Member Stability as a Signal of New Product Quality: An Example of Financing Decision of Hollywood’s Sequel Movies
碩士 === 國立臺灣師範大學 === 大眾傳播研究所 === 96 === Movie industry is an example of a typical “experience product” market. The pre-consumption quality of such a product is difficult to assess without actually viewing the movie. In distinguishing between sellers of high- and low-quality products before consumptio...
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ndltd-TW-096NTNU50230152019-05-15T19:38:23Z http://ndltd.ncl.edu.tw/handle/vhyqj2 Member Stability as a Signal of New Product Quality: An Example of Financing Decision of Hollywood’s Sequel Movies 團隊成員穩定性作為新產品品質訊號:以好萊塢續集電影的出資決策為例 Chen-Hsuan, Huang 黃振軒 碩士 國立臺灣師範大學 大眾傳播研究所 96 Movie industry is an example of a typical “experience product” market. The pre-consumption quality of such a product is difficult to assess without actually viewing the movie. In distinguishing between sellers of high- and low-quality products before consumption, consumers in such markets look for credible information about products and sellers that firms can provide using “signals” to assess the new product quality. It also can mitigate consumers to exposure to risk and uncertainty. Especially for motion picture industry, nearly all financing decisions are made before films are produced. Thus, team members in the film production are the important sources to be signals to assess the film quality. We investigate what factors are influenced in making financing decision and take key roles in Hollywood filmmaking as signals. In particular, we focus on the effect of member stability between sequel and original movie. Members’ reputation and box -office success derived from past observation are important in contexts characterized by imperfect information, in which studio and production can rely on proxies or signals to make rational assumption about the intention and future behaviors of members. From the consideration, we develop five hypotheses arguing that the positive relation between stabilities of significant roles in filmmaking and motion picture finances. We use data on 128 sequels presented in America in the period 2002-2007 for our empirical analysis. The results are that producer and actor stabilities between sequel and original movie have positive relation to finances. But it is negative relation between movie star stability and film finances. 王仕茹 2008 學位論文 ; thesis 91 zh-TW |
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碩士 === 國立臺灣師範大學 === 大眾傳播研究所 === 96 === Movie industry is an example of a typical “experience product” market. The pre-consumption quality of such a product is difficult to assess without actually viewing the movie. In distinguishing between sellers of high- and low-quality products before consumption, consumers in such markets look for credible information about products and sellers that firms can provide using “signals” to assess the new product quality. It also can mitigate consumers to exposure to risk and uncertainty. Especially for motion picture industry, nearly all financing decisions are made before films are produced. Thus, team members in the film production are the important sources to be signals to assess the film quality.
We investigate what factors are influenced in making financing decision and take key roles in Hollywood filmmaking as signals. In particular, we focus on the effect of member stability between sequel and original movie. Members’ reputation and box -office success derived from past observation are important in contexts characterized by imperfect information, in which studio and production can rely on proxies or signals to make rational assumption about the intention and future behaviors of members. From the consideration, we develop five hypotheses arguing that the positive relation between stabilities of significant roles in filmmaking and motion picture finances.
We use data on 128 sequels presented in America in the period 2002-2007 for our empirical analysis. The results are that producer and actor stabilities between sequel and original movie have positive relation to finances. But it is negative relation between movie star stability and film finances.
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author2 |
王仕茹 |
author_facet |
王仕茹 Chen-Hsuan, Huang 黃振軒 |
author |
Chen-Hsuan, Huang 黃振軒 |
spellingShingle |
Chen-Hsuan, Huang 黃振軒 Member Stability as a Signal of New Product Quality: An Example of Financing Decision of Hollywood’s Sequel Movies |
author_sort |
Chen-Hsuan, Huang |
title |
Member Stability as a Signal of New Product Quality: An Example of Financing Decision of Hollywood’s Sequel Movies |
title_short |
Member Stability as a Signal of New Product Quality: An Example of Financing Decision of Hollywood’s Sequel Movies |
title_full |
Member Stability as a Signal of New Product Quality: An Example of Financing Decision of Hollywood’s Sequel Movies |
title_fullStr |
Member Stability as a Signal of New Product Quality: An Example of Financing Decision of Hollywood’s Sequel Movies |
title_full_unstemmed |
Member Stability as a Signal of New Product Quality: An Example of Financing Decision of Hollywood’s Sequel Movies |
title_sort |
member stability as a signal of new product quality: an example of financing decision of hollywood’s sequel movies |
publishDate |
2008 |
url |
http://ndltd.ncl.edu.tw/handle/vhyqj2 |
work_keys_str_mv |
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