Please use this identifier to cite or link to this item:
https://hdl.handle.net/20.500.12202/6503
Title: | Star Turnover and the Value of Human Capital—Evidence from Broadway Shows.Management Science. |
Authors: | Ravid, S. Abraham Han, Shu 0000-0002-5557-789X 0000-0002-3587-079X |
Keywords: | human capital turnover stars theater shows |
Issue Date: | Feb-2020 |
Publisher: | Institute for Operations Research and the Management Sciences (INFORMS |
Citation: | Shu Han, S. Abraham Ravid (2020) Star Turnover and the Value of Human Capital—Evidence from Broadway Shows.Management Science 66(2):958-978. https://doi.org/10.1287/mnsc.2018.3177 |
Series/Report no.: | Management Science;66(2) |
Abstract: | Theater shows routinely turn over actors in lead roles. Otherwise, the show stays the same, including the director, the script, other actors and, the physical theater environment. Even the lines performed do not change the set. Therefore, the theater provides a unique laboratory for assessing the value of human capital to an enterprise, a question that has been studied in other contexts, including the CEO value literature. We compare revenues, capacity, and ticket prices just before and just after transitions of top cast members.We also characterize the performers in various ways and control for the attributes of the show and for team characteristics. We find that decorated theater stars significantly affect the financial success of theater shows, supporting the MacDonald version of the super star hypothesis. Movie stars and celebrities do not seem to affect ticket prices or show revenues.Teams and seasonal effects seem to matter as well |
Description: | Research article / open-access |
URI: | https://doi.org/10.1287/mnsc.2018.3177 https://hdl.handle.net/20.500.12202/6503 |
ISSN: | ISSN: 0025-1909, 1526-5501 |
Appears in Collections: | Sy Syms School of Business (SSSB) -- Faculty Publications |
Files in This Item:
File | Description | Size | Format | |
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Ravid Han Star Turnover Dec2020 mnsc.2018.3177.pdf | 1.17 MB | Adobe PDF | View/Open |
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