Tuesday, August 25, 2020

Impact Of Eastern European Immigration On United Kingdom Economics Essay

Effect Of Eastern European Immigration On United Kingdom Economics Essay Is the assessment against migration in the United Kingdom very much established or is movement utilized simply as a substitute for the monetary failings of liberal law based society? In an ongoing overview by Populus including in excess of 5,000 respondents, two out of three white Britons felt that migration was awful for UK, a view reverberated by almost 43% of Asians and 17% dark Britons. [1] Recently, features have profited by the passing of multiculturalism and how the entire approach on movement has lost its allure.â [2]â Unmistakably, the movement banter is a quarrelsome one. The financial downturn is Europes focal political and strategy distraction. In such an atmosphere, it is obvious that the estimation of financial movement has gone under investigation. Concerns are not really constrained in the UK. [3] Rising movement is likewise basic to many industrialized nations, where the normal portion of workers in the work power has expanded from 4.3% to 7.2% somewhere in the range of 1995 and 2005. [4] In the wake of the worldwide war on dread and the financial downturn, the pervasive inclination today is hostile to settler and shockingly, as indicated by certain rights gatherings, verging on racism. [5] Lest we depend permit theory and feeling to outweigh everything else on the issue, it is ideal to explore observational proof on the effect of migration on the UK. Pundits of movement strategy have battled that the nearness of workers have made more negative than positive ramifications for t he UK economy, that the remarkable ascent of settler populaces have caused descending weight on compensation, taken work off local Britons, with foreigners going for a free-head out UKs government assistance framework and the requirement for more noteworthy integration. [6] Most of these reactions depend on hypotheses; exact examinations on the effect of migration on the UK are moderately youthful and have blended discoveries. A few examinations bolster the dispute that the movement expand has decreased wages for Britonsâ [7]â but a few investigations have likewise upheld the positive commitments of workers in the UK economyâ [8]â and whatever impacts migration may have on work, are minimal.â [9]â One of the biggest migrant gatherings that have positively shaped UK society are Eastern Europeans the individuals who were caught up in the work powers because of the promotion of eight nations the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia and Slovenia to the European Union. [10] The land references Eastern Europe is utilized reciprocally with East Central Europe, the previous Soviet Union, the Balkans, or the Baltic district. With regards to movement and in the examination being led in this theory, Eastern Europe will allude to the alleged Accession 8 nations before referenced. The flood of Eastern European transients is because of a few elements. Strategically, EU strategy is ascribed to be the most critical driver of movement in the UK. The free progression of transient laborers from Eastern Europe was fuelled by the EU Four Freedoms systematized in a 2004 Directive. [11] While a large portion of EU part nations thought of movement limitations, UK alongside Sweden and Ireland didn't. Vagrant workers from the A8 nations have gone back and forth openly in the UK since 2004. Beside strategy drivers, financial drivers likewise affected movement designs. Supposed financial push and pull factors decide the development and withdrawal of vagrant work flexibly in the UK. Among the push factors remember expanding neediness for the nations of inception, overpopulation, and overabundance hands on work. Nations from the previous Communist coalition endured monetarily and had enormous sections of jobless specialists in their populace combined with lessening social administrations. These troubles are irritated by a steady development in populace, low degrees of instruction, and absence of training.â [12]â Pull factors are those emerging from work request in getting nations, for example, the UK. Specific segment qualities could clarify the draw in transient work from Eastern Europe. For example, UK has seen declining richness rates, a maturing populace, and a rising degree of exceptionally taught experts which is progressively careful about bothersome humble jobs. [13] Undesirable employments are described by low wages, extended periods, and absence of professional stability those that intrigue less to local Britons and more to outsiders. Occupations that fit into this class have been developing at a consistent pace. Somewhere in the range of 1979 and 1999, employments having a place with the ten most reduced paid occupations expanded by 12 percent. [14] A little level of these laborers get social advantages; 3 out of 5 of them are not qualified for maternity or paternity leave; half of them don't get raises; and in excess of 50 percent didn't get debilitated compensation. Stud ies have demonstrated how around 90 percent of the most reduced paid occupations in the UK are taken up by transient workers.â [15]â Beside the monetary push and pull which persuade relocation for most Eastern European specialists, social and political factors likewise noteworthy impact these choices. Movement is additionally fuelled by the longing to rejoin with family or fabricate informal communities. An investigation shows that the significant of informal organizations and family union can't be limited as critical elements impacting relocation decisions. [16] New transients are typically the individuals who as of now have relatives filling in as vagrants in the UK and the choice to move is generally because of introductory family relocation. A report shows that the relocation of Eastern Europeans to England is for the most part through informal exchange and family organizes. Family referrals are the most well-known courses to getting employment. [17] The significance of family arranges is frequently observed as an aid or a bane by accepting networks. To the transient networks, movement encouraged throu gh family organizes fill in as establishment of network solidarity and development. To accepting networks, such network arrangements may prompt the ghettoisation of transient networks, giving concerns that vagrants don't acclimatize enough with the standard society. [18] This, in actuality, powers doubt and othering of transient specialists, and laying the reason for security concerns. Most definitely, the regular dread is the unregulated passage of transients and refuge searchers may prompt expanding inclusion with sorted out crime.â [19]â The most powerful contention made by migration pundits so far is to stress the negative outcomes of Easter European movement on work. Saying that the flood of modest work from Central and Eastern Europe causes a descending weight on compensation has been stated as ahead of schedule as 2004 by business analysts. In 1999, an investigation led by the Department of Education and Employment thought of ends supporting this dread: it found that if more elevated levels of incompetent laborers came in, local Britons would be on the losing end and that if the inverse were valid and relocation rather pulled in profoundly gifted specialists, local Britons would get the long finish of the stick. [20] In expansion, ongoing examinations have likewise reverberated the finding that the ongoing migration levels have altogether decreased wages of British workers. [21] The burdens of movement on professional stability of British laborers have been to a great extent advertised in the mediaâ [22] â despite experimental investigations for the most part negating this case. Actually, a few financial papers have discovered that the relocation streams preceding 2000 until 2005 have indicated almost no proof of a negative effect. Explicit examinations on the effect of Eastern Europe settlers have likewise expressed that the general dread related with vagrant work doesn't have observational basis. [23] Econometric considers have additionally negated speculations that the expanding number of foreigners from the A8 nations have prompted rising joblessness among British workers. [24] What is thought about the effect of Eastern European migration is little contrasted with U.S. contemplates looking at relocation results. By the by, a significant measure of academic writing is available. This current work surveys academic material and econometric investigations identified with the effects of relocation from A8 nations on the results of local Britons in three circles (1) work, (2) culture, and (3) security. This paper utilizes the term settlers and movement to allude to individuals began from any of the A8 nations to remain briefly or for all time in the UK. With the end goal of this examination, the term workers is utilized as a class under which work vagrants, shelter searchers, and political outcasts all fall under. Exploration Questions The investigation concentrated on responding to the accompanying inquiries: What is the verifiable setting of Eastern European migration to the UK? What are the present relocation drifts in Eastern European migration? What is the effect of Eastern European migration on a) work, b) culture, and c) security? Structure of the Paper This paper is organized into four primary segments. The principal area incorporates a concise depiction of the verifiable setting of relocation in Europe. Additionally, the historical backdrop of relocation in Britain is especially inspected. The subsequent part manages the latest movement examples and relocation patterns of Eastern Europeans to the UK. It inspected the ascent and fall of movement numbers and record for potential factors that prompted these patterns. The third segment introduced a short conversation on the significant strategies that have influenced relocation patterns of Eastern Europeans toward the UK. The fourth segment made a careful survey of the discoveries of insightful investigations especially econometric examinations that have managed the issue of movement impacts. In the first place, the effect on work is analyzed whether immigra

