The effects of having more than one good reputation on distributor investments in the film industry

Journal of Cultural Economics

Volumn 36, Issue 3, 2012, Pages 227-248

  Ebbers, Joris J ^a   Wijnberg, Nachoem M ^a  

^a Business School   (Netherlands)

Author keywords

Category spanning; Distribution; Film; Investment; Reputation

Indexed keywords

EID: 84865439975     PISSN: 08852545     EISSN: 15736997     Source Type: Journal    
DOI: 10.1007/s10824-012-9160-z     Document Type: Article

References (71)

1. Anand, N., & Watson, M. R. (2004). Tournament rituals in the evolution of fields: The case of the Grammy awards. Academy of Management Journal, 47(1), 59-80.
2. Bach, S. (1999). Final cut: Art, money, and ego in the making of heaven's gate, the film that sank united artists. New York, NY: Newmarket Press.
3. Baker, W. E., & Faulkner, R. R. (1991). Role as a resource in the Hollywood film industry. American Journal of Sociology, 97(2), 279-309.
4. Basuroy, S., Chatterjee, S., & Ravid, S. A. (2003). How critical are critical reviews? The box office effects of film critics, star power, and budgets. Journal of Marketing, 67(4), 103-117.
5. Beckman, C. M., & Burton, M. D. (2008). Founding the future: Path dependence in the evolution of top management teams from founding to IPO. Organization Science, 19(1), 3-24.
6. Beckman, C. M., Burton, M. D., & O'Reilly, C. (2007). Early teams: The impact of team demography on VC financing and going public. Journal of Business Venturing, 22(2), 147-173.
7. Blume, S. E. (2004). The revenue streams: An overview. In J. E. Squire (Ed.), The movie business book (pp. 332-359). New York: Fireside.
8. Busenitz, L. W., Fiet, J. O., & Moesel, D. D. (2005). Signaling in venture capitalist-new venture team funding decisions: Does it indicate long-term venture outcomes? Entrepreneurship Theory and Practice, 29(1), 1-12.
9. Caves, R. E. (2000). Creative industries: Contracts between art and commerce. Cambridge, MA: Harvard University Press.
10. Certo, S. T. (2003). Influencing the initial public offering investors with prestige: Signaling with board structures. Academy of Management Review, 28(3), 432-446.
11. Cohen, J., Cohen, P., West, S. G., & Aiken, L. S. (2003). Applied multiple regression/correlation analysis for the behavioral sciences (3rd ed.). Mahwah, NJ: Erlbaump.
12. Cohen, B. D., & Dean, T. J. (2005). Information asymmetry and shareholder evaluation of IPOs: Top management team legitimacy as a capital market signal. Strategic Management Journal, 26(7), 683-690.
13. D'Aveni, R. A. (1990). Top management prestige and organizational bankruptcy. Organization Science, 1(2), 121-142.
14. DeFillippi, R. J., & Arthur, M. B. (1998). Paradox in project-based enterprise: The case of film making. California Management Review, 40(2), 1-15.
15. Delmestri, G., Montanari, F., & Usai, A. (2005). Reputation and strength of ties in predicting commercial success and artistic merit of independents in the Italian feature film industry. Journal of Management Studies, 42(5), 975-1002.
16. Deutsch, Y., & Ross, T. W. (2003). You are known by the directors you keep: Reputable directors as a signaling mechanism for young firms. Management Science, 49(8), 1003-1017.
17. DeVany, A., & Walls, D. (1996). Bose-Einstein dynamics and adaptive contracting in the motion picture industry. Economic Journal, 106, 1493-1514.
18. DeVany, A., & Walls, W. D. (1999). Uncertainty in the movie industry: Does star power reduce the terror of the box office? Journal of Cultural Economics, 23, 285-318.
19. DiMaggio, P. J., & Powell, W. W. (1983). The iron cage revisited: Institutional isomorphism and collective rationality in organizational fields. American Sociological Review, 48(2), 147-160.
20. Durand, R., Rao, H., & Monin, P. (2007). Code and conduct in French cuisine: Impact of code changes on external evaluations. Strategic Management Journal, 28(5), 455-472.
21. Ebbers, J. J., & Wijnberg, N. M. (2009). Latent organizations in the film industry: Contracts, rewards and resources. Human Relations, 62(7), 987-1009.
