Film industry experts are constantly debating whether the industry’s huge investments in movie stars are profitable. In order to make empirical generalizations, the authors (1) provide a meta-analysis of the relationship between the power of stars and the success of films and (2) analyze a complete dataset of this industry with n=1,545 films. Based on these two studies, four empirical generalizations emerge. First, when we ignore the effects of star selection, the impact of star power on box office revenues is strongly biased upwards. Second, the artistic star power (cf. commercial) is associated with significantly lower box office revenues. Third, on average, films with a commercial star (cf. without a commercial star) generate US$12.46 million in additional box office revenues. In contrast, artistic stardom does not result in a statistically significant increase in revenues. Fourth, commercially successful (artistic) stars have a statistically significant « multiplier effect » of 1.127 (1.083) on other characteristics that influence a film’s revenue.

03:16
Le risque de change est le danger financier lié aux variations des taux entre devises, affectant entreprises, investisseurs et particuliers dans leurs transactions internationales. Il peut impacter les revenus, les investissements ou les remboursements de prêts selon l'évolution des monnaies. On distingue le risque de transaction, de conversion et économique. Sa gestion repose sur des mécanismes internes (facturation, netting) ou externes (contrats à terme, options), avec un équilibre à trouver entre coût et protection.
AJILI BEN YOUSSEF Wissem - EM Normandie |
- Dico du Management
- Finance d’Entreprise et Finance de Marché