13. Do Rankings Matter? The Effects of U.S. News &amp; World Report Rankings on the Admissions Process of Law Schools

Sauder, Michael; Lancaster, Ryon

doi:10.18574/nyu/9780814789339.003.0020

Cited by 6 publications

(26 citation statements)

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“…Our work provides important context-specific evidence concerning the much larger question about whether the Internet has exacerbated sales performance disparities between competitors as consumers are more easily informed about others' perceptions as to what are better, or the best, options. Explaining how and why the impact of rating systems varies across firms within the same industry is among the key questions we face in an ever increasingly digitized world of ratings, rankings, and evaluation (Blank, 2007;Bowers & Prato, 2019;Chu & Noh, 2019;Espeland & Sauder, 2007;Rindova et al, 2018;Sauder & Espeland, 2009;Sauder & Lancaster, 2006). As we show in this article, unpacking these differences entails delineating conditions under which such differential impact can be observed.…”

Section: Discussionmentioning

confidence: 92%

“…Prior research examining topics related to ratings, rankings, and evaluations has focused on other cultural settings, including beer and wine (e.g., Benjamin & Podolny, 1999;Frake, 2016), books (e.g., Kov acs & Sharkey, 2014Wang et al, 2018), and movies (e.g., Ferriani et al, 2009;Hsu, 2006;Olson & Waguespack, 2020). Science, particularly the natural sciences, and the legal context, have also proven fruitful research sites (e.g., Sauder & Espeland, 2009;Sauder & Lancaster, 2006). So, while we examined within-industry differences in market segments and show that they matter, cross-industry comparisons may also suggest other differences in how firms are able to capture value.…”

Section: Discussionmentioning

confidence: 99%

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Rating systems and increased heterogeneity in firm performance: Evidence from the New York City Restaurant Industry, 1994–2013

Greenberg,

Sands,

Cattani

et al. 2023

Strategic Management Journal

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Research SummaryWe investigate the extent to which the increasing availability of ratings information has affected heterogeneity in firm performance and, if so, what market segments are responsible for these changes. A unique dataset was constructed with restricted‐access government data to examine these questions in the context of the New York City restaurant industry between 1994 and 2013. We find that firms serving tourist and expensive price point market segments experienced increasing sales discrepancies as a function of rating differentials when ratings information became more easily accessible with the advent of online rating platforms. These findings depict how the prevalence of online rating systems have shaped competition and value capture, thus providing insight into the determinants of firm performance heterogeneity.Managerial SummaryWe examine the extent to which increasing availability of ratings information has affected firm performance by estimating changes in comparative sales between New York City restaurants between 1994 and 2013. Analyses indicate that increased access to ratings information during this period had a considerable effect on comparative sales for firms serving the tourist and the expensive price point market segments. These results provide insights into other industries where access to evaluations and rating systems have also increased. This work suggests that online ratings have affected how firms compete and capture value, and managers have opportunities to use rating systems to their advantage.

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Section: Discussionmentioning

confidence: 92%

Section: Discussionmentioning

confidence: 99%

Rating systems and increased heterogeneity in firm performance: Evidence from the New York City Restaurant Industry, 1994–2013

Greenberg,

Sands,

Cattani

et al. 2023

Strategic Management Journal

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“…This connection between state bar standards and law school criminal history inquiries finds support in prior research (Cohn et al, 2019) and is, to a point, understandable given the parameters of law school rankings. The U.S. News and World Report law school rankings-the most influential rankings on the topic-assess law schools based on a number of criteria (Sauder & Lancaster, 2006). One such criterion is "placement," which comprises 25.25% of a law school's overall ranking.…”

Section: Discussionmentioning

confidence: 99%

Criminal history inquiries and minority threat in the legal profession: An analysis of law school and state bar admission applications

Binnall

Petersen

2023

Law & Policy

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While all but one U.S. law school and every state bar ask about criminal history on their admissions application, such inquiries vary considerably in the depth of information sought. One potential explanation for variations in the depth of criminal history inquiries among law schools and state bars relates to minority threat dynamics. Drawing on data quantifying the depth of criminal history inquiries for 190 ABA-approved law schools and all state bars, as well as school and state demographics, this study explores the issue for the first time. Negative binomial regressions reveal that law schools and state bars located in states with larger Black and Latino populations employ more probing criminal history inquiries. We also find that this relationship is parabolic-where the minority threat effect is negative in states with a critical mass of Black/Latino residents. Finally, minority threat effects for law school criminal history inquiries are moderated by state bar criminal history inquiries, suggesting that law schools are cued by state bar policies. These results provide some support for minority threat theory, informing debates about the continued use of criminal history inquiries to screen prospective law students and lawyers, and the inclusiveness of the legal profession generally. | INTRODUCTIONThough lawyers are part of the populace they swear to serve, the legal profession is notoriously homogeneous (Kennedy, 2019). Roughly 61% of first-year law students are white, whereas only James M. Binnall and Nick Petersen contributed equally to this manuscript.

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“…Signaling theory asserts that organizations send signals about their values and intentions through their organizational actions or actions associated with the organization (Prabhu and Stewart, 2001). Sauder and Lancaster (2006) posit that "rankings act as signals" that represent quality, or in this case excellence, in what is being represented. Further, rankings are especially powerful when assessing areas that are hard to measure or where outsiders are blocked from information (Sauder and Lancaster, 2006).…”

Section: Signaling Scm Excellencementioning

confidence: 99%

“…Sauder and Lancaster (2006) posit that "rankings act as signals" that represent quality, or in this case excellence, in what is being represented. Further, rankings are especially powerful when assessing areas that are hard to measure or where outsiders are blocked from information (Sauder and Lancaster, 2006). The black box of the corporation, specifically when it comes to a firm's supply chain management practices, hinders comparative quantitative study.…”

Section: Signaling Scm Excellencementioning

confidence: 99%

Under pressure: Finding organizational legitimacy through the supply chain

Ingersoll

Cook

et al. 2022

Journal of General Management

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This study analyzes whether firms face a tradeoff in responding to pressures of shareholders versus stakeholders in their quest for supply chain management excellence. Are firms that are recognized and rewarded for their supply chain management practices less likely than other firms to have a strong record in community relations, product qualities, employee relations, environmental sustainability and diversity measures? To answer this question, the study utilizes event study, OLS regression and panel data analyses of firms receiving a Gartner Supply Chain Top 25 ranking and a comparative sample of these same firms in non-ranked years. The findings indicate that shareholders react positively to a Gartner ranking, suggesting that ranked firms receive significant incentives to pursue recognition. Additionally, positive stakeholder practices are significantly stronger for firms ranked versus those not ranked. These findings suggest that firms can successfully navigate the pressures congruent with both shareholder and stakeholder priorities through supply chain excellence.

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13. Do Rankings Matter? The Effects of U.S. News & World Report Rankings on the Admissions Process of Law Schools

Cited by 6 publications

References 0 publications

Rating systems and increased heterogeneity in firm performance: Evidence from the New York City Restaurant Industry, 1994–2013

Rating systems and increased heterogeneity in firm performance: Evidence from the New York City Restaurant Industry, 1994–2013

Criminal history inquiries and minority threat in the legal profession: An analysis of law school and state bar admission applications

Under pressure: Finding organizational legitimacy through the supply chain

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