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Online Appendix 2 Master list of studies included in the meta-analysis and corresponding effect sizes
Study title Year Journal AuthorsArtistic
starMarket
starMedia
starCritics
val.Critics
vol.Users val.
Users vol.
Effect size
Modeling movie life cycles and market share
2005 Marketing Science Ainslie, Drèze, and Zufryden
no no yes no no no no 2
Cultural variations in the use of marketing signals: a multilevel analysis of the motion picture industry
2013 Journal of the Academy of Marketing Science
Akdeniz and Talay
no no yes yes no no no 54
Accounting for latent classes in movie box office modeling
2011 Journal of Targeting, Measurement and Analysis for Marketing
Antipov and Pokryshevskaya
no yes no no no no no 1
Predicting the future with social media
2010 Web Intelligence and Intelligent Agent Technology IEEE/WIC/ACM International Conference
Asur and Huberman
no no no no no yes no 1
The determinants of motion picture box office performance: evidence from movies produced in Italy?
1999 Journal of Cultural Economics
Bagella and Becchetti
no no yes yes no no no 3
How critical are critical reviews? The box office effects of film critics, star power, and budgets
2003 Journal of Marketing Basuroy, Chattejee, and Ravid
yes no no yes yes no no 4
What is advertising content worth? Evidence from the motion pictures industry
2011 Working paper Basuroy, Rao and Ravid
yes no no yes yes no no 3
Web user opinions as an information source. What impact on cinema attendances?
2007 Recherche et Applications en Marketing
Belvaux and Marteaux
no no no yes no yes no 6
Reviewing the reviewers: the 2007 Quantitative Boatwright, yes no no yes no no no 4
1
impact of individual film critics on box office performance
Marketing & Economics
Basuroy, and Kamakura
When does it make sense to do it again? An empirical investigation of contingency factors of movie remakes
2015 Journal of Cultural Economics
Bohnenkamp, Knapp, Hennig-Thurau, and Schauerte
no yes no yes no no no 2
A blueprint for success in the US film industry
2009 Applied Economics Brewer, Kelley, and Jozefowicz
no no yes yes no yes no 3
Estimating structural models of equilibrium and cognitive hierarchy thinking in the field: the case of withheld movie critic reviews
2012 Working paper Brown, Camerer, and Lovallo
no no yes yes no yes no 6
Cross-cultural differences in evaluating product characteristics: motion pictures"
2010 Management Research Review
Budeva yes no no no no no no 1
The economics of film distribution
2010 Working paper Byrd yes yes no yes no no no 6
Unpacking the ‘Real Madrid’ effect: recruiting stars and profiting from them
2010 Working paper Cattani, Ferriani, Mariani, and Mengoli
yes yes no yes no no no 6
Devising a practical model for predicting theatrical movie success: focusing on the experience good property
2005 Journal of Media Economics
Chang and Ki no yes no yes no yes no 12
The effects of online users’ reviews on movie box office performance
2010 Marketing Science Chintagunta, Gopinath, and Venkataraman
no no no no no yes yes 2
Empirical generalizations of demand and supply dynamics for movies
2014 International Journal of Research in Marketing
Clement, Wu, and Fischer
no no yes yes no no no 12
What makes a blockbuster? Economic analysis of film success economic analysis of
2002 Managerial and Decision Economics
Collins, Hand, and Snell
no yes no yes no no no 2
2
film successUncertainty in the movie industry: does star power reduce the terror of the box office?
