作者:Cheng, J. Yo-Jud; Groysberg, Boris; Healy, Paul; Vijayaraghavan, Rajesh
作者单位:University of Virginia; Harvard University; University of British Columbia
摘要:We contribute to the growing literature on the effectiveness of corporate boards by examining the effect of two insights that have been largely unexplored in prior studies that use public data. First, since boards' responsibilities are wide-ranging, more holistic performance measures may better capture the full range of their duties than specific public actions and outcomes (e.g., disclosure of risk management processes, financial restatements, acquisition returns, CEO turnover). And second, b...
作者:Kanoria, Yash; Saban, Daniela
作者单位:Columbia University; Stanford University
摘要:Two-sided matching platforms can control and optimize over many aspects of the search for partners. To understand how matching platforms should be designed, we introduce a dynamic two-sided search model with strategic agents who must bear a cost to discover their value for each potential partner and can do so nonsimultaneously. We characterize evolutionarily stable stationary equilibria and find that, in many settings, the platform can mitigate wasted search effort by imposing suitable restric...