Difference between revisions of "Band (2013b)"
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|Authentic Link=http://infojustice.org/archives/29916 | |Authentic Link=http://infojustice.org/archives/29916 | ||
|Link=http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2333844 | |Link=http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2333844 | ||
− | |Reference=Band (2013); Band and Gerafi (2013); | + | |Reference=Band (2013);Band and Gerafi (2013); |
− | |Plain Text Proposition=* The authours found that the firms in the copyright-intensive industries were more profitable than the firms in the other industries. Additionally, in this ten-year period, the copyright-intensive industries’ profit margins on average grew by 3.98%, while the other industries’ profit margins on average decreased by 0.75%. | + | |Plain Text Proposition=* The authours found that the firms in the copyright-intensive industries were more profitable than the firms in the other industries. Additionally, in this ten-year period, the copyright-intensive industries’ profit margins on average grew by 3.98%, while the other industries’ profit margins on average decreased by 0.75%. * There certainly may be other industry sectors that are more profitable than some of the copyright-intensive industries. Moreover, the firms in the copyright-intensive industries may have been even more profitable if they did not have to contend with copyright infringement.* Nonetheless, the high level of profitability of the copyright-intensive industries suggests that the copyright system serves these industries effectively, and that they are not in need of special assistance from Congress or the Executive Branch. Because so many of the firms in the copyright-intensive industries are foreign owned, the profitability of these industries does not indicate that U.S. trade policy should favour them. |
− | + | |FundamentalIssue=1. Relationship between protection (subject matter/term/scope) and supply/economic development/growth/welfare,4. Effects of protection on industry structure (e.g. oligopolies; competition; economics of superstars; business models; technology adoption) | |
− | * There certainly may be other industry sectors that are more profitable than some of the copyright-intensive industries. Moreover, the firms in the copyright-intensive industries may have been even more profitable if they did not have to contend with copyright infringement. | + | |EvidenceBasedPolicy=D. Licensing and Business models (collecting societies; meta data; exchanges/hubs; windowing; crossborder availability),F. Enforcement (quantifying infringement; criminal sanctions; intermediary liability; graduated response; litigation and court data; commercial/non-commercial distinction; education and awareness) |
− | |||
− | * Nonetheless, the high level of profitability of the copyright-intensive industries suggests that the copyright system serves these industries effectively, and that they are not in need of special assistance from Congress or the Executive Branch. Because so many of the firms in the copyright-intensive industries are foreign owned, the profitability of these industries does not indicate that U.S. trade policy should favour them. | ||
− | |FundamentalIssue=1. Relationship between protection (subject matter/term/scope) and supply/economic development/growth/welfare, 4. Effects of protection on industry structure (e.g. oligopolies; competition; economics of superstars; business models; technology adoption) | ||
− | |EvidenceBasedPolicy=D. Licensing and Business models (collecting societies; meta data; exchanges/hubs; windowing; crossborder availability), F. Enforcement (quantifying infringement; criminal sanctions; intermediary liability; graduated response; litigation and court data; commercial/non-commercial distinction; education and awareness) | ||
|Discipline=G38: Government Policy and Regulation, L5: Regulation and Industrial Policy | |Discipline=G38: Government Policy and Regulation, L5: Regulation and Industrial Policy | ||
|Intervention-Response=The high level of profitability of the copyright-intensive industries suggests that the copyright system serves these industries effectively, and that they are not in need of special assistance from Congress or the Executive Branch. | |Intervention-Response=The high level of profitability of the copyright-intensive industries suggests that the copyright system serves these industries effectively, and that they are not in need of special assistance from Congress or the Executive Branch. | ||
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|Method of Analysis=Quantitative Analysis Methods, Descriptive statistics (counting; means reporting; cross-tabulation) | |Method of Analysis=Quantitative Analysis Methods, Descriptive statistics (counting; means reporting; cross-tabulation) | ||
