The effectiveness of pre-release advertising for motion pictures: An empirical investigation using a simulated market

被引:88
作者
Elberse, Anita [1 ]
Anand, Bharat [1 ]
机构
[1] Harvard Univ, Sch Business, Boston, MA 02163 USA
关键词
advertising; effectiveness; movies; stock market simulations;
D O I
10.1016/j.infoecopol.2007.06.003
中图分类号
F [经济];
学科分类号
02 ;
摘要
We use data on a movie's stock price as it trades on the Hollywood Stock Exchange, a popular online market simulation, to study the impact of movie advertising. We find that advertising has a positive and statistically significant effect on expected revenues, but that the effect varies strongly across movies of different "quality". The point estimate implies that the returns to advertising for the average movie are negative. (C) 2007 Elsevier B.V. All rights reserved.
引用
收藏
页码:319 / 343
页数:25
相关论文
共 56 条
[1]   Modeling movie life cycles and market share [J].
Ainslie, A ;
Drèze, X ;
Zufryden, F .
MARKETING SCIENCE, 2005, 24 (03) :508-517
[2]  
ANAND, 2004, ADVERTISING MATCHMAK
[3]  
[Anonymous], 2018, GASTROENTEROL, DOI DOI 10.4103/SJG.SJG_159_18
[4]   THE MODERATOR MEDIATOR VARIABLE DISTINCTION IN SOCIAL PSYCHOLOGICAL-RESEARCH - CONCEPTUAL, STRATEGIC, AND STATISTICAL CONSIDERATIONS [J].
BARON, RM ;
KENNY, DA .
JOURNAL OF PERSONALITY AND SOCIAL PSYCHOLOGY, 1986, 51 (06) :1173-1182
[5]   An empirical investigation of signaling in the motion picture industry [J].
Basuroy, S ;
Desai, KK ;
Talukdar, D .
JOURNAL OF MARKETING RESEARCH, 2006, 43 (02) :287-295
[6]  
Belsley D. A., 1980, REGRESSION DIAGNOSTI
[7]  
Berndt ER., 1991, PRACTICE ECONOMETRIC
[8]  
Bryk A.S., 1992, Hierarchical Models: Applications and Data Analysis Methods
[9]  
CAVES RE, 2001, CREATIVE IND CONTRAC
[10]   Momentum strategies [J].
Chan, LKC ;
Jegadeesh, N ;
Lakonishok, J .
JOURNAL OF FINANCE, 1996, 51 (05) :1681-1713