Saturday, August 22, 2020

Effect of positive feedback on achievement Essay

Impact of positive input on accomplishment - Essay Example The investigation centers upon the effect of positive input on accomplishment. This may be best upheld by the possibility of developmental appraisal procedures, which help in forming a student’s learning capacity and instructive additions gained by the kid during the procedure of study hall training. Collaboration between an instructor and an understudy is the way to progress in the powerful gains from training accumulating to the understudy. Developmental instructive procedures involve the analytic use of assessment implies where the instructor needs to survey an understudy dependent on perceptions, conversations in the homerooms, schoolwork done by the understudy, tests and investigation of crafted by an understudy. Taras (2008) takes note of that much should be done so as to comprehend the ongoing upgrades or changes realized in the zone of appraisal in instruction. Dark and William (1998) in their work â€Å"Inside the Black Box† see that the assessment framework is developmental when the inputs or data gathered by the educators are used in reshaping the instructing and learning procedure with the end goal that the real necessities are met. These might join some elective showing rehearses, alterations in the guidance or giving more events to practice to the understudies. The point of this paper is to investigate the effect of positive input on the accomplishment of a person with an attention on the regions of progress basic for the execution of developmental evaluation methods. With regards to training, appraisal assumes a significant job. This is particularly evident if there should be an occurrence of youngsters and teenagers. Certain instructors accept that acquiring includes the exchange of information from the educators to the students and comprehension can grow later. Others are resolved to frame a showing base, which includes cooperations. In such a situation developmental

Tuesday, July 28, 2020

Campus Snacks

Campus Snacks Hey pals, I was eating a bowl of oatmeal the other day, and I thought it would be ideal to talk about foods to keep in your room, especially if you’re going to be  living in a residence hall. I like to keep small little snacks like almonds, popcorn or peanut butter crackers in my room at all times, and this really helps for the days that I’m just on the go and I don’t have time to stop for lunch at a dining hall, because i can just stick a snack in my backpack. For meals, I would definitely recommend stocking up on your favorite cereals by either going to walmart or just stopping by Ikenberry Dining hall and using your cafe credits. I would also recommend getting warm meals for the winter like oatmeal or ramen. My favorite place to go for ramen, is a little store on Goodwin Ave, around the corner from the Illinois Street residence hall called 710 mart. The ramen is really inexpensive and they have a large variety of other snacks you can buy. I think a big obvious meal choice is also microwavable mac and cheese, and if you have a mini fridge you can store actual cheese and add it to the micro-mac to fancy it up little. Well, that’s all the advice I have for now! Thanks for reading, and keep snacking! Indyia Class of 2019 I’m an Art Foundation student in the College of Fine and Applied Arts, and after Art Foundation I plan on majoring in Art Education. With my degree and teaching certificate, I want to teach children how to use their emotions, thoughts, and surroundings to create art.

