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作者：Song, Hummy; Tucker, Anita L.; Graue, Ryan; Moravick, Sarah; Yang, Julius J.
作者单位：University of Pennsylvania; Boston University; Harvard University; Harvard University Medical Affiliates; Beth Israel Deaconess Medical Center
摘要：Hospital managers struggle with the day-to-day variability in patient admissions to different clinical services, each of which typically has a fixed allocation of hospital beds. In response, many hospitals engage in capacity pooling by assigning patients from a service whose designated beds are fully occupied to an available bed in a unit designated for a different service. This off-service placement occurs frequently, yet its impact on patient and operational measures has not been rigorously ...
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作者：Babenko, Ilona; Tserlukevich, Yuri; Wan, Pengcheng
作者单位：Arizona State University; Arizona State University-Tempe
摘要：Corporations often transact in their own mispriced stock. This activity, known as equity market timing, can generate substantial profits and increase the long-term stock price. We challenge a closely related popular view that market timing always benefits firm shareholders. Opportunistic financing maneuvers by a firm can negatively affect its un-informed stock owners because of adverse selection and the change in the firm's short-term price, whereas the long-term returns do not accumulate to d...
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作者：Cahlikova, Jana; Cingl, Lubomir; Levely, Ian
作者单位：Max Planck Society; Prague University of Economics & Business; Wageningen University & Research
摘要：Because many key career events, such as examinations and interviews, involve competition and stress, gender differences in response to these factors could help to explain the labor market gender gap. In a laboratory experiment, we manipulate psychosocial stress using the Trier Social Stress Test and confirm that this is effective by measuring salivary cortisol level and heart rate. Subjects perform in a real-effort task under both tournament and piece-rate incentives, and we elicit willingness...
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作者：Diestre, Luis; Barber, Benjamin; Santalo, Juan
作者单位：IE University
摘要：Safety alerts are announcements made by health regulators warning patients and doctors about new drug-related side effects. However, not all safety alerts are equally effective. We provide evidence that the day of the week on which the safety alerts are announced explains differences in safety alert impact. Specifically, we show that safety alerts announced on Fridays are less broadly diffused: they are shared 34% less on social media, mentioned in 23% to 66% fewer news articles, and are 12% t...
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作者：Chu, Yongqiang
作者单位：University of North Carolina; University of North Carolina Charlotte; University of North Carolina; University of North Carolina Charlotte
摘要：This paper studies how the ease of repossessing collateral in bankruptcy affects corporate leasing policy. Using plausibly exogenous variation of the ability to repossess assets generated by state antirecharacterization laws, I find that the antirecharacterization laws, which make collateral repossession easier for secured lending, reduces corporate leasing. Consistent with the argument that only financially constrained firms value additional debt capacity because of the increased ability to r...
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作者：Kraekel, Matthias; Schoettner, Anja
作者单位：University of Bonn; Humboldt University of Berlin
摘要：We investigate a situation where a firm employing a sales agent faces moral hazard with respect to prospecting effort and the threat of collusion between agent and customer. We show that the firm should offer more pricing authority to the agent the more severe the moral hazard problem, although doing so further expands the agent's discretion. Nevertheless, restricting the agent's pricing authority such that he cannot sell to low-valuation customers is typically optimal to prevent collusion. We...
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作者：Murry, Charles; Zhou, Yiyi
作者单位：Boston College; State University of New York (SUNY) System; Stony Brook University; State University of New York (SUNY) System; Stony Brook University
摘要：Retailers colocate with rivals to take advantage of economies of agglomeration even though colocation implies greater competition. Using data on all new car transactions registered in Ohio from 2007 to 2014, we estimate a structural model of consumer search for spatially differentiated products that explicitly captures the agglomeration and competition effects of retail colocation. Search frictions generate an average of $333 per car in dealer markups. Agglomeration implies that dealer closure...
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作者：Bereskin, Frederick; Campbell, Terry, II; Kedia, Simi
作者单位：University of Missouri System; University of Missouri Columbia; University of Delaware; Rutgers University System; Rutgers University New Brunswick
摘要：We examine the response of prosocial employees and boards of directors to corporate misconduct. We develop several proxies for the presence of prosocial employees and directors based on the density of social networks and social capital in the county of the firms' headquarters and companies' relevant corporate social responsibility ratings. We document that proxies for prosocial employees and directors are associated with an increase in whistle blowing and forced chief executive officer turnove...
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作者：Kirshner, Samuel N.; Moritz, Brent B.
作者单位：University of New South Wales Sydney; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要：Based on a simulation, the authors of Newsvendor Demand Chasing Revisited recommended using correlation of orders with lagged demand to measure chasing behavior. They concluded that measuring chasing with regression based on partial adjustment is prone to false positives. We show the purported false positives are due to autocorrelation and recommend using partial adjustment regression-based approaches to evaluate chasing.
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作者：Gaur, Vishal; Martinez-de-Albeniz, Victor; Song, Jeannette; Swaminathan, Jayashankar
作者单位：Cornell University; University of Navarra; IESE Business School; Duke University; University of North Carolina; University of North Carolina Chapel Hill
