Deleersnyder, Deleersnyder, B.; Dekimpe, Dekimpe, M.G.; … - Erasmus Research Institute of Management (ERIM), … - 2007
Cutting advertising budgets has traditionally been a popular reaction by companies around the globe when faced with a … sensitivity of advertising expenditures. We conduct a systematic investigation into the cyclical sensitivity of advertising … television. While our findings confirm that advertising moves in the same direction as the general economic activity, we also …