Strategic disclosure
Subtitle: the case of business school rankings
By: Michael Luca, Jonathan Smith
Contributors: Smith, Jonathan; Harvard Business School
Series: Working paper / Harvard Business School -- 14-010; Working paper (Harvard Business School) -- 14-010
Publisher: Harvard Business School
Published: 2013
Place of publication: Boston]
Language: eng
Description: Using a novel data set, we present three findings about the rankings that business schools choose to display on their websites. First, the data strongly rejects patterns predicted by classic models of voluntary disclosure. In contrast with the traditional unraveling hypothesis, top schools are least likely to display their rankings. Second, schools that do poorly in the U.S. News rankings are more likely to disclose their Princeton Review certification, suggesting that schools treat different certifications as substitutes. Third, conditional on displaying a ranking, the majority of schools coarsen information to make it seem more favorable.
Notes: "July 2013."--Publisher's Web site.

Includes bibliographical references.