Strategic Disclosure: The Case of Business School Rankings
Harvard Business School - Negotiations, Organizations & Markets Unit
Advocacy and Policy Center - College Board
July 18, 2013
Harvard Business School NOM Unit Working Paper No. 14-010
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.
Number of Pages in PDF File: 23
Keywords: Voluntary Disclosure, Shrouded Attributes, Information Unraveling, Rankingsworking papers series
Date posted: July 20, 2013
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