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on Cultural Economics |
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Issue of 2024‒08‒26
six papers chosen by Roberto Zanola, Università degli Studi del Piemonte Orientale |
| By: | Koch, Florian; Hoellen, Max; Konrad, Elmar D.; Kock, Alexander |
| Abstract: | Creative industries contain paradoxes because conflicting tensions arise between the market and the arts. Entrepreneurs need to find and maintain a balance between those two sides to create innovation. This study tests the interaction between business and creative orientations of a founder in their influence on innovation in the context of creative entrepreneurial firms and provides recommendations for how creative agents can leverage and manage their innovations based on their creative visions. Determinants on the individual level, such as the founder's creative or business orientations, have a lasting impact on the practices and process of their venture. To trace the imprinting influence of the founder's orientation on innovation, the empirical setting is a time‐lagged study of German firm owners in the cultural and creative industries surveyed 5 years apart. The results show a significant relationship between creative orientation and innovation, whereas business orientation does not significantly relate to innovation. However, creative and business orientations reveal a negative interaction effect. This study contributes empirical evidence to the paradox theory and the interaction between the opposite poles. Our findings provide valuable insights about the relevance of creative orientation and its visionary impact on the firms' innovation process. Furthermore, the results shed new light on the tension between art and the market, as different compositions of the two orientation poles seem to have a varying impact on the degree of innovation. Thus, the study reveals the complexity of creative entrepreneurship and provides managerial guidance for other knowledge‐based industries. |
| Date: | 2023 |
| URL: | https://d.repec.org/n?u=RePEc:dar:wpaper:147985 |
| By: | Gaétan de Rassenfosse; Adam B. Jaffe; Joel Waldfogel |
| Abstract: | The arrival of creative machines—software capable of producing human-like creative content—has triggered a series of legal challenges about intellectual property. The outcome of these legal challenges will shape the future of the creative industry in ways that could enhance or jeopardize welfare. Policymakers are already tasked with creating regulations for a post-generative AI creative industry. Economics may offer valuable insights, and this paper is our attempt to contribute to the discussion. We identify the main economic issues and propose a framework and some tools for thinking about them. |
| JEL: | O38 |
| Date: | 2024–07 |
| URL: | https://d.repec.org/n?u=RePEc:nbr:nberwo:32698 |
| By: | Pauline Folcher (MRM - Montpellier Research in Management - UM1 - Université Montpellier 1 - UPVM - Université Paul-Valéry - Montpellier 3 - UM2 - Université Montpellier 2 - Sciences et Techniques - UPVD - Université de Perpignan Via Domitia - Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School) |
| Abstract: | Since its development after the 2008 crisis, the concept of Smart City has constantly raised economic, sociological and ethical questions. The promises of this all-digital city no longer make people dream and even push some to resist and oppose, sometimes successfully, these urban projects. But how to explain these negative or even dystopian representations and beliefs to urban projects that have not yet "come out of the ground"? By supporting the idea that the images and stories delivered simultaneously and widely in society can be at the origin of the construction of social representations and beliefs, this communication seeks to identify what are the images of life in a digital future which are conveyed by cultural productions and in particular cinematographic productions (Touzani and Hirschman, 2019). For this, a chronological and thematic analysis of 40 years of science fiction films highlighting a digital future is carried out and the main "images" of the connected city (smart city), of its users (smart people) and of technology are identified and discussed. |
| Keywords: | Smart city, Smart people, Narrative Transport, representations, collective imagination, Transport narratif, représentations, imaginaire collectif Smart city Smart people Narrative Transport representations collective imagination « Chez |
| Date: | 2023–05–10 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-04642957 |
| By: | Hui Ren Tan; Tianyi Wang |
| Abstract: | We study a far-reaching episode of demagoguery in American history. From the late 1940s to 1950s, anti-communist hysteria led by Senator Joseph McCarthy and others gripped the nation. Hundreds of professionals in Hollywood were accused of having ties with the communist. We show that these accusations were not random, targeting those with dissenting views. Actors and screenwriters who were accused suffered a setback in their careers. Beyond the accused, we find that the anti-communist crusade also had a chilling effect on film content, as non-accused filmmakers avoided progressive topics. The decline in progressive films, in turn, made society more conservative. |
| JEL: | L82 N32 N42 |
| Date: | 2024–07 |
| URL: | https://d.repec.org/n?u=RePEc:nbr:nberwo:32682 |
| By: | Gabriele Camera (Economic Science Institute, Chapman University); James Gilmore (Economic Science Institute, Chapman University); Marilyn Giselle Hazlett (Economic Science Institute, Chapman University); Jason Shachat (Durham University, Durham University Business School); Bochen Zhu (Wuhan University, Economics and Management School) |
| Abstract: | We study within- and cross-culture interaction in a Stag Hunt game, using a controlled online experiment with Chinese and American participants. We fnd that cross-culture interactions can have a positive impact on efciency. American participants, particularly females, more frequently selected the efcient but risky action when facing a Chinese counterpart. Chinese male participants, instead, less frequently selected the efcient but risky action when facing an American counterpart. These behavioral asymmetries do not support the notion of cultural equivalence, nor the hypothesis that multiculturalism fosters strategic uncertainty. |
| Keywords: | Coordination games, Online experiment, Cultural biases, Gender diferences. |
| JEL: | C92 |
| Date: | 2024 |
| URL: | https://d.repec.org/n?u=RePEc:chu:wpaper:24-13 |
| By: | Muhammad Rofiqul Islam; Abdullah Al Mehdi |
| Abstract: | This study investigates the impact of Hofstede's cultural dimensions on abnormal core earnings management in multiple national cultural contexts. We employ an Ordinary Least Squares (OLS) regression model with abnormal core earnings as the dependent variable. The independent variables analyzed include Hofstede's dimensions: Power Distance Index (PDI), Individualism (IDV), Masculinity (MAS), and Uncertainty Avoidance Index (UAI). Our findings reveal that individualism is positively associated with abnormal core earnings, suggesting that cultures characterized by high individualism may encourage practices that inflate earnings due to the prominence of personal achievement and rewards. In contrast, masculinity negatively correlates with abnormal core earnings, indicating that the risk-taking attributes associated with masculine cultures may deter earnings management. Interestingly, uncertainty avoidance is positively linked to abnormal core earnings, supporting the notion that managers tend to engage more in earnings management to minimize fluctuations in financial reports in cultures with high uncertainty avoidance. The relationship between power distance and abnormal core earnings is found to be non-significant, indicating no substantial effect in this context. These findings contribute to the literature on cultural influences in financial reporting, providing valuable insights for policymakers and multinational firms concerning the cultural contexts within which financial decisions and reporting occur. |
| Date: | 2024–07 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2407.16854 |