Friday, May 22, 2020

Affirmative Action in Higher Education - Free Essay Example

Sample details Pages: 4 Words: 1262 Downloads: 1 Date added: 2019/10/30 Category Society Essay Level High school Tags: Affirmative Action Essay Did you like this example? Affirmative action in higher education has been a very controversial topic in the American education system for several years. Many people around the world have constructed their own ideal definition of what affirmative action means to them, leading others to have a confused misconception of what the true meaning of affirmative action is. Affirmative action can be acknowledged as a form of â€Å"positive discrimination†. Don’t waste time! Our writers will create an original "Affirmative Action in Higher Education" essay for you Create order It is a policy that was created in 1961 by President John F. Kennedy to favor those who tend to be discriminated against in areas of employment and education. It is primarily appointed to help women, minorities such as Native Americans, African Americans, Hispanics, Asians, Lesbian, Gay, Bisexual, and transgender (LGBT) individuals, and those that are disabled. In March of 1961, President Kennedy issued Executive Order 10925, establishing the President’s Committee on Equal Employment Opportunity. The mission of this executive order was to end discrimination in employment and education by the federal government and its contractors. It was this order that initiated our national commitment to affirmative action in both the workplace and in higher education— â€Å"our determination to take positive steps to extirpate all preference by race† (Cohen 12). Many people believe that affirmative action is a form of racism or discrimination in the school system, however it is actually a forum by which minorities have a better opportunity to obtain higher education in what can be presumed as a racist world. On the contrary, critics have insisted that affirmative action is ill-favored and objectionable. Barry Gross proclaims that it is unfair to the white males against whom it discriminates. He states that non-minority males are deprived of equal opportunity because affirmative action selects minorities or women candidates over more qualified non-minority males (Cohen 264). A various amount of critics and scholars provide impressive amounts of debatable ideas in regards to affirmative action in higher education. The efforts of affirmative action to improve the racial disparities in higher education in America does not create a practical solution but rather, it creates the same type of divided environment that was previously present in society due to racial disadvantages and it also faces the same struggle that it tries to extinguish. In this essay, I will concentrate on these problems in regard to the policy of affirmative action as well as delve deeper into how minorities of different ethnicities and sexualities are affected by the policy. Affirmative action may not be a practical solution to maintaining fair grounds for all people in the college admission process. It creates more of a divided environment in that the current forum does not reflect a level playing field for all people as promised by the program when it was first introduced. According to NPR, Americans were surveyed by the management consulting company Gallup. The findings from the survey indicate that Americans largely support the idea of affirmative action but also oppose preferential treatment for minorities in the college admissions process. 70% of Americans suggested that the ethnic and racial background of college applicants should not be considered but college applicants should be exclusively judged on their academic merit only, even if that ultimately means a smaller amount of minority individuals are admitted to college (Rozen 1). This is where the concept of affirmative action in higher education has many conflicting viewpoints. If college appl icants were to be judged solely on their academic merit, colleges all around the nation would not have a diverse group of students and it would prohibit several groups of people from obtaining the proper education that is needed in order to prosper and succeed. For this reason, college admission officers try to look at every single applicant with a holistic review so that everything about a person and their background is taken into account. With this approach, admission officers are able to look at the numerical and non-numerical aspects of an applicant so that they can admit interesting students of different demographics that have something meaningful to bring to the college’s community. In order to move forward towards a more just and equal society when in comes to acquiring a good education, it is imperative that the demographics of people that have been negatively impacted by discrimination are given the same opportunity that non minorities have already had for several decades. Chambers writes, â€Å"Even the strongest critics of affirmative action acknowledge that to advance toward a colorblind (racially just) and gender-free (sexually just) society, we will sometimes have to depart from the status quo, for example, by favoring qualified women or minority candidates over qualified men or non minority candidates when the qualified women or minority candidates have themselves directly suffered from proven past discrimination† (Chambers 202). Many men or non minority candidates tend to often dispute that affirmative action presents a form of â€Å"reverse discrimination† towards them and does not give them a level playing field to get accepted into col lege. Contradictorily, a majority of the student population at colleges in the United States are made up of at least 50% caucasian students somewhat proving that â€Å"reverse discrimination† in the college system and in affirmative action does not exist. Affirmative action is solely there just to give minorities a fair chance to go to college too. Furthermore, Jan Boxill, an American academic who was Senior Lecturer in Philosophy (ethics) at the University of North Carolina at Chapel Hill, builds upon this stance by stating, â€Å"Although these nonminority males may not actually have discriminated against women and minorities themselves, Boxill argues that they have benefited from the discrimination of others, for example, through unequal educational opportunities. Hence, women and minorities do deserve compensation for this unjust discrimination, and, moreover, affirmative action seems to be an appropriate form of compensation† (Cohen 265). Giving minorities more of an opportunity to obtain a good education allows for a more diverse group of people to have the required level of expertise to get a good job after college and pursue a successful career. In addition, even though affirmative action was created to help minorities, it is still hurting the chances of a large demographic of people from getting into college. Asians are one of the minority groups that are greatly impacted in the college admissions process. â€Å"Harvard uses the important personal rating to deflate Asian American admission chances, while it inflates the chances for blacks and Hispanics. A chart was displayed showing racial categories of students who had earned the highest academic scores. The top Asian Americans consistently received the lowest personal ratings, while the top African American applicants were awarded the highest personal ratings† (Biskupic 1). Asians are currently being discriminated against in the college admissions process because so many of them apply to colleges and tend to usually be well qualified in the numerical aspects of their applications. However, admissions officers do not believe that they are qualified in the non numeri cal aspects of their application. Asian Americans found that Harvard admissions uses racist stereotypes to describe Asian students. This method of unfair treatment led to a lawsuit being filed against the university for discriminating against Asian American applicants (Wong 1). It is assumed that if colleges were to accept even more Asian Americans over other minorities, the demographics of minorities at colleges would be mostly made up of Asians, which would conclude to a less diverse community. This is a big problem along with many others that needs to be addressed. Even though affirmative action was created to make a level playing field for all college applicants, it seems that it is slowly diverting away from its main purpose and actually hurting those that it is supposed to help.

