For Oscar Glory Or Oscar Money?

Deuchert, Eva; Adjamah, Kossi; Pauly, Florian

doi:10.1007/s10824-005-3338-6

Cited by 85 publications

(82 citation statements)

References 17 publications

(8 reference statements)

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“…The literature, regardless of the explicit use of signaling theory, has examined a number of signal variables including production budget (Akdeniz & Talay, 2013;Brewer, Kelley, & Jozefowicz, 2009;De Vany & Walls, 2002;McKenzie, 2009;Ravid, 1999); star power (Akdeniz & Talay, 2013;Brewer et al, 2009;De Vany & Walls, 1999;Nelson & Glotfelty, 2012;Prag & Casavant, 1994;Ravid, 1999); sequels (Akdeniz & Talay, 2013;Basuroy et al, 2006;Moon, Bergey, & Iacobucci, 2010); major film award nominations and prizes (Deuchert, Adjamah, & Pauly, 2005;Nelson, Donihue, Waldman, & Wheaton, 2001;Prag & Casavant, 1994) and online film reviews (Moon et al, 2010). In terms of geographical coverage of the research, literature to date on film performance has rarely focused on countries other than the US, the UK and European markets.…”

Section: China's Film Industrymentioning

confidence: 99%

“…Awards also make films more prominent to consumers. There are a large number of studies examining the impact on box office revenues of major award nominations and prizes (Deuchert et al, 2005;Gemser et al, 2008;Nelson et al, 2001;Prag & Casavant, 1994). However, as yet, the impact of major Asian film awards nominations and prizes has not been considered.…”

Section: China's Film Industrymentioning

confidence: 99%

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Behind film performance in China’s changing institutional context: The impact of signals

et al. 2017

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Grounded in signaling theory, this paper investigates the signals reflecting product quality, innovativeness, reputation and cultural background which influence film performance, that is, film survival (duration on cinema screen) and box office success, in China's changing institutional context. This market has grown substantially and still possesses potential for further development. However, China's unique institutional context presents challenges. By examining an expanded range of potential signals, two of which have not previously been examined in the literature, namely imported films and enhanced format film formats such as 3D and IMAX, we develop a conceptual framework and argue that signaling theory needs to be combined with institutional context. Similar to findings for film industries in other countries, we find quality and reputational signals including budget, star power, sequels, and online Asia Pac J Manag (2018) 35:63-95

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Section: China's Film Industrymentioning

confidence: 99%

Section: China's Film Industrymentioning

confidence: 99%

Behind film performance in China’s changing institutional context: The impact of signals

et al. 2017

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“…The Oscars are among the most important judgment devices in the film industry (Deuchert et al 2005;English 2005). Commonly conceived of as a prime indicator of cinematic qualities and achievement, the Oscars have long been the focus of audience attention.…”

Section: The Empirical Case: Hollywood and The Oscarsmentioning

confidence: 99%

Close, But No Cigar

Rossman

Schilke

2014

Am Sociol Rev

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This article examines the economic effects of prizes with implications for the diversity of market positions, especially in cultural fields. Many prizes have three notable features that together yield an emergent reward structure: (1) consumers treat prizes as judgment devices when making purchase decisions, (2) prizes introduce sharp discontinuities between winners and also-rans, and (3) appealing to prize juries requires costly sacrifices of mass audience appeal. When all three conditions obtain, winning a prize is valuable, but seeking it is costly, so trying and failing yields the worst outcome—a logic we characterize as a Tullock lottery. We test the model with analyses of Oscar nominations and Hollywood films from 1985 through 2009. We create an innovative measure of prize-seeking, or “Oscar appeal,” on the basis of similarity to recent nominees in terms of such things as genre, plot keywords, and release date. We then show that Oscar appeal has no effect on profitability. However, this zero-order relationship conceals that returns to strong Oscar appeals are bimodal, with super-normal returns for nominees and large losses for snubs. We then argue that the effect of judgment devices on fields depends on how they structure and refract information.

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“…Both Nelson et al (2001) and Deuchert et al (2005) find evidence of substantial financial benefits from Academy of Motion Picture nominations and awards (the "Oscars") for best picture and best actor/actress.…”

Section: Introductionmentioning

confidence: 99%

Experts’ awards and economic success: evidence from an Italian literary prize

Ponzo

Scoppa

2015

J Cult Econ

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. www.econstor.eu Product quality is often unobservable ex-ante and consumers rely on experts' judgments, sometimes in the form of ratings or awards. Do awards affect consumers' choices or, conversely, are they conferred on the most popular products? To disentangle this issue, we use data about the most important Italian Literary Prize, the "Strega Prize", undertaking two different estimation strategies to evaluate the impact that winning the Prize has on book sales. First, we adopt a Regression Discontinuity Design using a measure of book sales as a dependent variable and as a forcing variable (proxying for intrinsic book quality) the jury votes received by each nominated book in the competition. We find that the Strega Prize has a very strong impact on sales. Second, by using weekly data on appearances on bestseller lists, we estimate a difference-in-differences model in which we compare sales performance of treated and control books before the award is conferred with their respective performances afterwards. The results confirm a huge influence of the Prize on book sales and show that most of the impact occurs in the weeks following the announcement of the Prize. Terms of use: Documents in D I S C U S S I O N P A P E R S E R I E SJEL Classification: Z10, Z11, L15, L80, M30, D12, J44

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For Oscar Glory Or Oscar Money?

Cited by 85 publications

References 17 publications

Behind film performance in China’s changing institutional context: The impact of signals

Behind film performance in China’s changing institutional context: The impact of signals

Close, But No Cigar

Experts’ awards and economic success: evidence from an Italian literary prize

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