Publication

This research project is a first attempt to address the effect of news as published in daily newspapers on firms' assessments of their own business development. News potentially affects the sentiments of consumers, politicians and firms, which in turn might have consequences for the economic development of a nation, region or a sector. Here, we focus on firms in particular branches within the manufacturing sector and their assessment of their own business situation and development. From our point of view, this is one possible channel through which news agencies might consciously or unconsciously affect real economic developments.