22. Eikhof, D. R., & Haunschild, A. (2007). For art's sake! Artistic and economic logics in creative production. Journal of Organizational Behavior, 28, 523-538.
23. Elberse, A. (2007). The power of stars: Do star actors drive the success of movies? Journal of Marketing, 71(4), 102-120.
24. Eliashberg, J., Hui, K., & Zhang, Z. J. (2007). From story line to box office: A new approach for green-lighting movie scripts. Management Science, 53(6), 881-893.
25. Eliashberg, J., & Shugan, S. M. (1997). Film critics: Influencers or predictors? Journal of Marketing, 61(2), 68-78.
26. Eliashberg, J., Weinberg, C., & Hui, S. K. (2008). Decision models for the movie industry. In B. Wierenga (Ed.), Handbook of marketing decision models (pp. 437-468). New York: Springer.
27. Ferriani, S., Cattani, G., & Baden-Fuller, C. (2009). The relational antecedents of project- entrepreneurship: Network centrality, team composition and project performance. Research Policy, 38(10), 1545-1558.
28. Fisher, E., & Reuber, R. (2007). The good, the bad, and the unfamiliar: The challenges of reputation formation facing new firms. Entrepreneurship Theory and Practice, 31(1), 53-75.
29. Fombrun, C. (1996). Reputation: Realizing value from the corporate image. Boston, MA: Harvard Business School Press.
30. Fombrun, C., & Shanley, M. (1990). What's in a name? Reputation building and corporate strategy. Academy of Management Journal, 33(2), 233-258.
31. Fombrun, C. J., & van Riel, C. B. M. (1997). The reputational landscape. Corporate Reputation Review, 1, 5-13.
32. Freeman, J., Carroll, G. R., & Hannan, M. T. (1983). The liability of newness: Age dependence in organizational death rates. American Sociological Review, 48(5), 692-710.
33. Friedman, R. G. (2004). Motion picture marketing. In J. E. Squire (Ed.), The movie business book (pp. 282-299). New York: Fireside.
34. Gemser, G., Leenders, M. A. A. M., & Wijnberg, N. M. (2008). Why some awards are more effective signals of quality than others: A study of movie awards. Journal of Management, 34(1), 25-54.
35. Gemser, G., van Oostrum, M., & Leenders, M. A. A. M. (2007). The impact of film reviews on the box office performance of art house versus mainstream motion pictures. Journal of Cultural Economics, 31, 43-63.
36. Glynn, M. A., & Lounsbury, M. (2005). From the critics' corner: Logic blending, discursive change and authenticity in a cultural production system. Journal of Management Studies, 42(5), 1031-1055.
37. Hadida, A. (2010). Commercial success and artistic recognition of motion picture projects. Journal of Cultural Economics, 34, 45-80.
38. Higgins, M. C., & Gulati, R. (2003). Getting off to a good start: The effects of upper echelon affiliations on underwriter prestige. Organization Science, 14(3), 244-263.
39. Higgins, M. C., & Gulati, R. (2006). Stacking the deck: The effects of top management backgrounds on investor decisions. Strategic Management Journal, 27(1), 1-25.
40. Holbrook, M. B., & Addis, M. (2008). Art versus commerce in the movie industry: A two-path model of motion-picture success. Journal of Cultural Economics, 32(2), 87-107.
41. Hsu, G. (2006). Jacks of all trades and masters of none: Audiences' reactions to spanning genres in feature film production. Administrative Science Quarterly, 51(3), 420-450.
42. Hsu, D. H. (2007). Experienced entrepreneurial founders, organizational capital, and venture capital funding. Research Policy, 36(5), 722-741.
43. Hsu, G., & Hannan, M. T. (2005). Identities, genres, and organizational forms. Organization Science, 16(5), 474-490.
44. Hsu, G., Hannan, M. T., & Koçak, Ö. (2009). Multiple category memberships in markets: An integrative theory and two empirical tests. American Sociological Review, 74(1), 150-169.
45. Jaccard, J., & Turrisi, R. (2003). Interaction effects in multiple regression (2nd ed.). Sage: Thousand Oaks.
46. Jensen, M., & Roy, A. (2008). Staging exchange partner choices: When do status and reputation matter? Academy of Management Journal, 51, 495-516.
47. Jones, C. (1996). Careers in project networks: The case of the film industry. In M. B. Arthur & D. M. Rousseau (Eds.), The boundaryless career (pp. 58-75). New York: Oxford University Press.
