Home sharing platforms have experienced a rapid growth over the last decade. Following negative publicity, many cities have started regulating the short-term rental market. Regulations often involve a cap on the number of days a property can be rented out on a short-term basis. We draw on rich data for short-term rentals on Airbnb and for the long-term rental market to examine the impact of short-term rental regulations with a day cap on various stakeholders: hosts, guests, the platform provider, and residents.
Publication on Drivers of Direct Selling Performance – Now Available for Free!

Firms using a direct selling (DS) distribution channel delegate selling and sales management responsibilities to an independent-contractor distributor force. The DS firm’s inability to directly control distributors’ efforts, and the fact that most active distributors choose to work part-time rather than full-time at their DS business, makes an examination of the drivers of DS performance outcomes important for academic study and managerial insight.
Does Trying Out VR Headsets Boost Adoption? YES! But there's a catch... A New MCM Article in the Journal of Interactive Marketing!

A new article by MCM scholars Prof. Dr. Thorsten Hennig-Thurau, Alina Herting, and Dr. David Jütte has been accepted for publication in the renowned 𝗝𝗼𝘂𝗿𝗻𝗮𝗹 𝗼𝗳 𝗜𝗻𝘁𝗲𝗿𝗮𝗰𝘁𝗶𝘃𝗲 𝗠𝗮𝗿𝗸𝗲𝘁𝗶𝗻𝗴.
Navigating the Enterprise Metaverse – New XRLab@MCM Article published in Business Horizons!

The rise of digitalization has brought remote meetings via Zoom, and the rise of virtualization has added the enterprise metaverse as another remote meeting format. When, and for whom, do meetings in the virtual spaces make more sense than assembling a team via Zoom or even physically?
What Determines Our Status in Society -- in Digital Times? New MCM Article in Computers in Human Behavior!

In the 1970s, French sociologist Pierre Bourdieu offered an influential answer to this question: our status is shaped by the economic, social, and cultural capital we accumulate. His theory, cited nearly 200k times, remains a cornerstone in social science.
IJRM Publication of the Chair of Value-based Marketing - Now Published!

In light of scarce resources, firms strategically weigh off between investments in value creation and value appropriation. They do so by placing more emphasis on one of the two strategic orientations which defines their strategic emphasis. So far, literature has relied on accounting data – specifically on reported investments in R&D and advertising – to operationalize reported strategic emphasis and studied its association with a firm’s financial performance. Previous studies suggest that firms benefit from emphasizing value appropriation.
New IJRM Publication of the Chair of Marketing Management - Now Available in Print

Knowledge of a customer's willingness to pay (WTP) at early stages of product development is key to the success of innovations. However, since innovative products do not exist yet, only the hypothetical WTP can be surveyed, inducing a measurement bias. Unfortunately, little is known about the factors that induce this bias and how it differs depending on the method utilized in measuring WTP.
XRLab@MCM Receives Jagdish N. Sheth Best JAMS Article Award 2023!

The article “Social Interactions in the Metaverse: Framework, Initial Evidence, and Roadmap,” by the MCM’s eXperimental Reality Lab (XRLab@MCM) current members Prof. Thorsten Hennig-Thurau, Nilusha Aliman, and Alina Herting, together with former XRLab members Gerrit Cziehso, Marc Linder, and Prof. Raoul Kübler (now at ESSEC) has been honored with the prestigious Jagdish N. Sheth Best JAMS Article Award 2023 by the Journal of the Academy of Marketing Science (JAMS) Editorial Board! The Best Article Award recognizes the authors of the outstanding article published in JAMS in a given year.
Dissertation by Felix Lehmkuhle honored with Preis der Deutschen Marktforschung 2024

Dr. Felix Lehmkuhle, former research assistant at the Chair of Marketing Management (IfM), has been awarded the prestigious Preis der Deutschen Marktforschung 2024 for his dissertation. His research “Is New Always Better? The Future of Physical Stores" was supervised by Prof. Dr. Manfred Krafft.