1999 Journal of Cultural Economics
De Vany and Walls
no no yes no no no no 2
Exploring the value of online product reviews in forecasting sales: the case of motion pictures
2002 Journal of Interactive Marketing
Dellarocas, Zhang, and Awad
no no no no no no yes 1
Reputation and strength of ties in predicting commercial success and artistic merit of independents in the Italian feature film industry
2005 Journal of Management Studies
Delmestri, Montanari, and Usai
yes yes no no no no no 2
A two-stage proxy variable approach to estimating movie box office receipts
2014 Journal of Cultural Economics
Derrick, Williams, and Scott
no yes no yes yes no no 6
Interactive influence of genre familiarity, star power, and critics' reviews in the cultural goods industry: the case of motion pictures
2005 Psychology & Marketing
Desai and Basuroy
yes no no yes no no no 2
The long-term box office performance of sequel movies
2012 Marketing Letters Dhar, Sun, and Weinberg
no no no no no yes no 1
Do online reviews matter? – an empirical investigation of panel data
2005 Working paper Duan, Gu, and Whinston
no no no no no yes yes 3
The dynamics of online word-of-mouth and product sales – an empirical investigation of the movie industry
2008 Journal of Retailing Duan, Gu, and Whinston
no no no no no yes yes 2
Seasonality in the US motion picture industry
2007 The RAND Journal of Economics
Einav yes no no no no no no 1
Demand and supply dynamics for sequentially released products in international
2003 Marketing Science Elberse and Eliashberg
no yes no yes no no no 14
3
markets: the case of motion picturesFilm critics: influencers or predictors?
1997 Journal of Marketing Eliashberg and Shugan
no no no yes yes no no 4
Determinants of UK box office success: the impact of quality signals
2008 Review of Industrial Organization
Elliott and Simmons
yes no yes yes no no no 3
Advertising media strategies in the film industry
2011 Applied Economics Elliott and Simmons
yes yes yes yes no no no 1
Short-term projects and emergent careers: evidence from Hollywood
1987 The American Journal of Sociology
Faulkner and Anderson
yes yes no no no no no 5
The costs of outside equity control: evidence from motion picture financing decisions
2002 Journal of Business Research
Fee no yes no no no no no 1
Endogeneity and measurement errors when estimating demand functions with average prices: an example from the movie market
2013 Empirical economics Fernandez-Blanco, Orea, and Prieto-Rodriguez
yes no no no no no no 2
The main determinants of Bollywood movie box office sales
2010 Journal of Global Marketing
Fetscherin no yes no no no yes no 12
Racial bias in expert quality assessment: a study of newspaper movie reviews
2009 Working paper Fowdur, Kadiyali, and Prince
yes no no yes no no no 3
The impact of film reviews on the box office performance of art house versus mainstream motion pictures
2007 Journal of Cultural Economics
Gemser, Van Oostrum, and Leenders
no no yes yes yes no no 6
The determinants of polish movies’ box office performance in Poland
2015 Journal of Marketing and Consumer Behaviour in Emerging Markets
Gmerek no no yes yes no yes no 3
Real options in the motion 2011 Contemporary Gong, Van Der no yes no no no no no 6
4
picture industry: evidence from film marketing and sequels
Accounting Research Stede, and Young
Blogs, advertising, and local-market movie box office performance
2013 Management Science Gopinath, Chintagunta, and Venkataraman
no no yes yes no yes yes 14
Predicting popularity of mass-market films using the tenets of disposition theory
2011 International Journal of Arts and Technology
Grizzard, Lewis, Lee, and Eden
no no no yes no no no 1
Commercial success and artistic recognition of motion picture projects
2010 Journal of Cultural Economics
Hadida yes yes no no no no no 6
Institutions, assets combinations and film performance: a US-French comparison
2010 Working paper Hadida yes yes no no no no no 7
Dynamic impacts of online reviews and other information sources on sales in panel data environment: Evidence from movie industry
2008 International Conference on Management Science and Engineering, 15th Annual Conference Proceedings
Hao, Li, Ye and zou
no no no yes no yes yes 5
What’s a movie worth? Determining the monetary value of motion pictures’ TV rights
2013 International Journal of Arts Management
Hennig-Thurau, Houston, and Fuchs
no yes no yes no yes no 4