48. Kang, E. (2008). Director interlocks and spillover effects or reputational penalties from financial reporting fraud. Academy of Management Journal, 51(3), 537-555.
49. Milgrom, P., & Roberts, J. (1986). Price and advertising signals of product quality. Journal of Political Economy, 94(4), 796-821.
50. Musteen, M., Datta, D. K., & Kemmerer, B. (2010). Corporate reputation: Do board characteristics matter? British Journal of Management, 21(2), 98-510.
51. Pfeffer, J. (1972). Size and composition of corporate boards of directors: The organization and its environment. Administrative Science Quarterly, 17(2), 218-229.
52. Pfeffer, J., & Salancik, G. R. (1978). The external control of organizations: A resource dependence perspective. New York: Harper and Row.
53. Podolny, J. M. (1993). A status-based model of market competition. American Journal of Sociology, 98(4), 829-872.
54. Pollock, T. G., & Rindova, V. R. (2003). Media legitimation effects in the market for initial public offerings. Academy of Management Journal, 46(5), 631-642.
55. Porac, J. F., Howard, T., Wilson, F., Paton, D., & Kanfer, A. (1995). Rivalry and the industry model of Scottish knitwear producers. Administrative Science Quarterly, 40(2), 203-227.
56. Rao, H. (1994). The social construction of reputation: Certification contests, legitimation, and the survival of organizations in the American automobile industry: 1895-1912. Strategic Management Journal, 15, 29-44.
57. Rindova, V. P., Petkova, A. P., & Kotha, S. (2007). Standing out: How new firms in emerging markets build reputation. Strategic Organization, 5(1), 31-70.
58. Rindova, V. P., Williamson, I. O., Petkova, A. P., & Sever, J. M. (2005). Being good or being known: An empirical examination of the dimensions, antecedents, and consequences of organizational reputation. Academy of Management Journal, 48(6), 1033-1049.
59. Roberts, P. W., & Dowling, G. R. (2002). Corporate reputation and sustained financial performance. Strategic Management Journal, 23(12), 1077-1093.
60. Ruef, M., & Patterson, K. (2009). Credit and classification: The impact of industry boundaries in nineteenth-century America. Administrative Science Quarterly, 54, 486-520.
61. Shane, S., & Cable, D. (2002). Network ties, reputation, and the financing of new ventures. Management Science, 48(3), 364-381.
62. Shapiro, C. (1983). Premiums for high quality products as returns to reputations. Quarterly Journal of Economics, 98(4), 659-680.
63. Sorenson, O., & Waguespack, D. (2006). Social structure and exchange: Self- confirming dynamics in Hollywood. Administrative Science Quarterly, 51(4), 560-589.
64. Storper, M. (1989). The transition to flexible specialisation in the US film industry: External economies, the division of labour, and the crossing of industrial divides. Cambridge Journal of Economics, 13(2), 273-305.
65. Stuart, T. E., Hoang, H., & Hybels, R. C. (1999). Interorganizational endorsements and the performance of entrepreneurial ventures. Administrative Science Quarterly, 44(2), 315-349.
66. Voss, G. B., Cable, D. M., & Voss, Z. G. (2000). Linking organizational values to relationships with external constituents: A study of nonprofit professional theatres. Organization Science, 11(3), 330-347.
67. Westhead, P., & Wright, M. (1998). Novice, serial, and portfolio founders: Are they different? Journal of Business Venturing, 13(3), 173-204.
68. White, H. (1980). A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity. Econometrica, 48, 817-830.
69. Zuckerman, E. W. (1999). The categorical imperative: Securities analysts and the illegitimacy discount. American Journal of Sociology, 104(5), 1398-1438.
70. Zuckerman, E. W., & Kim, T. Y. (2003). The critical trade-off: Identity assignment and box-office success in the feature film industry. Industrial and Corporate Change, 12(1), 27-67.
71. Zuckerman, E. W., Kim, T. Y., Ukanwa, K., & Von Rittman, J. J. (2003). Robust identities or non-entities? Typecasting in the feature film labor market. American Journal of Sociology, 108(5), 1018-1074.