Consumers can acquire information through their own search efforts or through their social network. Information diffusion via word-of-mouth communication leads to some consumers free-riding on their “friends” and less information acquisition via active search. Free-riding also has an...

Alternative Marketingformen, die bei potentiellen Kunden für Aufmerksamkeit sorgen, sind heute bei Unternehmen mehr denn je gefragt. Bei der Entscheidung für innovative Marketingstrategien stehen die Anzahl der zu erreichenden Menschen und die Intensität der Aufmerksamkeit im Vordergrund. Der...

We show that investors acquire more public information about firms to which they are more socially proximate. On average, a standard deviation increase in the Social Connectedness Index (Bailey et al., 2018) between a firm's headquarter county and a searcher county is associated with 30% more...