Study finds that even positive third-party ratings can have negative effects

There’s history, glitz, and glamor surrounding the awarding of Michelin stars to restaurants, but new research shows there can be a downside to achieving even the highest industry rankings. In a study published in Strategic Management Journal, Daniel B. Sands of University College London found that restaurants that received a Michelin star were more likely to close in subsequent years. There’s history, glitz, and glamor surrounding the awarding of Michelin stars to restaurants, but new research shows there can be a downside to achieving even the highest industry rankings. In a study published in Strategic Management Journal, Daniel B. Sands of University College London found that restaurants that received a Michelin star were more likely to close in subsequent years. Economics & Business Phys.org – latest science and technology news stories