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作者:Fang, Ruirui; Hu, Nan; Liang, Peng; Liu, Ling
作者单位:Xi'an Jiaotong University; Nanjing University of Information Science & Technology; Chinese Academy of Sciences; University of Science & Technology of China, CAS; University of Wisconsin System; University of Wisconsin Eau Claire; Nanjing University of Information Science & Technology; Chinese Academy of Sciences; University of Science & Technology of China, CAS
摘要:In this paper, we investigate whether and how investors of suppliers learn from the private information embedded in the customer credit default swap (CDS) market prior to customer earnings announcements. We find that investors of suppliers indeed incorporate the customer private information revealed in the CDS market into the supplier valuation, thereby leading to significant changes in suppliers' future stock prices. Moreover, such price discovery effect is more pronounced when: (i) the level...
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作者:Sethuraman, Nagarajan; Parlakturk, Ali K.; Swaminathan, Jayashankar M.
作者单位:University of Kansas; University of North Carolina; University of North Carolina Chapel Hill
摘要:There is a growing interest in the industry around 3D printing. A related phenomenon is personal fabrication (PF) in which a firm sells products' design and lets the customers personalize and manufacture the product using 3D printing services. In this paper, we characterize the market and operational conditions that make PF an attractive operational strategy. We propose a demand market model that captures customer heterogeneity in taste (horizontal) and quality (vertical) dimensions while allo...
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作者:Fan, Xiaoshuai; Wu, Qingye; Chen, Ying-Ju; Tang, Christopher S.
作者单位:Southern University of Science & Technology; Hong Kong University of Science & Technology
摘要:Many companies are under pressure to improve pay transparency; however, its impact on their agents and principals remains unclear. As a way to investigate the upside and downside of pay transparency, we conduct our study based on a scenario in which agents have cognitive bias (namely, over- or underconfident). We also capture the notion of social comparisons behavior (namely, behind-averse and ahead-seeking) that occurs under pay transparency. By exploring a one-principal-two-agent model, we f...
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作者:Park, Kyungmin; Lee, Stephanie; Doosti, Shahryar; Tan, Yong
作者单位:University of Washington; University of Washington Seattle; Chapman University System; Chapman University; University of Washington; University of Washington Seattle
摘要:With the rapid growth and popularity of YouTube, an increasing number of consumers rely on online product review videos to obtain product-related information. As the provision of online review videos grows and consumers increasingly rely on them for their purchase decisions, understanding factors that contribute to the perceived helpfulness of video reviews becomes critical for video review management. This paper examines how various visual and vocal characteristics of online review videos are...
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作者:Chung, Doug J.; Seo, Kyoungwon; Song, Reo
作者单位:University of Texas System; University of Texas Austin; Seoul National University (SNU); California State University System; California State University Long Beach; Seoul National University (SNU)
摘要:Discrete games provide the means to analyze market dynamics with limited data. However, computing such games with many players-especially in a complete information setting-is computationally infeasible because the strategy space increases exponentially with the number of players. This study presents a novel and practical method to compute and estimate discrete games. To do so, the study introduces two methodological innovations. First, we develop an efficient simulator that requires fewer rand...
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作者:Choi, Thomas Y.; Netland, Torbjorn H.; Sanders, Nada; Sodhi, ManMohan S.; Wagner, Stephan M.
作者单位:Arizona State University; Arizona State University-Tempe; Swiss Federal Institutes of Technology Domain; ETH Zurich; Northeastern University; City St Georges, University of London; City St Georges, University of London
摘要:The Covid-19 pandemic and other recent disruptions in the early 2020s led to sections in the business press blaming just-in-time (JIT) practices for operational failings. Consequently, there are calls for moving away from JIT toward holding more inventory as preparation against future disruptions, which is referred to as just-in-case. The academic community is also divided. Some scholars argue that JIT is not resilient, while others maintain that JIT can continue providing superior performance...
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作者:Chen, Yiwei; Shi, Cong
作者单位:Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; University of Miami
摘要:We consider a general class of price-based network revenue management problems that a firm aims to maximize revenue from multiple products produced with multiple types of resources endowed with limited inventory over a finite selling season. A salient feature of our problem is that the firm does not know the underlying demand function that maps prices to demand rate, which must be learned from sales data. It is well known that for almost all classes of demand functions, such as linear, exponen...
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作者:Xu, Liang; Mani, Vidya; Zhao, Hui
作者单位:Singapore Management University; University of Virginia; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; Singapore Management University
摘要:One of the most important trends in the pharmaceutical industry is the rapid growth of specialty drugs. Specialty drugs, mostly bio based, tend to be high risk, high priced, and more regulated than traditional drugs, resulting in unprecedented challenges in distribution. Such challenges lead to the emergence of specialty distributors (SDs), which, compared with traditional wholesalers (WSs), represent a more controlled channel and carry a smaller variety of drugs. Due to the risky nature of sp...
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作者:Sharma, Luv; Goradia, Deepa
作者单位:University of South Carolina System; University of South Carolina Columbia; University System of Georgia; Georgia State University
摘要:Although past studies have found differences in clinical quality outcomes based on patients' insurance type, the extent of these discrepancies, the underlying mechanisms supporting this relationship, and factors that can moderate this effect have not yet been addressed. We seek to fill this gap by studying the relationship between insurance type and clinical quality outcomes using the level of care received, that is, treatment intensity, as a mediator. Using agency theory, we argue that underi...
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作者:Ding, Haoyuan; Hu, Yichuan; Jiang, Han; Wu, Jing; Zhang, Yu
作者单位:Shanghai University of Finance & Economics; Tongji University; Tulane University; The Chinese University of Hong Kong, Shenzhen; Chinese University of Hong Kong; Peking University
摘要:Network literature has widely documented that the managerial ties between corporate leaders in two firms can promote their economic exchanges in supply chains, that is, social embeddedness. In this study, we strive to advance this line of inquiry by exploring the dynamics of such socially embedded supply chains, examining whether and when the dissolution of managerial ties between two firms would cause the subsequent termination of their supplier-buyer exchanges. We address this question by di...