The Effect of Online Consumer Reviews on New Product Sales

被引:446
作者
Cui, Geng [1 ,2 ]
Lui, Hon-Kwong [1 ]
Guo, Xiaoning [3 ]
机构
[1] Lingnan Univ, Hong Kong, Hong Kong, Peoples R China
[2] Guangdong Univ Foreign Studies, Guangzhou, Guangdong, Peoples R China
[3] Univ Cincinnati, Carl H Lindner Coll Business, Cincinnati, OH 45221 USA
关键词
New product sales; online product reviews; panel data analyses; search vs. experience products; word of mouth; WORD-OF-MOUTH; MODERATING ROLE; COMMUNICATION; IMPACT; MODEL; INFORMATION; PERFORMANCE; EXPERIENCE; DIFFUSION; CASCADES;
D O I
10.2753/JEC1086-4415170102
中图分类号
F [经济];
学科分类号
02 ;
摘要
This study examines the effect of online reviews on new product sales for consumer electronics and video games. Analyses of panel data of 332 new products from Amazon.com over nine months reveal that the valence of reviews and the volume of page views have a stronger effect on search products, whereas the volume of reviews is more important for experience products. The results also show that the volume of reviews has a significant effect on new product sales in the early period and such effect decreases over time. Moreover, the percentage of negative reviews has a greater effect than that of positive reviews, confirming the negativity bias. Thus, marketers need to consider the distinctive influences of various aspects of online reviews when launching new products and devising e-marketing strategies.
引用
收藏
页码:39 / 57
页数:19
相关论文
共 46 条
[1]   The effects of extensions on the family brand name:: An accessibility-diagnosticity perspective [J].
Ahluwalia, R ;
Gürhan-Canli, Z .
JOURNAL OF CONSUMER RESEARCH, 2000, 27 (03) :371-381
[2]   Can brand reputation improve the odds of being reviewed on-line? [J].
Amblee, Naveen ;
Bui, Tung .
INTERNATIONAL JOURNAL OF ELECTRONIC COMMERCE, 2008, 12 (03) :11-28
[3]   The formation of market-level expectations and its covariates [J].
Anderson, EW ;
Salisbury, LC .
JOURNAL OF CONSUMER RESEARCH, 2003, 30 (01) :115-124
[4]  
[Anonymous], 2004, DOUBLECLICK MAR
[5]  
[Anonymous], 1972, ATTRIBUTION PERCEIV
[6]   NEW PRODUCT GROWTH FOR MODEL CONSUMER DURABLES [J].
BASS, FM .
MANAGEMENT SCIENCE SERIES A-THEORY, 1969, 15 (05) :215-227
[7]   How critical are critical reviews? The box office effects of film critics, star power, and budgets [J].
Basuroy, S ;
Chatterjee, S ;
Ravid, SA .
JOURNAL OF MARKETING, 2003, 67 (04) :103-117
[8]   Positive Effects of Negative Publicity: When Negative Reviews Increase Sales [J].
Berger, Jonah ;
Sorensen, Alan T. ;
Rasmussen, Scott J. .
MARKETING SCIENCE, 2010, 29 (05) :815-827
[9]   A THEORY OF FADS, FASHION, CUSTOM, AND CULTURAL-CHANGE AS INFORMATIONAL CASCADES [J].
BIKHCHANDANI, S ;
HIRSHLEIFER, D ;
WELCH, I .
JOURNAL OF POLITICAL ECONOMY, 1992, 100 (05) :992-1026
[10]   Online consumer review: Word-of-mouth as a news element of marketing communication mix [J].
Chen, Yubo ;
Xie, Jinhong .
MANAGEMENT SCIENCE, 2008, 54 (03) :477-491