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The Influence of Celebrity Endorsements on Stock Prices

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  • Ryan Ladner

Abstract

Celebrity endorsements have been long been used to promote companies’ products and strengthen brands; however, celebrity endorsements can also be linked to an increase in company stock prices. The purpose of this paper is to examine the influence of celebrity endorsements on stock prices. An overview of the theoretical framework of the celebrity will be applied to stock analysts and a review of the abnormal returns of this influence will be presented.

Suggested Citation

  • Ryan Ladner, 2012. "The Influence of Celebrity Endorsements on Stock Prices," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 2(3), pages 238-238.
    • Handle: RePEc:ers:ijfirm:v:2:y:2012:i:3:p:238
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    References listed on IDEAS

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    1. Brad M. Barber & Terrance Odean, 2008. "All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors," The Review of Financial Studies, Society for Financial Studies, vol. 21(2), pages 785-818, April.
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    Cited by:

    1. Chen, Xiaohui & Choi, Paul Moon Sub & Kim, Sang-Joon & Lee, Jangwook & Kim, Seung-Hee, 2025. "Do influencers pay? Evidence from the Internet celebrity economy in China," The Quarterly Review of Economics and Finance, Elsevier, vol. 103(C).

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