Saturday, May 9, 2020

Government And Large Financial Institutions - 1937 Words

Research suggests that government and large financial institutions should not be allowed to regulate cryptocurrency, because eventually it will change cryptocurrency to mirror our current paper currency system, and ultimately remove the freedom and anonymity associated with the use of cryptocurrency. The use of Cryptocurrency has become more prevalent across the globe. Regulation seems like the next logical step in evolution and legitimacy, but this will ultimately lead to large financial institutions and government establishing the standards and determining the value. At that stage cryptocurrency may still be categorized as a decentralized form of currency, but the behavior will be that of a centralized system overseen by the same institutions who govern our monetary systems today. Many people think of cryptocurrency as a new and innovative payment system, yet it’s much like forms of money that the world has seen in the past, before governments and central banks exerted their control. In many ways, cryptocurrency completes the cycle started when money began to take hold in the Renaissance, when value and control was not determined by any government but rather by the issuers of notes and the customers who used those notes. One of the most popular cryptocurrencies available is Bitcoin. Bitcoin is regulated differently in the People’s Republic of China (PRC), Canada, and the United States, and no country has currently backed Bitcoin. Launched in 2009, and founded by SatoshiShow MoreRelatedWhy A Company Is Big Enough997 Words   |  4 Pagesbenefits of having large institutions along with the problems that come with them. It will also mention the amount of concentration in the banking industry, the size of the firms and the market share they represent. There have been proposed policies that can help reduce the risks of these large financial institutions. Some institutions however, have challenged proposed policies and decisions by the Financial Stability Oversight Council that declares them as a financial institution important enoughRead MoreFinancial Crisis 2009 Essay1371 Words   |  6 PagesFinancial Crisis 2009 The United States has seen this situation before and survived; but not without change. Any solution to the current financial crisis will need to include the three players; individuals, banks, and the government. All three will also need to be held accountable. Many individuals have stepped beyond their personal means, financial institutions have acted with blatant neglect, and so far the government has in essence stood by and supervised the entire show. CapitalismRead MoreThe Scope Of Federal Safety Net1206 Words   |  5 Pageslarger banks to avoid the situation of a failure of such banks will lead to failure of other banks. Randall argues that the federal safety net should be limited only to banking institutions and should not enlarge to non-banking institutions. For the reason that in case of failure of such large non-banks and banks, government will have to use taxpayer funds to absorb such losses in the economy, which is unfavorable. Therefore, the author suggests that ma rket discipline should be implemented at the timeRead MoreFinancial Institutions And Its Effect On The Economy Essay975 Words   |  4 Pagescorporation is too large and embedded within an economy, the government will provide assistance to ensure that it never fails. Large financial institutions normally do business with other corporations for services and supplies. When the large financial institution fails, the companies that depend on the larger financial institution for a portion of its income might fail as well. As a result, jobs will be loss and cause a domino effect. This phrase describes the belief that when a large corporation failsRead MoreWhat Is A Financial Crisis?1671 Words   |  7 PagesWhat is a financial crisis? According to Mishkin and Eakins (2015), â€Å"a financial crisis occurs when information flows in financial markets experience a particularly large disruption, with the result that financial frictions and credit spreads increase sharply and financial mar kets stop functioning. Then economic activity will collapse† (p.165). Throughout history the United States of America has experienced six significant financial crises. Each crisis left the United States of America’s economyRead MoreFinancial Accounting Reporting1248 Words   |  5 PagesFinancial Accounting Reporting Introduction In the last few years, the issue of financial regulations has been increasingly brought to the forefront. This is because of a number of high profile scandals are highlighting how abuses are occurring from the lack of regulation. A good example of this can be seen with adjustable rate mortgages (ARMs). In the early 2000s, this was considered to be an effective way for many low income and minority families to purchase a home. However, as the economyRead MoreGovernment Bailout for Corporate Failures Essay1458 Words   |  6 PagesGup (2003) brings out that financial trouble is a periodical concern that occurs to banks, industrial companies and other organizations. Gup begins his article by reviewing the history and importance of government bailouts for corporate failures. In his article on â€Å"What Does Too Big to Fail Mean?† he uses rhetoric questions in order to engage the readers in his analysis of government bailouts. For instance, he poses the question, â€Å"what shou ld governments and government regulators do about it?† (GupRead MoreTheu.s. Housing Market And The U.s. Financial Crisis1448 Words   |  6 Pagesbetween 2007 and 2009, led to the biggest global financial crisis. The impact of this crisis extended over the world, and the economies of many countries were damaged. Kawai stated that: ‘The ongoing global crisis has had a profound impact on the Asia and Pacific region, particularly on its exports.’ (2009:1) There were a lot of factors which brought about the crisis. Due to limited space, this essay will look at the U.S. housing market and the U.S. financial system, and discuss the increasing demand ofRead MoreThe Issue Of The Subprime Mortgage Crisis Essay1004 Words   |  5 PagesBackground: The Subprime Mortgage Crisis or so called â€Å"United Housing Bubble† is considered as the most serious recession after 1929. The crisis involved not only one or couple companies but the whole U.S. Financial and Real Estate industry. Furthermore, the crisis lead to millions of people in US lost their houses, or homes and several industry giants failed down like Lehman Brothers, American International Group, and Merrill Lynch and so on. The effect of the crisis influenced not only AmericaRead MoreNotes On Credit Default Swaps1401 Words   |  6 PagesCredit Default Swaps Another financial vehicle that could be problematic was CDS (credit default swap). CDS is a financial derivative works like insurance on securities. The underwriter is obligated to pay a pre-determined fee to counterparty if a certain security default. In return, underwriters charge a fee as compensation. CDS can be used to hedge against risks. However there are still some difference between a CDS and an insurance contract. The CDS does not require buyers to actually hold underlying

Wednesday, May 6, 2020

The Dusk Free Essays

Norman Gortsby sits on a park bench at dusk, a time when, in his estimation, individuals who have experienced defeat in their lives can sojourn unrecognized. An elderly gentleman sits nexts to Gortsby, and Gortsby judges him to be a lonely person of no consequence. After a short time, the old man leaves, and his place is taken by a younger man, better dressed than his predecessor but equally downcast. We will write a custom essay sample on The Dusk or any similar topic only for you Order Now The man tells Gortsby a sad story of having gone out to buy some soap, then not having been able to find his hotel. Gortsby responds that he had once done the same thing, only in a foreign country, to which the man rejoins that in a foreign land, one could go to the Consul for help, but here at home, there is no help to be had, unless â€Å"some decent chap† would believe his story and lend him some money. Gortsby says he will lend the man some money if he can produce the soap as proof that his story is true, but the man cannot, and walks away. Looking on the ground, Gortsby spies a new bar of soap, goes after the man, and lends him the money. When he returns to the park bench, however, the elderly gentleman who was sitting next to him originally is searching the ground for a lost bar of soap. Two elements of humor that the author uses in this story are comic irony and satire. Comic irony occurs when the reader knows something that a character does not, and in this story is evidenced when the young man drolly ends his sad tale with a veiled request for mone. The man obviously has told his story to make Gortsby feel sorry for him and lend him some money, but Gortsby does not know for sure that his story is a lie. Satire is the use of humor to expose a human frailty. Gortsby’s inability to judge his counterparts correctly is comically pointed out in his unstated chagrin when he discovers that, through his own miscalculation, he has allowed the young man to outwit him with his sad story of woe. How to cite The Dusk, Papers

