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作者:Graddy, Kathryn; Lieberman, Carl
作者单位:Brandeis University; Princeton University
摘要:Does creativity, on average, increase or decrease during bereavement? Dates of death of relatives and close friends of 33 French artists and 15 American artists were gathered from electronic sources and biographies, and information on over 15,000 paintings was collected from the Blouin Art Sales Index and the online collections of the Metropolitan Museum of Art, the Art Institute of Chicago, the National Gallery of Art, the J. Paul Getty Museum, and the Musee d'Orsay, including more than 12,00...
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作者:Cheong, Foong Soon; Thomas, Jacob
作者单位:New York University; NYU Shanghai; Yale University
摘要:We document substantial management of reported and forecast earnings per share (EPS) for analyst-followed U.S. firms, with the extent of management increasing with share price. Managers smooth the volatility of reported EPS by using accruals to offset cash flow shocks. Smoother EPS is easier to forecast, resulting in smaller forecast errors. Managers also differentially guide forecasts to improve accuracy. Whereas unmanaged forecast errors are much larger for high-price firms, they are compres...
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作者:Leibbrandt, Andreas; Wang, Liang Choon; Foo, Cordelia
作者单位:Monash University; Monash University
摘要:This study experimentally investigates gender quotas in light of peer review. We investigate competitions with and without gender quotas and a peer review process that allows for sabotage. Our findings show that the possibility of peer sabotage renders the gender quota ineffective in encouraging women to enter tournaments. Moreover, we provide evidence of a severe backlash against women, as they become targets of sabotage under gender quotas. Interestingly, this is the result of women focusing...
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作者:Kleinbaum, Adam M.
作者单位:Dartmouth College
摘要:Whereas most research on network evolution has focused on the role of interaction opportunities in the formation of new ties, this paper addresses tie decay choices. When the opportunity structure gets reorganized, social actors make choices about which ties to retain and which to allow to decay, informed by their past experience of the tie. I argue that, conditional on changes in opportunity, people (especially those with Machiavellian personalities) choose to retain ties to valuable contacts...
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作者:Govind, Rahul; Chatterjee, Rabikar; Mittal, Vikas
作者单位:University of New South Wales Sydney; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; Rice University
摘要:We develop and test a new methodology that assigns geographical units (such as ZIP codes) to market segments by simultaneously considering bases of segmentation, such as customer attitudes and needs, such that the resulting segments display a high level of spatial concentration. Such concentrated segments are managerially desirable because of the logistical and administrative efficiencies created by implementing spatially concentrated segment-level strategies. The suggested approach captures s...
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作者:Hu, Zhenyu; Nasiry, Javad
作者单位:National University of Singapore; Hong Kong University of Science & Technology
摘要:Behavioral pricing and revenue management aim to incorporate realistic consumer behavior into firms' pricing and inventory models. The key input to these models is market demand, which is often assumed to inherit the characteristics of consumer behavior-as when, for example, one assumes that a market consisting of loss-averse consumers is more responsive to losses than to gains. Yet market demand and consumer behavior need not be related, and so, we argue, that approach to modeling market dema...
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作者:de Bodt, Eric; Cousin, Jean-Gabriel; Roll, Richard
作者单位:Universite de Lille; SKEMA Business School; California Institute of Technology
摘要:The number of merger and acquisition (M&A) transactions paid fully in stock in the U.S. market declined sharply after 2001, when pooling and goodwill amortization were abolished by the Financial Accounting Standards Board. Did this accounting rule change really have such far reaching implications? Using a difference-in-differences test and Canada as a counterfactual, this study reveals that it did. We also report several other results confirming the role of pooling abolishment, including (i) t...
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作者:Moller, Stig V.; Rangvid, Jesper
作者单位:CREATES; Aarhus University; Copenhagen Business School
摘要:Global economic growth at the end of the year strongly predicts returns from a wide spectrum of international assets, such as global, regional, and individual-country stocks, FX, and commodities. Global economic growth at other times of the year does not predict international returns. Low growth in the global economy at the end of the year predicts higher returns over the following year. It also predicts the global business cycle. When global economic growth at the end of the year is low, inve...
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作者:Arya, Anil; Mittendorf, Brian
作者单位:University System of Ohio; Ohio State University
摘要:This paper presents a parsimonious model of the bricks-and-mortar entry choice of online retailers in light of consumer sales taxes. On the one hand, a retailer benefits by entry since the second distribution channel enables it to reach new customers, giving it a leg up on rivals. On the other hand, physical entry typically compels the retailer to start collecting sales taxes even for online transactions, making its consumers particularly price sensitive. This paper examines this trade-off to ...
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作者:Mislavsky, Robert; Simonsohn, Uri
作者单位:University of Pennsylvania
摘要:We define transactions asweird when they include unexplained features, that is, features not implicitly, explicitly, or self-evidently justified, and propose that people are averse to weird transactions. In six experiments, we show that risky options used in previous research paradigms often attained uncertainty via adding an unexplained transaction feature (e.g., purchasing a coin flip or lottery), and behavior that appears to reflect risk aversion could instead reflect an aversion to weird t...