George Michael Klimis

Panteion University of Social and Political Sciences · Department of Communication, Media and Culture

Social media platforms have become a primary source of information and public influence. This dynamic has given rise to the interest of journalists, companies, scientists and organizations in identifying the most productive and influential agents of a network. Although popular indicators such as Reach, Engagement and Virality can be a good basis fo...

This entry discusses the main theories of entrepreneurship. It distinguishes between the different schools of thought but also the current thoughts on the subject, such as effectuation theory.

Although the history of intellectual property rights begins with the grant of a patent for a recipe around 500 bce , the starting point for the history of copyright occurs much later with the advent of typography. In this entry, definitions and uses of copyright are discussed together with the main issues ranging from duration to the institution's...

In the banking sector and especially the Greek banking sector, in the midst of an unthinkable economic crisis that the country is going through, what is “said” and “written” freely, and is considered to be the “contemporary” word of mouth (wom), is expressed through blogs and social media. On these grounds, and taking into consideration the fact th...

Information and communication technologies and the technologies of Web 2.0 have brought a revolution that acts as a prelude of creative destruction for the incumbents in most sectors of the economy. One of the most affected sectors is that of the music industry. After a brief discussion of the cultural industries and the significance of the music i...

The term entrepreneur is generally accepted as having been coined by French economist Richard Cantillon, but it became prominent through Jean‐Baptiste Say's Treatise on Political Economy . The English translator of the treatise, C. R. Prinsep, interpreted entrepreneur as “adventurer,” noting that the meaning of the corresponding English word undert...

Although the history of intellectual property rights begins with the grant of a patent for a recipe around 500 bc in Sybaris, a Greek colony in Sicily, the starting point for the history of copyright occurs much later with the advent of typography. The need of printers and publishers to establish a monopoly on the dissemination of works under their...

Attempts of measuring musical diversity (Alexander, 1996; Anderson et. al, 1980; Dowd, 2004; Lopes, 1992; Peterson & Berger, 1975; Rothenbuhler & Dimmick, 1982) are currently being reevaluated, due to the renewed interest of international institutions, like UNESCO, which assert that diversity of cultural expressions is of vital importance for the p...

Standard economic textbooks define markets as mechanisms for buyers and sellers to negotiate, price, and exchange goods or products and services. This mechanism is usually found in a marketplace (e.g., a stock exchange, an auction house, or the village bazaar). Electronic markets, on the other hand, operate in what Rayport and Sviokla (1994) define...

Although electronic commerce was facilitated by electronic data interchange (EDI) standards from the late 1970s onwards, the phrase entered the business lexicon in the 1990s when the world was introduced to the first Internet browser. Antecedents of electronic commerce include the French system Minitel, which allowed transactions over the closed ne...

The paper critically revisits the theory of entrepreneurship giving particular weight to the economic, business and sociological meaning of the term. It supports the position that the creator should be thought of as an entrepreneur, i.e. somebody who not only creates but who is also, or even primarily, aiming to exploit his/her creation to appropri...

A formal definition of cultural industries is developed following four distinct features of cultural goods: (a) oversupply, (b) quality uncertainty, (c) network effects and (d) demand reversal. Drawing on economic and socio-psychological notions of ‘network’, increasing returns and social contagion effects are distinguished. Increasing returns may...

Music plays an important, and sometimes overlooked part in the transformation of communication and distribution channels. With a global market volume exceeding US$40 billion, music is not only one of the primary entertainment goods in its own right. Since music is easily personalized and transmitted, it also permeates many other services across cul...

It is now over 10 years since Malone et al. [Malone, T., Yates, J. and Benjamin, R. (1987) Electronic markets and electronic hierarchies. Communications of the ACM30(6), 484–497] set out their hypothesis on electronic markets and electronic hierarchies, termed the electronic market hypothesis (EMH). In this time the growth in the use of information...

This article reports the results of a major study, conducted between 1996 and 1999, examining the impact of de-regulation and digital technologies on the global music industry. We analyse four negotiations in the process of bringing music to the world market: commodification, globalisation, delivery, and royalty management. We show that the locatio...

Individual intellectual property right holders in music cannot easily enforce their statutory claims to exclusive usage and remuneration. Since the middle of the 19th century, composers and publishers have responded by creating collective bodies, so-called collecting societies which monitor musical activity in a given territory, and collect and dis...

Record company mergers and intense commercial pressures are making life difficult for existing stars and wannabees alike