Tuesday, April 28, 2020

Key Success Factors for Online Advertising Essay Example

Key Success Factors for Online Advertising Essay Social Advertising Catherine Tucker? February 15, 2012 Abstract In social advertising, ads are targeted based on underlying social networks and their content is tailored with information that pertains to the social relationship. This paper explores the e? ectiveness of social advertising using data from ? eld tests of di? erent ads on Facebook. We ? nd evidence that social advertising is e? ective, and that this e? cacy seems to stem mainly from the ability of targeting based on social networks to uncover similarly responsive consumers. However, social advertising is less e? ective if the advertiser explicitly states they are trying to promote social in? uence in the text of their ad. This suggests that advertisers must avoid being overt in their attempts to exploit social networks in their advertising. Catherine Tucker is Associate Professor of Marketing at MIT Sloan School of Management, Cambridge, MA. and Faculty Research Fellow at the NBER. Thank-you to Google for ? nancial support and to an anonymous non-pro? t for their cooperation. Thank-you to Jon Baker, Ann Kronrod, Preston Mcafee, and seminar participants at the George Mason University Roundtable on the Law and Economics of Internet Search, the University of Rochester, UCLA and Wharton for valuable comments. All errors are my own. ? 1 Electronic copy available at: http://ssrn. com/abstract=1975897 1 Introduction Recent advances on the internet have allowed consumers to interact across digital social networks. This is taking place at unprecedented levels: Facebook was the most visited website in the US in 2010, accounting for 20% of all time spent on the internet, a higher proportion than Google or Yahoo! ComScore, 2011). However, it is striking that traditional marketing communications have been at the periphery of this explosion of social data despite the documented power of social in? uence on purchasing behavior. Much of the emphasis on marketing in social media, so far, has been on the achievement of ‘earned reach,’ whereby a brand builds it s subscriber base organically and also hopes that this will in? uence others organically through sharing links with their social networks (Corcoran, 2009). However, recent research by Bakshy et al. 2011) has emphasized that this kind of organic sharing is far rarer than previously supposed, and that there are very few examples of a commercial message being consistently transmitted across social networks. Further, Tucker (2011a) shows that in order to achieve virality, an advertiser may have to sacri? ce the commercial e? ectiveness of their message. This means that advertisers may need to use paid advertising to facilitate the sharing of their commercial message through social networks. Both Facebook and LinkedIn have recently introduced a new form of advertising called ‘social advertising. A social ad is an online ad that ‘incorporates user interactions that the consumer has agreed to display and be shared. The resulting ad displays these interactions along with the use r’s persona (picture and/or name) within the ad content’ (IAB, 2009). This represents a radical technological development for advertisers, because it means that potentially they can co-opt the power of an individual’s social network to target advertising and engage their audience. This paper asks whether social advertising is e? ective, and what active steps advertisers themselves should take in their ads to promote social in? ence. 2 Electronic copy available at: http://ssrn. com/abstract=1975897 We explore the e? ectiveness of social ads using data from a ? eld experiment conducted on Facebook by a non-pro? t. This ? eld experiment compared the performance of social ads with conventionally targeted and untargeted ads. The social ads were targeted to the friends of ‘fans’ of the charity on Facebook. The ads featured that fan’s name and the fact that they had become a fan of this charity. We ? nd that on average these social ads were more e? ective than demographically targeted or untargeted ads. We will write a custom essay sample on Key Success Factors for Online Advertising specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Key Success Factors for Online Advertising specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Key Success Factors for Online Advertising specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Further, this technique is useful for improving both the performance of demographically targeted and untargeted campaigns. Comparing the performance of these ads that contained the name of the fan and were targeted towards the fan’s friends with those that were simply targeted to that fan’s friends suggests that their e? ectiveness stems predominantly from the ability of social targeting to uncover similarly responsive consumers. We present results that suggest that as well as being more e? ective at gathering clicks, social advertising is also more e? ective at promoting actual subscriptions to the newsfeed and is more cost-e? ctive. We then turn to investigate how advertisers should word their social advertising. Through randomized ? eld tests, we investigate the e? ectiveness of advertisers deliberately promoting social in? uence in their advertising copy through including a statement that encourages the viewer to, for example, ‘be like their friend. ’ W e ? nd that consumers reject attempts by advertisers to explicitly harness or refer to a friend’s actions in their ad copy. This result contrasts with previous empirical research that ? nds consistent bene? ts to ? rms from highlighting previous consumer actions to positively in? ence the consumers’ response (Algesheimer et al. , 2010; Tucker and Zhang, 2011). This rejection is reasonably uniform across di? erent wording, though slightly less severe for ads that make a less explicit reference to friendship. We then present additional evidence to rule out two potential explanations for our ? ndings. First, we rule out that the overt mention of social in? uence simply made people aware they were seeing an ad rather than something organic to the site. We do this by comparing an ad that states it is an ad with an ad that does not, and ? nding no di? rence. 3 Second, to investigate whether it was simply bad advertising copy, we examined how the ads perform for a group of Fa cebook users who have shown a visible propensity for social in? uence. We identify such users by whether or not they have a stated attachment to a ‘Fashion Brand’ on their Facebook pro? le. These users, in contrast to our earlier results, react more positively to the advertiser explicitly co-opting social in? uence than to a message that did not. This suggests that it was not simply that the message was badly communicated, but instead re? cts a taste (or more accurately distaste) for explicit references to social in? uence among most, though not all, consumers. This research builds on a literature that has studied the interplay between social networks and word of mouth. Zubcsek and Sarvary (2011) present a theoretical model that examines the e? ects of advertising to a social network, but assume that a ? rm cannot directly use the social network for marketing purposes. Instead, ? rms have to rely on consumers to organically pass their advertising message within the soci al networks. There has been little work on advertising in social networks. Previous studies in marketing about social network sites have questioned how such sites can use advertising to obtain members (Trusov et al. , 2009), and also how makers of applications designed to be used on social network sites can best advertise their products (Aral and Walker, 2011) through viral marketing. Hill et al. (2006) show that phone communications data can be used to predict who is more likely to adopt a service, Bagherjeiran et al. (2010) present a practical application where they use data from instant messaging logs at Yahoo! to improve online advertising targeting, and similarly Provost et al. 2009) show how to use browsing data to match groups of users who are socially similar. Tucker (2011b) explores how privacy controls mediate the e? ectiveness of advertising on Facebook. However, to our knowledge this is the ? rst academic study of the e? ectiveness of social advertising. Managerially, our results have important implications. Social advertising and the use of onl ine social networks is e? ective. However, when advertisers attempt to reinforce this social 4 in? uence in ad copy, consumers appear less likely to respond positively to the ad. This is, to our knowledge, the ? st piece of empirical support for emerging managerial theories that emphasize the need for ? rms to not appear too obviously commercial when exploiting social media (Gossieaux and Moran, 2010). 