The differing roles of success drivers across sequential channels: an application to the motion picture industry
2006 Journal of the Academy of Marketing Science
Hennig-Thurau, Houston, and Walsh
no yes no yes no yes no 10
Determinants of motion picture box office and profitability: an interrelationship approach
2007 Review of Managerial Science
Hennig-Thurau, Houston, and Walsh
no yes no yes no yes no 6
The relationship between reviewer judgments and motion picture success: re-analysis and
2012 Journal of Cultural Economics
Hennig-Thurau, Marchand, and Hiller
no yes no yes yes yes no 8
5
extensionAn ingredient branding approach to determine the financial value of stars: the case of motion pictures
2013 Working paper Hennig-Thurau, Völckner, Clement, and Hofmann
no yes yes yes no yes no 6
Does twitter matter? The impact of microblogging word of mouth on consumers’ adoption of new movies
2014 Journal of the Academy of Marketing Science
Hennig-Thurau, Wiertz, and Feldhaus
no yes no yes no yes yes 4
Relationships among indicators of success in Broadway plays and motion pictures
1985 Journal of Cultural Economics
Hirschman and Pieros
no no no yes no no no 1
Playoff payoff: super bowl advertising for movies
2009 International Journal of Research in Marketing
Ho, Dhar, and Weinberg
no no yes yes no no no 3
Jacks of all trades and masters of none: audiences' reactions to spanning genres in feature
2006 Administrative Science Quarterly
Hsu no no yes no no no no 2
A temporal study of the effects of online opinions: information sources matter
2013 Pacific Asia Conference on Information Systems
Huang, Jianxiong, Boh, and Goh
no no no yes yes yes yes 10
Predicting box office from the screenplay: an empirical model
2015 Working paper Hunter, Smith, and Singh
no yes no no no no no 1
The performance of German motion pictures, profits and subsidies: some empirical evidence
2005 Journal of Cultural Economics
Jansen no yes no yes no no no 6
Social learning and optimal advertising in the motion picture industry
2007 Working paper Joo no no no yes no yes no 2
Movie advertising and the stock market valuation of studios: a case of “great expectations?”
2009 Marketing Science Joshi and Hanssens
no yes no yes no no no 2
Adapting to succeed? Leveraging the brand equity of
2012 Journal of the Academy of
Joshi and Mao no no yes yes no no no 8
6
best sellers to succeed at the box office
Marketing Science
Impact of star and movie buzz on motion picture distribution and box office revenue
2011 International Journal of Research in Marketing
Karniouchina no no yes yes no yes yes 6
Advertising, searching, blogging and new-products sales
2013 Working paper Kim and Hanssens
no no no yes no no yes 3
Audience heterogeneity and the effectiveness of market signals: how to overcome liabilities of foreignness in film exports?
2014 Academy of Management Journal
Kim and Jensen yes no no no no no no 4
Exploring the effects of online word of mouth and expert reviews on theatrical movies’ box office success
2013 Journal of Media Economics
Kim, Park, and Park
no yes no yes yes yes yes 12
Hollywood's movie star system: a historical overview
1982 Book chapter Kindem no yes no no no no no 5
Does film criticism affect box office earnings? Evidence from movies released in the US in 2003
2007 Journal of Cultural Economics
King no no no yes no no no 2
The importance of reciprocal spillover effects for the valuation of bestseller brands: introducing and testing a contingency model
2014 Journal of the Academy of Marketing Science
Knapp, Hennig-Thurau, and Mathys
no yes no yes no yes no 2
The impact of movie reviews on box office: media portfolios and the intermediation of genre
2012 Journal of Media Economics
Koschat no yes no yes yes yes no 8
Does China love Hollywood? An empirical study on the foreign films in china
2011 International Area Studies Review
Kwak and Zhang
yes no no no no no no 2
Critical push: strategies for creating momentum in the motion picture industry
2000 Journal of Management
Lampel and Shamsie
no no no yes no no no 2
7
Capabilities in motion: new organizational forms and the reshaping of the Hollywood movie industry
2003 Journal of Management Studies
Lampel and Shamsie
no yes no no no no no 2
DVD sales and the R-rating puzzle
2011 Journal of Cultural Economics
Lang, Switzer and Swartz
no no yes yes no no no 2
Buzz and recommendations on the internet. What impacts on box-office success?
