10期

最新文章

• Do analysts add value when they most can? Evidence from corporate spin-offs AI翻译
  作者：Feldman, Emilie R.; Gilson, Stuart C.; Villalonga, Belen
  作者单位：University of Pennsylvania; Harvard University; New York University
  摘要：This article investigates how securities analysts help investors understand the value of diversification. By studying the research that analysts produce about companies that have announced corporate spin-offs, we gain unique insights into how analysts portray diversified firms to the investment community. We find that while analysts' research about these companies is associated with improved forecast accuracy, the value of their research about the spun-off subsidiaries is more limited. For bot...
• Managing contracts for fairness in buyer-supplier exchanges AI翻译
  作者：Poppo, Laura; Zhou, Kevin Zheng
  作者单位：University of Kansas; University of Hong Kong
  摘要：Despite the centrality of fairness in the moral and social fabric of governance, few studies relate fairness to contracting research. This paper assesses whether fairness accounts for the effects of contractual complexity and contractual recurrence on exchange performance. Based on a sample of 283 buyer-supplier dyads, we find that procedural fairness partially mediates the effect of contractual complexity, whereas distributive fairness partially mediates the effect of contractual recurrence i...