5 2 Field Experiment The ? eld experiment was run by a small non-pro? t that provides educational scholarships for girls to attend high school in East Africa. Without the intervention of this non-pro? t, and other non-pro? ts like them, girls do not attend secondary school because their families prioritize the education of sons. Though the non-pro? t’s main mission is funding these educational scholarships, the non-pro? has a secondary mission which is to inform young people in the US about the state of education for African girls. It was in aid of this secondary mission that t he non-pro? t set up a Facebook page. This page serves as a repository of interviews with girls where they describe the challenges they have faced. To launch the ? eld experiment, the non-pro? t followed the procedure described in ‘A/B Testing your Facebook Ads: Getting better results through experimentation’ (Facebook, 2010) which involved setting up multiple competing campaigns. These ad campaigns was targeted to three di? erent groups as shown in Table 1. The ? st group was a broad untargeted campaign for all Facebook users aged 18 and older in the US. The second group were people who had already expressed interest in other charities. These people were identi? ed using Facebook’s ‘broad category targeting’ of ‘Charity + Causes. ’ The third group were people who had already expressed an interest in ‘Education + Teaching. ’ Previously, the charity had tried such reasonably broad targeting with little success and was hopeful that social advertising would improve the ads’ performance (Tucker, 2011b). In all cases, the charity explicitly excluded current fans from seeing its ads. For each of these groups of Facebook users, the non-pro? t launched a socially targeted variant. These ads employed the Facebook ad option that meant that they were targeted only to users who were friends of existing fans of the charity. This also meant that when the fan had not opted-out on Facebook, the ad also displayed a ‘social endorsement’ where the name of the friend was shown at the bottom of the ad as shown in Figure 1. 6 Table 1: Di? erent Groups Targeted Condition Untargeted Baseline: Only Shown Baseline text All people in US over age of 18 who are not fans of the non-pro? t already. All people in US over age of 18 who state a? nity with charities on their Facebook pro? le who are not fans of the non-pro? t already. All people in US over age of 18 who state a? nity with education on their Facebook pro? le who are not fans of the non-pro? t already. Social Variant: Shown all 5 texts from Table 2 All people in US over age of 18 who are friends of the non-pro? t’s supporters who are not fans of the non-pro? t already. All people in US over age of 18 who state a? nity with charities on their Facebook pro? le who are friends of the non-pro? t’s supporters who are not fans of the nonpro? already. All people in US over age of 18 who state a? nity with education on their Facebook pro? le who are friends of the non-pro? t’s supporters who are not fans of the nonpro? t already. Charity Education The non-pro? t varied whether the campaign was demographically targeted and whether the campaign was socially targeted, and also explored di? erent ad-text con ditions. Table 2 describes the di? erent ad-copy for each condition. Each di? erent type of ad-copy was accompanied by the same picture of an appealing secondary-school student who had bene? ted from their program. The socially targeted ads displayed all ? ve variants of the advertising message depicted in Table 2. For each of the non-socially-targeted campaigns, we ran the baseline variant of the ad text which, as shown in Table 2, simply says ‘Help girls in East Africa change their lives through education. ’ The non-pro? t could not run the other four conditions that refer to others’ actions, because federal regulations require ads to be truthful and they did not want to mislead potential supporters. The di? erent ad conditions were broadly designed to cover the kinds of normative and informational social in? ence described by Deutsch and Gerard (1955); Burnkrant and Cousineau (1975). 1 We want to be clear that we do not argue that these advertising measures 1 Other forms of social in? uence studied in the literature involve network externalities where there is a performance bene? t to multiple people adopting (Tucker, 2008). However, that does not seem to be relevant 7 Ta ble 2: Di? erent Ad-Text Conditions Condition Baseline Be like your friend Ad-Text Help girls in East Africa change their lives through education. Be like your friend. Help girls in East Africa change their lives through education. Don’t be left out. Help girls in East Africa change their lives through education. Your friend knows this is a good cause. Help girls in East Africa change their lives through education. Learn from your friend. Help girls in East Africa change their lives through education. Don’t be left out. Your friend knows Learn from your friend. capture all types of social in? uence or are necessarily successful at distinguishing between the di? erent types of social in? uence that are possible. The literature on social in? ence has emphasized that the underlying mechanism is nuanced and complex. Obviously, di? erent types of social in? uence relate and interact in ways that cannot be teased apart simply with di? erent wording. However, the variation in messages does allow us to study whether explicit advertising messages that attempt to use di? erent types of wording to evoke social in? uence are e? ective in general. Figure 1: Sample Ad Figure 1 displays an anonymized sample ad for a social ad in the ‘be like your friend’ condition. The blacked-out top of the ad contained the non-pro? t’s name. The grayedhere. out bottom of the ad contained a supporter’s name, who had ‘liked’ the charity and was a Facebook friend of the person who was being advertised to. It is only with developments in technology and the development of automated algorithms that such individualized display of the friend’s name when pertinent is possible. Table 3 describes the demographics of the roughly 1,500 fans at the beginning of the campaign. Though the initial fans were reasonably spread out across di? erent age cohorts, they were more female than the average population, which makes sense given the nature of the charity. At the end of the experiment, the fans were slightly more likely to be male than before. The way that Facebook reports data means that we have access to the demographics only of the fans of the charity, not of those who were advertised to. Table 3: Demographics of the non-pro? t’s fans before and after the ? eld experiment Age 18-24 25-34 35-44 45-54 55+ Total Before Male 5 5 6 3 3 22 Experiment After Experiment Female Male Female 13 8 14 14 6 14 17 6 16 13 3 13 10 4 10 67 27 67 The ‘Total’ row does not add up to 100% because fans who are below 18 years of age are omitted. 