|Industry=Publishing of books, periodicals and other publishing; Software publishing (including video games); Film and motion pictures; | |Industry=Publishing of books, periodicals and other publishing; Software publishing (including video games); Film and motion pictures; | ||
− | |Country= | + | |Country=Unknown |
|Cross-country=No | |Cross-country=No | ||
|Comparative=Yes | |Comparative=Yes | ||
|Government or policy=No | |Government or policy=No | ||
|Literature review=No | |Literature review=No | ||
− | |||
}} | }} | ||
|Dataset={{Dataset | |Dataset={{Dataset | ||
|Sample Size=30 | |Sample Size=30 | ||
− | |Level of Aggregation=Firm | + | |Level of Aggregation=Firm |
|Data Material Year=2003-2012 | |Data Material Year=2003-2012 | ||
}} | }} | ||
}} | }} |
Revision as of 09:22, 20 April 2020
Contents
Source Details
Band (2013b) | |
Title: | Profitability of firms in copyright-intensive industries |
Author(s): | Band, J. |
Year: | 2013 |
Citation: | Band, J. (2013). Profitability of firms in copyright-intensive industries. Bandwidth. Available at SSRN 2333844 |
Link(s): | Definitive , Open Access |
Key Related Studies: | |
Discipline: | |
Linked by: |
About the Data | |
Data Description: | The study examines the performance of a total of 30 firms: five leading firms in three copyright-intensive industries: motion pictures, publishing, and software - and five leading firms in three other industries: construction, transportation, and mining. |
Data Type: | Primary data |
Secondary Data Sources: | |
Data Collection Methods: | |
Data Analysis Methods: | |
Industry(ies): | |
Country(ies): | |
Cross Country Study?: | No |
Comparative Study?: | Yes |
Literature review?: | No |
Government or policy study?: | No |
Time Period(s) of Collection: |
|
Funder(s): |
Abstract
Firms in the copyright-intensive industries frequently complain that copyright infringement causes significant lost sales, lost revenues, lost profits, and lost jobs. However, as has been noted in numerous impartial studies, the actual impact of infringement on individual firms, on industry sectors, and on the U.S. economy as a whole, is extremely difficult to quantify. In contrast, what can be quantified with relative ease is the performance of firms in the copyright-intensive industries in terms that matter to investors: revenue, profit, and most importantly, profitability. Furthermore, the performance of firms in the copyright-intensive industries can readily be compared with the performance of firms in other industries. While such a comparison may not demonstrate the effect of infringement, it could provide guidance to policymakers as to whether the copyright-intensive industries require additional government assistance in the form of new legislation or law enforcement resources. In this study, the authors have examined the performance over the past ten years of five leading firms in three copyright-intensive industries: motion pictures, publishing, and software. They then examined the performance of five leading firms in three other industries: construction, transportation, and mining. Finally, they compared the profitability of the firms in these six industries. We found that the firms in the copyright-intensive industries were more profitable than the firms in the other industries in every period examined.
Main Results of the Study
- The authours found that the firms in the copyright-intensive industries were more profitable than the firms in the other industries. Additionally, in this ten-year period, the copyright-intensive industries’ profit margins on average grew by 3.98%, while the other industries’ profit margins on average decreased by 0.75%. * There certainly may be other industry sectors that are more profitable than some of the copyright-intensive industries. Moreover, the firms in the copyright-intensive industries may have been even more profitable if they did not have to contend with copyright infringement.* Nonetheless, the high level of profitability of the copyright-intensive industries suggests that the copyright system serves these industries effectively, and that they are not in need of special assistance from Congress or the Executive Branch. Because so many of the firms in the copyright-intensive industries are foreign owned, the profitability of these industries does not indicate that U.S. trade policy should favour them.
Policy Implications as Stated By Author
The high level of profitability of the copyright-intensive industries suggests that the copyright system serves these industries effectively, and that they are not in need of special assistance from Congress or the Executive Branch.
Coverage of Study
Datasets
Sample size: | 30 |
Level of aggregation: | Firm |
Period of material under study: | 2003-2012 |