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作者：Hwang, JiHoon; Kahle, Kathleen M.
作者单位：University of Arizona
摘要：Compared with regular employees, independent contractors (ICs) offer labor flexibility and cost savings to their employers. Using a difference-in-differences design around the 2004 Massachusetts law that discourages IC usage, we find that this exogenous decrease in IC usage makes treated firms' earnings more sensitive to changes in sales, increases labor-related expenses, and reduces profitability. Firms subsequently reduce share repurchases. The decrease is more pronounced for firms with high...
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作者：Wang, Weiguang; Gao, Guodong (Gordon); Agarwal, Ritu
作者单位：University of Rochester; Johns Hopkins University
摘要：As artificial intelligence (AI) applications become more pervasive, it is critical to understand how knowledge workers with different levels and types of experience can team with AI for productivity gains. We focus on the influence of two major types of human work experience (narrow experience based on the specific task volume and broad experience based on seniority) on the human-AI team dynamics. We developed an AI solution for medical chart coding in a publicly traded company and conducted a...
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作者：Upton, Harvey
作者单位：Humboldt University of Berlin
摘要：We study an infinitely repeated game of team production, where agents must supply costly effort under moral hazard. The principal also has the option to delegate an additional production-relevant decision to a team member. We provide conditions under which delegation changes the scope of peer sanction and thus influences the implicit incentives generated by the agents' repeated interaction. Delegation can then become strictly optimal, despite misaligned preferences and symmetric information re...
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作者：Colella, Fabrizio; Dalton, Patricio S.; Giusti, Giovanni
作者单位：Universita della Svizzera Italiana; Tilburg University
摘要：This study presents unique empirical evidence on the importance of moral support for performance. We take advantage of an unusual change in Argentinean football legislation. In August 2013, as a matter of national security, the Argentinean government forced all teams in the first division to play their games with only home team supporters. Supporters of visiting teams were not allowed to be in stadiums during league games. We estimate the effect of this exogenous variation of supporters on tea...
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作者：Carnehl, Christoph; Stenzel, Andre; Schmidt, Peter
作者单位：Bocconi University; Bank of Canada
摘要：Maintaining good ratings increases the profits of sellers on online platforms. We analyze the role of strategic pricing for ratings management in a setting where a monopolist sells a good of unknown quality. Higher prices reduce the value for money, which on average worsens reviews. However, higher prices also induce only those consumers with a strong taste for the product to purchase, which on average improves reviews. Our model flexibly parametrizes the two effects. This parametrization can ...
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作者：Bolton, Gary E.; Ferecatu, Alina; Kusterer, David J.
作者单位：University of Texas System; University of Texas Dallas; Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC; University of Cologne
摘要：Reputation feedback systems assign feedback scores to traders with the aim of separating them according to reliability. There is now a substantial amount of literature on what these mechanisms do well and not so well. Conspicuously absent is a theoretical framework to guide thinking on improving these systems. Here we construct a prototype market, stylized and conceptual in nature, but also suitable for laboratory testing. We use the prototype to examine competing approaches to eliciting feedb...
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作者：Sharma, Vasundhara; Agarwal, Ashish; Barua, Anitesh
作者单位：Indian School of Business (ISB); University of Texas System; University of Texas Austin
摘要：Many digital products follow an open-innovation model, wherein the open boundaries facilitate copying (forking) the codebase and creating new products, which may compete with the parents for user demand. Although a rich body of literature highlights the benefits of open source such as the availability of developers with diverse skill sets and accelerated innovation, the competition effects of forked products on the demand of their parents remain understudied. Using data from major cryptocurren...
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作者：Barinov, Alexander
作者单位：University of California System; University of California Riverside
摘要：The idiosyncratic volatility (IVol) effect is robust to restricting the sample to New York Stock Exchange (NYSE) firms (once the proper listing indicator is used) and to excluding from the sample small, illiquid, and low -price stocks. The idiosyncratic volatility effect is also unlikely to stem from the short -run reversal, as the IVol effect stays significant for about six months and seems stronger for high turnover firms, which do not exhibit short-term reversal. The IVol effect also does n...
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作者：Carson, Anita; Savva, Nicos; Scholtes, Stefan
作者单位：Boston University; University of London; London Business School; University of Cambridge
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作者：Cong, Lin William; Yang, Xiaohan; Zhang, Xiaobo
作者单位：Cornell University; National Bureau of Economic Research; Chinese University of Hong Kong; Peking University; CGIAR; International Food Policy Research Institute (IFPRI)
摘要：Using administrative universal business registration data as well as primary offline and online surveys of small businesses (including unregistered self -employments) in China, we examine (i) whether digitization helps small and medium enterprises (SMEs) better cope with the COVID-19 pandemic and (ii) whether the pandemic has spurred digital technology adoption. We document significant economic benefits of digitization in increasing SMEs' resilience against such a large shock, as seen through ...
