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Contributions published at Strategic Management and Business Policy (Egon Franck)

Contribution
Maximilian Valentin Rüdisser, Raphael Flepp, Egon Franck, Do Casinos Pay Their Customers to Become Risk-averse? Revising the House Money Effect in a Natural Experiment, In: 40. Workshop der Kommission Organisation. 2016. (Conference Presentation) null
Richard Steffen, An Analysis of the Current and Alternative Governance Structures of FIFA, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2016. (Master's Thesis) null
Marius Müller, Netzwerkeffekte bei Transfers im Profifussball – Empirische Evidenzen aus der Deutschen Bundesliga, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2016. (Master's Thesis) null
Paolo Bizzozero, Raphael Flepp, Egon Franck, The importance of suspense and surprise in entertainment demand: Evidence from Wimbledon, Journal of Economic Behavior & Organization, Vol. 130, 2016. (Journal Article) This paper empirically examines how suspense and surprise affect the demand for entertainment. We use a tennis tournament, the Wimbledon Championships, as a natural laboratory. This setting allows us to both operationalize suspense and surprise by using the audience's beliefs regarding the outcome of the match and observe the demand for live entertainment using TV audience figures. Our match fixed effects estimates of 8563 minute-by-minute observations from 80 men's singles matches between 2009 and 2014 show that both suspense and surprise are drivers of media entertainment demand. In general, surprise seems to be more important in this regard than suspense, and both factors matter more during a match's later moments. We discuss important implications for the design of entertainment content to maximize entertainment demand.
Jan Pieper, Egon Franck, Mikroökonomische Aspekte des Spitzensports, In: Handbuch Sportökonomik, Hofmann, Schorndorf, p. 95 - 117, 2016. (Book Chapter)
Leif Brandes, Stephan Nüesch, Egon Franck, Death-Related Publicity as Informational Advertising: Evidence from the Music Industry, Marketing Letters, Vol. 27 (1), 2016. (Journal Article)
Maximilian Valentin Rüdisser, Raphael Flepp, Egon Franck, Do casinos pay their customers to become risk-averse? Revising the house money effect in a natural experiment, In: Business Working Paper Series, No. 360, 2015. (Working Paper) In order to promote risky behavior, it is a common practice that casinos incentivize their customers through the provision of free financial means, i.e., free play. Thereby, casino operators try to exploit what is known as the house money effect. However, evidence from the field is scarce and prior research provides explanations that predict different behavioral outcomes. This experimental study analyzes the gambling behavior of 765 casino customers and finds that incentivized customers show not higher but significantly lower levels of risk-seeking behavior, expressed through lower wagers per game and overall smaller losses. This study thus provides evidence against the existence of a house money effect.
Fabian Strebel, TV-Vermarktung im Clubfussball: Eine quantitative Analyse der Werttreiber im europäischen Vergleich, University of Zurich, Faculty of Business, Economics and Informatics, 2015. (Master's Thesis) null
Lukas Rütti, Evidence of Insider Information at Wimbledon A Test of the Efficient Market Hypothesis, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2015. (Master's Thesis) null
Marco Feliziani, Hollywood in Europa: Wie der kulturelle Abschlag den Erfolg von US Kinofilmen beeinflusst, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2015. (Master's Thesis) null
Paolo Bizzozero, Raphael Flepp, Egon Franck, The importance of suspense and surprise in entertainment demand: evidence from Wimbledon, In: UZH Business Working Paper Series, No. 357, 2015. (Working Paper) This paper empirically examines how suspense and surprise explain demand for entertainment. We use the Wimbledon Championships tennis tournament as a natural laboratory. This setting allows us to both operationalize suspense and surprise using the audience's belief about the final outcome of the match and observe of the demand for live entertainment using TV audience figures. Using 8,563 minute-by-minute observations from 80 matches between 2009 and 2014, our fixed-effects estimates show that both suspense and surprise are driving forces behind media entertainment demand. Our results have important implications for the design of entertainment content to maximize entertainment demand.
Remo Sager, Vermarktung von Fussball-Ligen: Analyse europäischer Top-Ligen und Verbesserungsmassnahmen für die Schweiz, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2015. (Master's Thesis) null
Riccarda Danuser, Markteintrittsbarrieren in der Praxis – Eine empirische Analyse anhand von neugegründeten Firmen in der Schweiz, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2015. (Master's Thesis) null
Max Ruth, Strategische Ausrichtung einer Fluggesellschaft im veränderten Luftfahrtmarkt: Eine Rentabilitäts-Analyse des Streckennetzes der Deutsche Lufthansa AG, University of Zurich, Faculty of Business, Economics and Informatics, 2015. (Master's Thesis) null
Tobias Zwimpfer, Cultural Adaption Problems of Players in the International Football Transfer Market: An Empirical Analysis of New Signing Performance in the German Bundesliga , University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2015. (Master's Thesis) null
Lena Holderegger, Erfolgreiches Kundenbeziehungsmanagement in Professional Service Unternehmen: Entwicklung und Validierung eines CRM-Strategie-Frameworks, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2015. (Master's Thesis) null
Marco Schmid, Wie beeinflusst die Eigentümerschaft die strategische Unternehmensführung professioneller Fussballclubs? Evidenzen aus dem Englischen Fussball, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2015. (Master's Thesis) null
Rosa Maria Cacabelos Otero, Three Essays on Word-of-Mouth, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2015. (Dissertation)
Leif Brandes, Marc Brechot, Egon Franck, Managers’ external social ties at work: Blessing or curse for the firm?, Journal of Economic Behavior & Organization, Vol. 109, 2015. (Journal Article) Existing evidence shows that decision makers’ social ties to internal co-workers can lead to reduced firm performance. In this article, we show that decision makers’ social ties to external transaction partners can also hurt firm performance. Specifically, we use 34 years of data from the National Basketball Association and study the relationship between a team's winning percentage and its use of players that the manager acquired through social ties to former employers in the industry. We find that teams with “tie-hired-players” underperform teams without tie-hired-players by 5 percent. This effect is large enough to change the composition of teams that qualify for the playoffs. Importantly, we show that adverse selection of managers and teams into the use of tie-hiring procedures cannot fully explain this finding. Additional evidence suggests instead that managers deliberately trade-off private, tie-related benefits against team performance.
Marc Brechot, A dual perspective on the economics of sports, University of Zurich, Faculty of Economics, Business Administration and Information Technology, 2015. (Dissertation)

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