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作者：Sterling, Adina D.; Fernandez, Roberto M.
作者单位：Stanford University; Massachusetts Institute of Technology (MIT)
摘要：Although women pursue managerial credentials at nearly the same rate as men, gender disparities in wages exist because of the shortfall in wages women sustain relative to men at the onset of their careers. This article develops a tryout approach to test for the presence of demand-side contributions to initial wage inequality while also developing and testing theory on why it may be lessened through internships. Using detailed data on graduates from an elite management program from 2009-2010, o...
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作者：Wang, Weiquan; Xu, Jingjun (David); Wang, May
作者单位：City University of Hong Kong; Beijing Normal University; Beijing Normal-Hong Kong Baptist University
摘要：We extend the extant research on neutral recommendation agents (RAs) to those that lack recommendation neutrality and are biased toward sponsors. We first investigate the effects of recommendation neutrality on users' trust and distrust in RAs by comparing a biased RA with sponsorship disclosure with a neutral RA. We then apply a contingency approach to examine the effects of sponsorship disclosure on users' trust and distrust in biased RAs, with explanations for organic recommendations as a c...
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作者：Adebambo, Biljana N.; Yan, Xuemin (Sterling)
作者单位：University of San Diego; University of Missouri System; University of Missouri Columbia
摘要：Behavioral theory predicts that investor overconfidence leads to overpricing because overconfident investors overestimate the quality of their information and underestimate risk. We test this prediction by using a measure of investor overconfidence derived from the characteristics and holdings of U.S. equity mutual fund managers. We find that firms with more overconfident investors are relatively overvalued based on the market-to-book ratio and a misvaluation measure. The result is stronger am...
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作者：Gubler, Timothy; Larkin, Ian; Pierce, Lamar
作者单位：University of California System; University of California Riverside; University of California System; University of California Los Angeles; Washington University (WUSTL)
摘要：This paper investigates the impact of a corporate wellness program on worker productivity using a panel of objective health and productivity data from 111 workers in five laundry plants. Although almost 90% of companies use wellness programs, existing research has focused on cost savings from insurance and absenteeism. We find productivity improvements based both on program participation and postprogram health changes. Sick and healthy individuals who improved their health increased productivi...
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作者：Clingingsmith, David; Shane, Scott
作者单位：University System of Ohio; Case Western Reserve University
摘要：Accredited investors finance more than 75,000 U.S. startups annually. We explain how training aspiring entrepreneurs to pitch their new business ideas to these investors affects their odds of continued funding discussions. We model accredited investors' decision to continue investigation as a real option whose value is a function of their experience and the information contained in the entrepreneurs' pitches. We derive four hypotheses from the model, which we test through a field experiment th...
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作者：Illeditsch, Philipp Karl
作者单位：University of Pennsylvania
摘要：I decompose inflation risk into (i) a component that is correlated with factors that determine investors' preferences and investment opportunities and real returns on real assets with risky cash flows (stocks, corporate bonds, real estate, commodities, etc.), and (ii) a residual inflation risk component. In equilibrium, only the first component earns a risk premium. Therefore, investors should avoid exposure to the residual component. All nominal bonds, including money-market accounts, have co...
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作者：Gui, Luyi; Atasu, Atalay; Ergun, Ozlem; Toktay, L. Beril
作者单位：University of California System; University of California Irvine; University System of Georgia; Georgia Institute of Technology; Northeastern University
摘要：A key goal of Extended Producer Responsibility (EPR) legislation is to provide incentives for producers to design their products for recyclability. EPR is typically implemented in a collective system, where a network of recycling resources are coordinated to fulfill the EPR obligations of a set of producers, and the resulting system cost is allocated among these producers. Collective EPR is prevalent because of its cost efficiency advantages. However, it is considered to provide inferior desig...
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作者：Lee, Dokyun; Hosanagar, Kartik; Nair, Harikesh S.
作者单位：Carnegie Mellon University; University of Pennsylvania; Stanford University
摘要：We describe the effect of social media advertising content on customer engagement using data from Facebook. We content-code 106,316 Facebook messages across 782 companies, using a combination of Amazon Mechanical Turk and natural language processing algorithms. We use this data set to study the association of various kinds of social media marketing content with user engagement-defined as Likes, comments, shares, and click-throughs-with the messages. We find that inclusion of widely used conten...
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作者：Fazli, Amir; Shulman, Jeffrey D.
作者单位：University of Washington; University of Washington Seattle
摘要：In recent years, several firms have decided to withdraw from profitable markets, believing the move will be beneficial for their overall business. For instance, CVS dropped tobacco products from its shelves in 2014, while Aldi dropped confectionery from its checkout lines in 2016. Findings from consumers' evaluation of such moves suggest there exists a negative market spillover from selling in a market, such that a firm's participation in one market reduces consumers' willingness to pay for th...
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作者：Green, Brett; Zwiebel, Jeffrey
作者单位：University of California System; University of California Berkeley; Stanford University
摘要：We test for a hot hand (i.e., short-term predictability in performance) in Major League Baseball using panel data. We find strong evidence for its existence in all 10 statistical categories we consider. The magnitudes are significant; being hot corresponds to between one-half and one standard deviation in the distribution of player abilities. Our results are in notable contrast to the majority of the hot-hand literature, which has generally found either no hot hand or a very weak hot hand in s...
