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Tackling the "Galácticos" effect: team familiarity and the performance of star-studded projects

Author

Listed:
  • Gino Cattani
  • Simone Ferriani
  • Marcello M. Mariani
  • Stefano Mengoli

Abstract

Findings on the performance implications of assembling star-studded teams have remained rather mixed. We elaborate on the theoretical reasons for current inconclusive findings and delineate more precise boundary conditions for studying the relationship between stars and project-level performance. Specifically, we argue that lack of scholarly attention to team familiarity may account for empirical results' observed inconsistency. Our findings show that a history of past collaboration reduces the downsides of having too many stars within the same team. Previous interactions enhance coordination efforts by reducing conflicts among team members. We situate the analysis within the context of the Hollywood film industry over the period 1992--2004. The theoretical implications of the results are discussed. Copyright 2013 The Author 2013. Published by Oxford University Press on behalf of Associazione ICC. All rights reserved., Oxford University Press.

Suggested Citation

  • Gino Cattani & Simone Ferriani & Marcello M. Mariani & Stefano Mengoli, 2013. "Tackling the "Galácticos" effect: team familiarity and the performance of star-studded projects," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 22(6), pages 1629-1662, December.
    • Handle: RePEc:oup:indcch:v:22:y:2013:i:6:p:1629-1662
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    File URL: http://hdl.handle.net/10.1093/icc/dtt001
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    Cited by:

    1. Elia, Stefano & Giuffrida, Maria & Mariani, Marcello M. & Bresciani, Stefano, 2021. "Resources and digital export: An RBV perspective on the role of digital technologies and capabilities in cross-border e-commerce," Journal of Business Research, Elsevier, vol. 132(C), pages 158-169.
    2. Pamela Adams & Roberto Fontana & Astrid Marinoni, 2018. "More “team” than “fame”: spin-off success in the US television sitcom industry," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 27(6), pages 957-974.
    3. Sylvain Lenfle & Jonas Söderlund, 2019. "Large-Scale Innovative Projects as Temporary Trading Zones: Toward an Interlanguage Theory," Post-Print hal-02390158, HAL.
    4. Ronny Behrens & Natasha Zhang Foutz & Michael Franklin & Jannis Funk & Fernanda Gutierrez-Navratil & Julian Hofmann & Ulrike Leibfried, 2021. "Leveraging analytics to produce compelling and profitable film content," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 45(2), pages 171-211, June.
    5. Giovanni Radaelli & Claudio Dell’Era & Federico Frattini & Antonio Messeni Petruzzelli, 2018. "Entrepreneurship and Human Capital in Professional Sport: A Longitudinal Analysis of the Italian Soccer League," Entrepreneurship Theory and Practice, , vol. 42(1), pages 70-93, January.
    6. Lutter, Mark, 2014. "Creative success and network embeddedness: Explaining critical recognition of film directors in Hollywood, 1900-2010," MPIfG Discussion Paper 14/11, Max Planck Institute for the Study of Societies.
    7. Matteo Prato & Fabrizio Ferraro, 2018. "Starstruck: How Hiring High-Status Employees Affects Incumbents’ Performance," Organization Science, INFORMS, vol. 29(5), pages 755-774, October.
    8. Fabio Fonti & Massimo Maoret, 2016. "The direct and indirect effects of core and peripheral social capital on organizational performance," Strategic Management Journal, Wiley Blackwell, vol. 37(8), pages 1765-1786, August.
    9. Luís A Nunes Amaral & João A G Moreira & Murielle L Dunand & Heliodoro Tejedor Navarro & Hyojun Ada Lee, 2020. "Long-term patterns of gender imbalance in an industry without ability or level of interest differences," PLOS ONE, Public Library of Science, vol. 15(4), pages 1-17, April.

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