9 3 Data The data that Facebook shares with advertisers is both anonymous and aggregate. This means that we cannot trace the e? ects of social advertising on the friends of any one individual. It also means that we cannot examine heterogeneity in the degrees of in? uence across individuals, as is studied, for example, by Godes and Mayzlin (2009) in their study of o? ine ? rm-sponsored communications. However, given that the central research question of the study is whether, on average, di? erent types of social advertising are more e? ective, the aggregate nature of the data is su? cient. Table 4 reports daily summary statistics for the campaigns in our data. Over a 5-week period, there were 630 observations. There were 18 campaigns in total that consisted of a) The three baseline conditions that were demographically targeted to everyone, charity-lovers and education-supporters and used the baseline text, and b) The ? fteen social ad conditions that had all the ? ve di? erent types of text, and socially targeted separately to everyone, charity-lovers and education-supporters. Table A2 in the appendix provides a summary of these campaigns. Table 4: Summary Statistics Mean Std Dev Min Max Average Impressions 13815. 13898. 6 1 98037 Average Clicks 5. 06 5. 17 0 37 Connections 2. 70 3. 52 0 24 Unique Clicks 5. 04 5. 14 0 36 Daily Click Rate 0. 11 0. 10 0 1. 27 Impression Click Rate 0. 045 0. 047 0 0. 50 Cost Per Click (USD) 0. 98 0. 40 0. 31 3. 90 Cost Per 1000 views (USD) 0. 52 1. 37 0 24. 5 Ad-Reach 6165. 7 6185. 0 1 60981 Frequency 2. 32 0. 82 1 9. 70 18 ad variants at the daily level for 5 weeks (630 observations) There are two click-through rates reported in Table 4. The ? rst click-through rate is the proportion of people who clicked on an ad that day. The denominator here is the 10 Ad-Reach measure that captures the number of people exposed to an ad each day. The second click-through rate is per ad impression. We focus on the former in our econometric analysis, because impressions can be a function of person refreshing their page or using the back button on the browser or other actions which do not necessarily lead to increased exposure to the ad. We show robustness subsequently to using this click-through rate per impression measure. Due to the relatively small number of clicks, these click through rates are expressed as percentage points or sometimes as fractions of a percentage point. In our regression analysis we also use this scaling in order to make our coe? cients more easily readable. 2 The data also contains an alternative means of measuring advertising success. The connection rate measures the number of people who liked a Facebook page within 24 hours of seeing a sponsored ad, where the denominator is the ad’s reach that day. We compare this measure to clicks in subsequent analysis to check that the click-through rate is capturing something meaningful. We also use the cost data about how much the advertiser paid for each of these ads in a robustness check. The data reassuringly suggests that there were only ? ve occasions where someone clicked twice on the ads. Therefore, 99. 8% of the click-through rate we measure captures a single individual clicking on the ad. 2 11 Figure 2: Social advertising is e? ective 4 4. 1 Results Does Social Advertising Work? First, we present some simple evidence about whether social advertising is more e? ective than regular display advertising. Figure 2 displays the basic comparison of aggregate (that is, across the whole ? ve-week period) click-through rates between non-socially-targeted ads and ads that were socially targeted. Since these are aggregate click-through rates they di? er from the daily click-through rates reported in Table 4. These are expressed as fractions of a percentage point. It is clear that social advertising earned far larger click-through rates. The di? erence between the two bars is quite striking. To check the robustness and statistical signi? cance of this relationship, we turn to econometrics. The econometric analysis is relatively straightforward because of the randomization induced by the ? eld tests. We model the click-through rate of campaign j on day t targeted to demographic group k as: 2 ClickRatejt = ? SocialT argeting Endorsementj + ? k + ? t + j (1) SocialT argeting Endorsementj is an indicator for whether or not this campaign variance was socially targeted and displayed the endorsement. Since Facebook does not allow the testing of these di? erent features separately, this is a combined (rather than separable) indicator. ?k is a ? xed e? ect that captures whether this wa s the untargeted variant of the ad. This controls for underlying systematic di? erences in how likely people within that target and untargeted segment were to respond to this charity. We include a vector of date dummies ? t . Because the ads are randomized, ? t and ? k should primarily improve e? ciency. We estimate the speci? cation using ordinary least squares. Though we recognize that theoretically a click-through rate is bounded at one hundred since it is measured in percentage points, click-through rates in our data are never close to this upper bound or lower bound. 3 Table 5 reports our initial results. Column (1) presents results for the simple speci? cation implied by equation (1) but without the date and demographic controls. The point estimates suggest that social targeting and a friend’s endorsement increased the average daily clickthrough rate by around half. Column (2) repeats the analysis with the controls for date. It suggests that after controlling for date, the result holds. This is reassuring and suggests that any unevenness in how ads were served across days does not drive our results. It also suggests that our result is not an artifact of a failure of randomization. Column (3) adds an extra coe? cient that indicates whether that campaign was untargeted rather than being targeted to one of the customer groups identi? d as being likely ‘targets’ by the non-pro? t We also tried alternative speci? cations where we use the unbounded clicks measure (rather than a rate) as the dependent variable and show that our results are robust to such a speci? cation in Table A1, in the appendix. 3 13 Educational and Charity supporters. It suggests that indeed, as expected, an untargeted camp aign was weakly ine? ective, though the estimate is not signi? cant at conventional levels. We speculate that the apparent weakness of demographic targeting may be because target markets of charity and educational supporters is reasonably broad, and consequently may have ontained many individuals who would not support an international charity. An obvious question is what explains the success of social advertising. One explanation is that the endorsement of a friend is informative. Another explanation is that social targeting uncovers people who will be more likely to be interested in their charity as they are similar, in unobserved ways, to their friends who are already fans of the charity. Manski (1993) pointed out that this particular issue of distinguishing homophily (unobserved characteristics that make friends behave in a similar way) from the explicit in? ence of friends on each other is empirically problematic. Ideally, to address this we would simply randomize whether users saw the endorsement or not. However, Facebook’s advertiser interface does not allow that. What we can do is take advantage of the fact that sometimes ads are shown to people without the endorsement if that fan has selected a privacy setting which restricts the use of their image and name. The interface which users use to do this is displayed in Figure A1; all users do is simply select the ‘No One’ rather than the ‘Only my friends’ option. Of course, this will not represent perfect randomization. It is likely that the fans who select stricter privacy settings di? er in unobserved ways from those who do not, and that therefore their social networks may di? er as well. However, despite this potential for bias, this does represent a useful opportunity to try to disentangle the power of social targeting to enable homophily and the