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Board members rely on information provided by management to inform their decisions. Unfortunately, some research calls into question the adequacy of the information the board members receive and, by extension, the quality of decisions they are able to make. Based on observations by ValueAct...
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The key role played by public information in market economies is paramount. Yet, investigation on how prices are affected is hindered by intricate endogeneity and parametrization issues. This paper contributes to the literature by identifying and studying a case where public information is...
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TripAdvisor reviews with other datasets describing these hotels' advertising expenditures, we show, first, that online ratings … have a causal demand-side effect on ad spending. Second, this effect is negative: hotels with higher ratings spend less on … advertising than hotels with lower ratings. This suggests that hotels treat TripAdvisor ratings and advertising spending as …
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