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Key Opinion Leader and Business Growth: Econometrics and Machine Learning Approaches
Book chapter

Key Opinion Leader and Business Growth: Econometrics and Machine Learning Approaches

Yanni Ping, Jorge Fresneda, Yun Zhu and Chelsey Hill
Advances in Digital Marketing and eCommerce
08 Jun 2022

Abstract

Key opinion leaders (KOLs) are individuals with a strong social status whose recommendations and opinions are influential on their followers’ decision-making (Bamakan et al. 2019; Chowdhry and Newcomb 1952). Prior to the social media era, KOLs were typically political figures, journalists and celebrities who received enough media exposure to cast their influence. The increasing importance of user-generated content (UGC) provides regular people with such opportunities and creates new groups of KOLs.

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