2008 Recherche et Applications en Marketing
Larceneux no no no yes yes yes yes 10
Essays on participative web and social media for information goods
2010 Dissertation Lee no no no no no yes yes 2
Bayesian belief network for box-office performance: a case study on Korean movies
2009 Systems with Applications
Lee and Chang no yes no yes no yes no 4
Does online social network contribute to WOM effect on product sales
2012 Journal of Intelligence and Information Systems
Lee, Son, and Lee
no no no no no yes yes 3
The antecedents and consequences of restrictive age-based ratings in the global motion picture industry
2011 International Journal of Research in Marketing
Leenders and Eliashberg
no no yes no no no no 2
Predicting success of theatrical movies: an empirical study
1983 Journal of Popular Culture
Litman no yes no yes no no no 2
Predicting financial success of motion pictures
1998 Book chapter Litman and Hoekyun
yes no yes yes no no no 6
Predicting financial success of motion pictures: the '80s experience
1989 Journal of Media Economics
Litman and Khol
yes yes no yes no no no 4
Word of mouth for movies: its dynamics and impact on box office revenue
2006 Journal of Marketing Liu no no yes yes yes yes yes 9
Star power in the eye of the beholder: a study of the influence of stars in the movie
2014 Marketing Letters Liu, Liu, and Mazumdar
yes yes yes yes no no no 4
8
industryCounterfactual decomposition of movie star effects with star selection
2014 Marketing Science Liu, Mzumbar, and Li
no no yes yes no no no 2
When to sell your idea: theory and evidence from the movie industry
2010 Working paper Luo no yes no no no no no 3
The impact of supplier bargaining power on the advertising costs of movie sequels
2015 Journal of Cultural Economics
Ma, Huang, Kumar, and Strijnev
no no yes no no no no 1
An empirical analysis of the impact of pre-release movie piracy on box-office revenue
2013 Working paper Ma, Montgomery, Singh, and Smith
yes yes no yes no no no 4
What drives the market popularity of celebrities? A longitudinal analysis of consumer interest in film stars
2015 International Journal of Research in Marketing
Mathys, Burmester, and Clement
no no yes yes no no no 3
How do theatrical box office revenues affect DVD retail sales? Australian empirical evidence
2010 Journal of Cultural Economics
McKenzie no no yes no no no no 1
Do ‘African American’ films perform better or worse at the box office? An empirical analysis of motion picture revenues and profits
2010 Applied Economics Letters
McKenzie no no yes no no no no 1
Revealed word-of-mouth demand and adaptive supply: survival of motion pictures at the Australian box office
2009 Journal of Cultural Economics
McKenzie no yes no yes no no no 2
Australian films at the Australian box office: Performance, distribution and
2013 Journal of Cultural Economics
McKenzie and Walls
no no yes yes no no no 4
9
subsidiesDiversity in teams and the success of cultural products
2013 Journal of Cultural Economics
Meiseberg and Ehrmann
no yes no yes no no no 3
We don’t need another hero – implications from network structure and resource commitment for movie performance
2008 Schmalenbach Business Review
Meiseberg, Ehrmann, and Dormann
no yes no yes no no no 2
Predicting Movie Sales from Blogger Sentiment
2013 AAAI Spring Symposium: Computational Approaches to Analyzing Weblogs
Mishne and Glance
no no no no no yes no 1
The roles of cultural elements in international retailing of cultural products: an application to the motion picture industry
2015 Journal of Retailing Moon and Song no no no yes no yes yes 6
Dynamic effects among movie ratings, movie revenues, and viewer satisfaction
2010 Journal of Marketing Moon, Bergey, and Iacobucci
no no no yes no yes no 4
The impact of text product reviews on sales
2014 European Journal of Marketing
Moon, Park, and Kim
no no no yes no yes yes 3
Social learning and peer effects in consumption: evidence from movie sales
2011 The Review of Economic Studies
Moretti no no no yes no no no 1
Measuring word of mouth’s impact on theatrical movie admissions
2007 Journal of Economics & Management Strategy
Moul no no no no no no yes 1
