Strategic Disclosure: The Case of Business School Rankings

  title={Strategic Disclosure: The Case of Business School Rankings},
  author={Michael Luca and Jonathan Smith},
We empirically analyze disclosure decisions made by 240 MBA programs about which rankings to display on their websites. We present three main findings. First, consistent with theories of countersignaling, top schools are least likely to disclose their rankings, whereas mid-ranked schools are most likely to disclose. 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… CONTINUE READING
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