
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The provision of mass media content over next-generation 3G mobile networks is envi- sioned as an exciting new application of new media. This paper focuses on the mobile Internet as strategic challenge for media and entertainment companies. It provides an overview of distinctive features of the mobile Internet related to personalization, time and location sensitivity, uncertainties b echnology push and market pull, and motiva- tions for engagemer
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The independence of editorial content from advertisers' influence is a cornerstone of journalistic ethics We test whether this independence is observed in practice. We find that mutual fund recommendations are correlated with past advertising in three personal finance publications but not in two national news- papers. Our tests control for numerous fund characteristics, total advertising expenditures
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