Online word of mouth and product review disagreement
2015 Working paper Nagle and Riedl no no no no yes no yes 2
Repeated interactions and improved outcomes: an empirical analysis of movie production in the united states
2015 Management Science Narayan and Kadiyali
yes yes no no no no no 6
10
A Bayesian model to forecast new product performance in domestic and international markets
1999 Marketing Science Neelamegham and Chintagunta
no no yes no no no no 14
Movie stars and box office revenues: an empirical analysis
2012 Journal of Cultural Economics
Nelson and Glotfelty
no no yes no no yes no 25
Impact of user-generated and professional critics reviews on Bollywood movie success
2015 Australian Marketing Journal
Niraj and Singh no yes no yes no yes yes 5
Marketing activity, blogging and sales
2012 International Journal of Research in Marketing
Onishi and Manchanda
no no no no no yes yes 2
Does it matter what people say about you: the impact of the content of buzz on firm performance
2008 Dissertation Pai no no no yes yes yes yes 5
Choosing to cofinance: analysis of project-specific alliances in the movie industry
2007 The Review of Financial Studies
Palia, Ravid and Reisel
yes no no yes yes no no 8
The criterion problem and creativity in film: psychometric characteristics of various measures
2008 Psychology of Aesthetics, Creativity, and the Arts
Plucker, Holden, and Neustadter
no no no yes yes yes yes 6
Stardom and the profitability of film making: Warner Bros. in the 1930s
2001 Journal of Cultural Economics
Pokorny and Sedgwick
no yes no no no no no 4
An empirical study of the determinants of revenues and marketing expenditures in the motion picture industry
1994 Journal of Cultural Economics
Prag and Casavant
no no yes yes no no no 2
Theatre allocation as a distributor’s strategic variable over movie runs
2015 Journal of Cultural Economics
Prieto-Rodriguez, Gutierrez-Navratil, and Ateca-Emestoy
no no yes no no no no 1
11
How early can video revenue be accurately predicted?
2002 Journal of Advertising Research
Prosser no no no yes no no no 1
Information, blockbusters, and stars: a study of the film industry
1999 The Journal of Business
Ravid yes yes no yes yes no no 10
The influence of expert reviews on consumer demand for experience goods: a case study of movie critics
2005 The Journal of Industrial Economics
Reinstein and Snyder
no no no yes no no no 2
Whose and what chatter matters? The effect of tweets on movie sales
2013 Decision Support Systems
Rui, Liu, and Whinston
no no no no no yes yes 2
Blogs as Predictors of Movie Success
2009 Proceedings of the Third International ICWSM Conference
Sadikov, Parameswaran, and Venetis
no no no no no no yes 1
A parsimonious model for forecasting gross box-office revenues of motion pictures
1996 Marketing Science Sawhney and Eliashberg
no no yes yes no no no 2
Learning from broadcasts of project participation: selection of second-tier actors during project-venture formation in the movie industry
2009 Strategic Organization
Schwab yes no no no no no no 1
Learning in hybrid-project systems: the effects of project performance on repeated collaboration
2008 Academy of Management Journal
Schwab and Miner
yes no no no no no no 3
Predicting movie grosses: winners and losers, blockbusters and sleepers
2000 Chance Simonoff and Sparrow
no yes yes no no no no 2
Film as art versus film as business: differential correlates of screen play characteristics
2005 Empirical Studies of the Arts
Simonton no no no yes no no no 3
Film music: are award-winning scores and songs heard in
2007 Psychology of Aesthetics,
Simonton yes no no yes no no no 2
12
successful motion pictures? Creativity. and the Arts
Cinematic success, aesthetics, and economics: an exploratory recursive model
2009 Psychology of Aesthetics, Creativity. and the Arts
Simonton no no no yes no no no 2
Knowledge based resources, property based resources and supplier bargaining power in Hollywood motion picture projects
2009 Journal of Business Research
Skilton no no yes no no no no 1
Predicting the performance of motion pictures
1994 The Journal of Media Economics
Sochay no no yes yes no no no 4
