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A Measure of Media Bias
(Department of Economics, 2005)
In this paper we estimate ADA (Americans for Democratic Action) scores for major media outlets such as the New York Times, USA Today, Fox News' Special Report, and all three network television news shows. Our estimates allow us to answer...
Organizational Structure and the Diversification Discount: Evidence from Commercial Banking
(Blackwell, 2008)
ratios than similar BHCs with fewer subsidiaries. However, because we study multi-unit firms in a single industry, our results suggest that the valuation discount reported in the diversification literature in empirical corporate finance reflects not only...