Faculty of Economics and Business Administration Publications Database

Media slant against foreign owners: Downsizing

Volume: 120
Pages: 97 - 106
Month: December
ISSN-Print: 0047-2727
Link External Source: Online Version
Year: 2014
Keywords: Media economics; Globalization; Economic xenophobia; Multi-national enterprises; Foreign direct investment

Using a unique data set from nationally distributed quality newspapers in Germany, we find evidence for both quantitative and qualitative media slant against foreign firms. A downsizing foreign firm receives almost twice as much attention as a domestic firm, and the tone of media reports is more negative. Media slant is a measure for economic xenophobia directed against foreign owners, which constitutes an obstacle to foreign direct investment.