Technology Adoption and Career Concerns: Evidence from the Adoption of Digital Technology in Motion Pictures

48 Pages Posted: 20 Jul 2023 Last revised: 20 Feb 2024

See all articles by Grant Goehring

Grant Goehring

Boston University, College of Arts and Sciences, Department of Economics, Students

Filippo Mezzanotti

Kellogg School of Management - Department of Finance

S. Abraham Ravid

Yeshiva University - Syms School of Business

Date Written: February 20, 2024

Abstract

This paper studies the impact of career concerns on technological change by analyzing the adoption of digital cinematography in the US motion picture industry. This setting allows us to collect rich data on the adoption of this new technology at the project-level (i.e., movie) as well as on the career of the main decision maker (i.e., director). We find that early career directors played a leading role in the adoption of digital technology and that this effect appears to be explained by career concerns, rather than alternative motives we consider and analyze. Technological savvy also plays a role.

Keywords: Technology Adoption, Career Concerns, Digital Transition, Film Directors.

JEL Classification: D22, L20, M19.

Suggested Citation

Goehring, Grant and Mezzanotti, Filippo and Ravid, S. Abraham, Technology Adoption and Career Concerns: Evidence from the Adoption of Digital Technology in Motion Pictures (February 20, 2024). Available at SSRN: https://ssrn.com/abstract=4507607 or http://dx.doi.org/10.2139/ssrn.4507607

Grant Goehring

Boston University, College of Arts and Sciences, Department of Economics, Students ( email )

270 Bay State Road
Boston, MA
United States

Filippo Mezzanotti (Contact Author)

Kellogg School of Management - Department of Finance ( email )

Evanston, IL 60208
United States

S. Abraham Ravid

Yeshiva University - Syms School of Business ( email )

United States

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