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Medientyp:
E-Artikel
Titel:
Multitasking, Information Disclosure, and Product Quality: Evidence from Nursing Homes
Beteiligte:
Feng Lu, Susan
Erschienen:
Wiley, 2012
Erschienen in:
Journal of Economics & Management Strategy, 21 (2012) 3, Seite 673-705
Sprache:
Englisch
DOI:
10.1111/j.1530-9134.2012.00341.x
ISSN:
1058-6407;
1530-9134
Entstehung:
Anmerkungen:
Beschreibung:
This paper uses a mandatory quality disclosure policy, the Nursing Home Quality Initiative (NHQI), to investigate how quality ‘report cards’ affect firms’ choices of multidimensional product quality. I show that after the introduction of NHQI: (1) scores of quality measures improve for the reported dimensions but deteriorate for the unreported ones; (2) there is no evidence that nursing homes decrease quality‐related inputs; (3) consumer demand becomes sensitive to changes in the NHQI quality measures. These findings are consistent with the multitasking hypothesis that firms may respond to information disclosure by reallocating effort across dimensions of quality without necessarily increasing overall quality.