nep-cul New Economics Papers
on Cultural Economics
Issue of 2017‒02‒12
three papers chosen by
Roberto Zanola
Università degli Studi del Piemonte Orientale

  1. The managerialization of the arts in the era of creativity. The case of an Italian opera house By Paola Trevisan
  2. Robo-journalism and Capital Markets By Blankespoor, Elizabeth; deHaan, Ed; Zhu, Christina
  3. Los OTT TV como nuevos proveedores de contenidos audiovisuales y su impacto en la TV de Paga By Carlos Ramos; Rosa Castillo; Ana Oliva

  1. By: Paola Trevisan (Dept. of Management, Università Ca' Foscari Venice)
    Abstract: This paper investigates how management discourses developed in the arts industry. The theoretical background applied to answer this question, is rooted in the deep discussion on the role of managerial thinking in capitalistic societies which is provided in Boltanski and ChiapelloÕs ÒThe new spirit of capitalismÓ (2005; first version in French ÒLe nouvel esprit du capitalismeÓ, 1999), and it is enlarged by a discussion on how managerial discourses have affected the creative and the arts sector in more recent times. The theorizing provided in this paper is based on the analysis of the managerialization process of an Italian opera house. The case study is described by reporting both the Òofficial versionÓ and less official voices, putting particular emphasis on the role played by managerial discourses. The results show how the vocabulary of management is used internally to justify the managerialization process, and externally to communicate with potential investors of the private sector. However it is contrasted internally by some Òvoices out of tuneÓ which see management principles as conflicting with the artistic mission of the opera house, and their application as detrimental for the artistic quality and as source of frustration for artists and creative professionals. After the analysis of the case study, I provide a discussion of what seems to be a managerialization process investing the arts sector, in contrast to the artification of management which is undergoing in the profit-seeking creative sectors. Following Boltansky and ChiapelloÕs reasoning, I conclude by questioning about the possibility of a revival of the artistic critique in the cultural sector.
    Keywords: arts management, managerialization, creativity.
    JEL: M40
    Date: 2017–02
  2. By: Blankespoor, Elizabeth (Stanford University); deHaan, Ed (University of WA); Zhu, Christina (Stanford University)
    Abstract: In 2014, the Associated Press (AP) began using algorithms to write media articles about firms' earnings announcements. These "robo-journalism" articles synthesize information from firms' press releases, analyst reports, and stock performance, and are widely disseminated by major news outlets a few hours after the earnings release. The articles are available for thousands of firms on a quarterly basis, many of which previously received little or no media attention. We use AP's staggered implementation of robo-journalism to examine the effects of media synthesis and dissemination, in a setting where the articles are devoid of private information and are largely exogenous to the firm's earnings news and disclosure choices. We find compelling evidence that automated articles increase firms' trading volume and liquidity. We find no evidence that the articles improve or impede the speed of price discovery. Our study provides novel evidence on the impact of pure synthesis and dissemination of public information in capital markets, and initial insights on the implications of automated journalism for market efficiency.
    Date: 2016–11
  3. By: Carlos Ramos (OSIPTEL, Gerencia de Politicas Regulatorias y Competencia); Rosa Castillo (OSIPTEL, Gerencia de Politicas Regulatorias y Competencia); Ana Oliva (OSIPTEL, Gerencia de Politicas Regulatorias y Competencia)
    Abstract: El presente documento tiene como objetivo evaluar la evolucion del mercado de contenidos audiovisuales producto del desarrollo tecnologico; y como las nuevas formas de acceder a estos contenidos, a traves de Internet por los denominados Over The Top Television (OTT TV) podrian estar impactando en las formas tradicionales (Television de Paga) de acceder a los contenidos audiovisuales. Los resultados presentan la relacion de sustitucion o complementariedad que existe entre los OTT TV y la TV de Paga dentro del mercado peruano, considerando las caracteristicas de ambos servicios, la capacidad de disciplinar la conducta de los agentes de mercado, asi como la penetracion del servicio de Internet (necesaria para el crecimiento de los OTT TV).
    Keywords: Over The Top, Television de Paga, Internet, Bienes Sustitutos
    JEL: C25 O33 L96
    Date: 2016

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