Distribution planning to optimize profits in the motion picture industry
2011 Production and Operations Management
Somlo, Rajaram, and Ahmadi
no yes no no no yes yes 3
International launch window and performance: analysis of movies
2012 Working paper Song and Chankar
no yes no no no no no 1
Social structure and exchange: self-confirming dynamics in Hollywood
2006 Administrative Science Quarterly
Sorenson and Waguespack
no yes no no no no no 1
Factors influencing motion picture success: empirical review and update
2008 Journal of Business & Economics Research
Stimpert, Laux, Marino and Gleason
no no yes yes no no no 2
Effects of microblogging and third-party word of mouth on product sales: empirical study based on movie box office revenue
2014 PACIS Sun, Song, and Huang
no no no no no yes yes 4
The added-value of online word-of-mouth to advertising in new product adoption: An empirical analysis of the movie Industry
2005 Dissertation Sussan no no no yes no yes yes 4
Is neutral really neutral? The effects of neutral user-generated
2014 Journal of Marketing Tang, Fang, and Wang
no no no no no yes yes 2
13
content on product salesThe determinants of domestic box office performance in the motion picture industry
2005 Southwestern Economic Review
Terry, Butler, and De'Armond
no no no yes no no no 1
The determinants of foreign box office revenue for English language movies
2010 Journal of International Business and Cultural Studies
Terry, Cooley, and Zachary
no no no yes no no no 1
The determinants of opening weekend box office revenue for movies
2009 Journal of the Academy of Business and Economics
Terry, Cooley, and Zachary
no no no yes no no no 1
The determinants of box office revenue for horror movies
2010 Journal of Global Business Management
Terry, King, and Walker
no no no yes no no no 1
Examining success at the domestic box-office in the motion picture industry
2010 Working paper Topf no yes no yes no no no 2
Effects of celebrity media exposure on box-office performance
2010 Journal of Media Economics
Treme no no yes yes no no no 4
The role of actors and actresses in the success of films: how much is a movie star worth?
1993 Journal of Cultural Economics
Wallace, Broniarczyk, and Holbrook
no no no yes no no no 1
Robust analysis of movie earnings
2009 Journal of Media Economics
Walls no no yes no no no no 1
The changing role of Hollywood in the global movie market
2012 Journal of Media Economics
Walls and McKenzie
no no yes no no no no 7
Creativity and project value in the film industry
2007 Working paper Wang no no yes no no no no 2
Box office drivers of motion picture sequels
2012 Working paper Wang no no no yes no no no 1
Users’ reviews variance, critic reviews variance, and product sales: an exploration of
2015 Journal of Retailing Wang, Liu, and Fang
no no no yes yes yes yes 4
14
customer breadth and depth effectsThe worth of product placement in successful films: an event study analysis
2009 Journal of Marketing Wiles and Danielova
no no no yes no yes no 2
The heterogeneous effect of WOM on product sales: why the effect of WOM valence is mixed?
2012 European Journal of Marketing
Yang, Kim, Amblee, and Jeong
no no no yes yes yes yes 4
A study on the relationship among the leading actors, directors, and the box office income of a film—based on multiple linear regression model
2013 6th International Conference on Information Management, Innovation Management and Industrial Engineering
Yongbin and Rongzhao
no yes no no no no no 2
The Lord of The Ratings: Is a movie's fate influenced by reviews?
2006 ICIS Proceedings Zhang and Dellarocas
no no no yes yes yes no 5
Overcoming the illegitimacy discount: cultural entrepreneurship in the US feature film industry
2013 Organization Studies Zhao, Ishihara, and Lounsbury
no yes no no no yes no 3
The critical trade‐off: identity assignment and box‐office success in the feature film industry
2003 Industrial and Corporate Change
Zuckerman and Kim
no yes no yes yes no no 5
Note: the last column indicates the total number of effect sizes retrieved from this study. Columns 5 -11 indicate whether this type of effect size was retrieved from the study.
15