power of personal endorsements. Column (4) displays the results of a speci? cation for equation (1) where the dependent variable is the conversion rate for these socially targeted but not socially endorsed ads. Here for ads that were being shown to friends, the click-through rate was only calculated for occasions when the endorsement was not shown. A comparison of Column 14 (3) and Column (4) in Table 5 makes it clear the ads that were displayed to friends of fans but lacked a clear endorsement were less e? ective than those that had a clear endorsement. However, they were still measurably more e? ective than non-socially-targeted ads. It appears that, roughly, the endorsement accounted for less than half of the persuasive e? ect and the ability to use social networks to target the ad accounted for slightly more than half of such ads’ e? acy. Columns (5) and (6) of Table 5 estimate the speci? cation separately by whether the campaign was targeted or untargeted. Though the point estimate for the targeted campaigns is higher, it is notable that social advertising improved the performance of both targeted and untargeted campaigns. Given the widely reported lack of e? cacy of untargeted campaigns (Reiley and Lewis, 2009), the increase in e? ectiveness allowed by social advertising appears large for untargeted campaigns. 15 Table 5: Social Targeting and Endorsement is E? ective (4) No Endorsement Click Rate SocialTargeting Endorsement All (1) Click Rate 0. 0386 (0. 0123) (2) Click Rate 0. 0385 (0. 0108) 0. 0287 (0. 0143) -0. 000275 (0. 0122) 0. 0794 (0. 0116) 0. 0132 (0. 0166) (3) Click Rate 0. 0386 (0. 0125) Untargeted (5) Click Rate 0. 0297 (0. 00755) Targeted (6) Click Rate 0. 0376 (0. 00927) SocialTargeting Untargeted Constant 16 Date Controls No Yes Yes Yes Yes Yes Observations 630 630 630 630 210 420 Log-Likelihood 542. 1 610. 3 610. 3 427. 8 187. 7 452. 3 R-Squared 0. 0221 0. 212 0. 212 0. 119 0. 317 0. 228 OLS Estimates. Dependent variable is the percentage point of people who click on the ad. Dependent variable in Columns (4) for social ads is the percentage point daily click-through rate of ads that did not display the endorsement. Robust standard errors. * p 0. 10, ** p 0. 05, *** p 0. 01 4. 2 Robustness Table 6 checks the robustness of the ? nding that social targeting and endorsement are effective, to di? erent de? nitions of the dependent variable. Column (1) reports the results of using a dependent measure which is the percentage click-through per impression. Again, we ? nd that social advertising is more e? ective, though the e? ectiveness is less pronounced and less precisely estimated than before. This suggests that the appeal of social advertising is not necessarily enhanced by multiple exposure. It could also, of course, merely re? ect noise introduced into the process by someone refreshing their browser multiple times. The results so far suggest that consumer privacy concerns or the intrusiveness of such ads do not seem to outweigh the appeal of social advertising for consumers. 4 There is always the possibility of course that people clicked on the ads because they were annoyed or wanted to understand more the extent of privacy intrusion rather than because the ads were actually e? ective. To explore this, we estimate a speci? cation where the dependent measure was the proportion of clicks that became subscribers of the newsfeed. The results are reported in Column (2). We see that again social advertising appears to be more e? ective at encouraging Facebook users to take the intended action as well as simply clicking. This is evidence that people are not clicking on social ads due to annoyance at their intrusiveness but instead are clicking on them and taking the action the ads intend to encourage them to take. Untargeted ads are less likely to lead to conversions than those targeted at appropriate demographics. This makes sense these people are being targeted precisely because they are the kind of people who have signed up for such news feeds in the past. A ? nal question is whether ads that are socially targeted and display endorsements are more expensive for advertisers, thereby wiping out their relative e? ectiveness in terms of return on advertising investment. We explore this in Column (3) of Table 6. There are This may be because Facebook users ? nd it reassuring that these ads, though narrowly targeted, are not overly visually intrusive (Goldfarb and Tucker, 2011). 4 17 everal missing observations where there were no clicks that day and consequently there was no price recorded. In Column (3), we report the results of a speci? cation where our explanatory variables is the relative price per click. The results suggest that advertisers pay less for these clicks that are socially targeted. This suggests that Facebook is not charging a premium for this kind of advertising. Though Faceboo k shrouds in secrecy the precise pricing and auction mechanism underlying their advertising pricing, this result would be consistent with a mechanism whereby advertisers pay less for clicks if they have higher clickthrough rates. In other words, prices paid bene? t from an improved ‘quality-score’ (Athey and Nekipelov, 2011). The results also suggest that advertisers pay less for demographically untargeted clicks which is in line with previous studies such as Beales (2010). Table 6: Social Advertising is E? ective: Checking robustness to di? erent dependent variables SocialTargeting Endorsement (1) Click Rate (Multiple) 0. 0108 (0. 00501) 0. 00526 (0. 00582) Yes 630 1086. 5 0. 150 (2) Clicks to Connections Rate 0. 433 (0. 0997) -0. 321 (0. 0768) Yes 554 -467. 5 0. 163 (3) Cost Per Click (USD) -0. 95 (0. 0480) -0. 177 (0. 0520) Yes 559 -129. 0 0. 426 Untargeted Date Controls Observations Log-Likelihood R-Squared OLS Estimates. Dependent variable is the click-through rate (expressed as a fraction of a percentage point) for impressions in Column (1). Dependent variable in Column (2) is the clicks to conversions rate. Dependent variable in Column (3) is cost per click. Robust standard errors. * p 0. 10, ** p 0. 05, *** p 0. 01 4. 3 What Kind of Social Advertising Messages Work? We then go on to explore what kind of advertising message works in social ads. We distinguish between ads that rely simply on the Facebook algorithm to promote social in? uence by featuring the automated endorsement at the bottom of their ad, and ads that explicitly refer to this endorsement in their ad copy. 18 Table 7: Social Advertising is Less E? ective if an Advertiser is Too Explicit (3) No Endorsement Click Rate SocialTargeting Endorsement All (1) Click Rate 0. 0577 (0. 0139) (2) Click Rate 0. 0571 (0. 0113) 0. 0333 (0. 0168) -0. 0287 (0. 00886) -0. 000463 (0. 0122) -0. 0136 (0. 0115) -0. 0189? (0. 01000) -0. 0378 (0. 0115) -0. 0429 (0. 0144) -0. 101 (0. 0124) Yes 630 615. 4 0. 225 Yes 630 618. 1 0. 232 Yes 630 429. 5 0. 124 Yes 210 189. 6 0. 329 Yes 420 461. 0 0. 260 -0. 000281 (0. 0177) 0. 0161 (0. 0169) -0. 0303? (0. 0167) -0. 0284 (0. 0124) Untargeted (4) Click Rate 0. 0498 (0. 0245) Targeted (5) Click Rate 0. 0527 (0. 0130) SocialTargeting SocialTargeting Endorsement ? Explicit Untargeted SocialTargeting Endorsement ? Don’t be left out Social Targeting Endorsement ? Be like your friend SocialTargeting Endorsement ? Learn from your friend 19 SocialTargeting Endorsement ? Your friend knows SocialTargeting ? Explicit Date Controls Observations Log-Likelihood R-Squared OLS Estimates. Dependent variable is the percentage points of people who click on the ad. Dependent variable in Columns (3) adjusted for social ads so that is the percentage point daily click-through rate of ads that did not display the endorsement. Robust standard errors. * p 0. 10, ** p 0. 05, *** p 0. 01 We use the additional binary indicator variable Explicitj to indicate when the advertiser uses a message that evokes social in? uence explicitly in their ad copy, in addition to the social endorsement automated by the Facebook algorithm.